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

• €2.7m pre-tax profit and positive cash flow
• €100m-plus cost savings from realignment
• Modest increase in sales and income targeted in 2010

The rapid implementation of a radical consolidation and cost-cutting initiative enabled the group to transform an operating loss of €79.9 milion in 2008 into an operating profit of €8.7 million. This was no mean feat considering the persistent weak demand, price erosion and poor contribution margins prevailing in the sector.