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KBA maintains pre-tax profit for third year running

Tuesday, 06 March 2012
By Print 21 Online Article

Despite failing to reach its annual sales target for 2011, the German manufacturer racked up a group pre-tax profit in the single-digit millions for the third consecutive year.

Preliminary figures reveal demand for special KBA presses pushed the new order tally over €1.5b (A$1.86b), outstripping the prior-year count by over 20%. KBA’s order backlog at the end of 2011 topped the €800m (A$990m) mark, exceeding the prior-year figure of €440.8m (A$545.6m) by over 80%.

Group sales were marginally lower than in 2010 at €1,179.1m (A$1,459.2m) and by the end of September 2011 KBA had only achieved around 60% of its sales target. The company equates this result to low demand in the second half of the year and shipment delays in the last quarter.

According to the manufacturer’s December financial report, sheetfed offset sales growth is being driven by Asia, Latin America, eastern Europe and Turkey. It also found that digital print has had more of an impact on its small format sheetfed sales, than web offset.

KBA reported its global orders for newspaper presses in 2011 fell over a third when compared to the prior year, yet demand for commercial presses was marginally higher for the same period.

The official KBA figures for 2011 will be released on 30 March.

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