KBA Profits from Strong Standing in Niche Markets
However, the group is unlikely to achieve the anticipated modest improvement on prior-year pre-tax earnings of €15.3m. This is because the additional charge for capacity cuts at the group’s web press plants was higher than expected, and the perceptible market slowdown has led to a reassessment of certain items in the accounts.
In view of the challenging business environment and uncertainty concerning investment in print prior to the Drupa trade fair next May, management is issuing no detailed projections for sales and earnings in 2012 until March next year.
The financial statements can be downloaded as a PDF file.