KBA Reports Jump in Press Orders
Prospects for 2011: moderate growth in sales and earnings
Assessing the prospects for 2011, KBA CEO Helge Hansen noted that the recent events in North Africa and Japan, the unresolved debt crisis in Europe, soaring prices for energy and raw materials and inflationary pressures in China have raised the level of risk to which exporters are exposed. Nonetheless he is confident that the upturn in Group sales and earnings over the past two years can be maintained in 2011.
Hansen said: “Last year’s growth rates were high partly because they followed exceptionally poor prior-year figures, and are therefore unlikely to be repeated on this scale. For 2011 we are targeting a moderate increase in sales and earnings, with both divisions contributing their share.”
In view of current market volatility, management is reserving further details for the first-quarter report in mid-May.
Source: financial release.