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KBA quarterly financial results

While demand in the export-intensive press engineering sector has stabilised at a low level since the summer, German manufacturer Koenig & Bauer AG (KBA) sees no sign as yet of a sustained recovery.
November 16, 2010

Demand for printing presses hasstabilised at a low level. Orders for sheetfed presses better thanexpected. Persistent soft demand for web and special presses. Salesand backlog on schedule, but down on prior-year. Consolidation andcost cutting measures well advanced. Pre-tax profit in third quarterbucks industry trend. Solid finances with no net debt. Managementstands by target of balanced result at year’s end. ...cont´d

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