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

While prepayments fell, cash inflows from operating activities were relatively high (€29.6m against €34.6m in 2008) thanks to a reduction in working capital. The free cash flow improved from -€9.9m in 2008 to €4.9m. At the end of December liquid assets totalled €76.1m and bank loans €48.3m, resulting in net liquidity of €27.8m (2008: €22.6m). After eighteen months of recession these figures are well above the average for the engineering industry.