Koenig & Bauer AG Reports Good Start to the 2011 Business Year
Forecast for 2011 unchanged
Notwithstanding the economic and political repercussions of events in North Africa and Japan, KBA management stands by the projections made at the end of March. Staff at KBA’s Frankenthal plant have been on strike since 5 May following the breakdown of talks on further capacity adjustments at the group’s web press factories, in line with diminished market prospects.
According to KBA president and CEO Helge Hansen, a protracted industrial dispute could present a challenge. He said: “The management board is making every effort to resume the constructive dialogue with employee representatives, and we are hopeful that we shall soon be able to reach a compromise that is acceptable to both sides. In view of our broad product portfolio, 40 percent bigger order backlog and revitalised service and niche activities, we are confident of achieving a small increase in group sales and a modest improvement in the pre-tax result over 2010.”
The financial statements can be downloaded as a PDF file.