KBA Halves Loss with Spike in Press Orders

WÜRZBURG, GERMANY—08/13/10—Following the release of preliminary figures on July 20, which revealed a perceptible upswing in the print media industry and a year-on-year increase in new orders of almost 39%, German press manufacturer Koenig & Bauer AG (KBA) has now fleshed out the details in its half-yearly report. Compared to the same period last year, group sales were up 4.5% to €473.2 million and the pre-tax loss was slashed from €47.4 million to €22 million, €21.3 million of which originated in the first quarter when sales were still weak.