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KBA still struggling with 1st half results

Thursday, 18 August 2005
By Print 21 Online Article

The results represent an improvement on KBA’s loss of $29.7 million for the first half of 2004, with its operating profit also reaching just under $2 million during the second quarter.

KBA president and chief executive Albrecht Bolza-Schünemann attributes the loss to a number of factors, including “currency losses, higher prices for commodities and energy, below target sales and the additional cost of getting a new generation of sheetfed presses up and running.”

KBA experienced reasonably strong sales during the half year, with overall sales climbing 29.2 per cent from the previous year to reach $1,111 million. Sales for web presses enjoyed the highest rise from 2004, climbing 25.2 per cent to reach $614 million, while sheetfed sales were also up 12.3 per cent to reach $770 million.

KBA also emphasises that in spite of the absence of any major stimulus like last year’s Drupa trade fair, it achieved a 17.7 per cent increase in group order intake to $1385 million over the period, up from the 2004 figure of $1,176.9 million.

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