KBA Releases Positive Figures for the First Half-Year

Following a financial loss of €5.7m, pre-tax income rose to €7.9m in the first six months (2011:–€11m). Group results of €4.5m (2011: –€14.7) correspond to earnings per share of €0.27.

Solid financial results and cash flow
Despite larger inventories for upcoming deliveries, cash flows from operating activities more than doubled to €65.7m (2011: €32.3m) on the back of improved results, lower trade receivables and higher customer prepayments. After deducting payments for investments the free cash flow of €55.8m was significantly higher than in 2011 (€15.4m). Funds rose correspondingly to €205.2m. KBA’s net financial position reached a new high of €168.7m at the end of June. Liquidity-boosting active cash management underscores the strong financial standing of the world’s second-largest press manufacturer, as does equity totaling €473.7m and an equity ratio of 36.5 percent. There are also ample credit lines for expansion and other strategic options.