KBA Halves Loss with Spike in Press Orders

Notwithstanding an increase in inventories of around €30 million, in preparation for higher shipments in the second half-year, the operative cash flow improved from -€41.3 million at the end of March to -€18.1 million at the end of June. In his letter to shareholders in the half-yearly report KBA president and CEO Helge Hansen emphasised that the operative cash flow in the heavy engineering sector is prone to periodic fluctuations but should improve as sales pick up still further in coming months. Funds at the end of June totalled €45.8 million and KBA’s net financial position was positive, while its equity ratio of 37.5% compares well with the rest of the sector.