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

The issue of employee shares and income retention increased the corporate equity base from €411.1m the previous year to €419.8m. A big drop in inventories and trade receivables reduced the balance sheet total from €1,181.4m in 2008 to €1,060.4m. The ratio of equity to the smaller balance sheet total climbed to 39.6% (2008: 34.8%), which was also well above the industry average.