KBA Posts Profit for 2009, Targets Modest Sales Increase in 2010

WÜRZBURG, GERMANY—03/26/10—Following preliminary disclosures in early February, German press manufacturer Koenig & Bauer AG (KBA) has now published its financial statements for 2009. While the economic recession and the structural changes taking place in the print media industry have had a massive impact on press markets, compared to other players in the sector KBA’s performance was impressive. Despite a 31% plunge in sales, it was probably the only press manufacturer in the international premier league to post a profit in 2009 and adjust capacities to diminished market volumes without raising debt.