Koenig & Bauer AG Reports Good Start to the 2011 Business Year

Cost savings and higher profit contributions slashed the group operating loss for the quarter from €19.4m to just €1.8m. A low level of debt and interest charges also helped cut KBA’s pre-tax loss (EBT) from €21.3m to €3.9m. After taxes the group disclosed a net loss of €5.8m, a big reduction on the prior-year loss of €20.2m. Earnings per share improved to –€0.35 (2010: –€1.23).