KBA Releases Positive Figures for the First Half-Year

Prognosis reaffirmed despite unsettled economic climate
Notwithstanding widespread anxiety among customers as a result of the euro crisis, slack demand caused by the recession in southern Europe, weaker growth in other markets and the current somewhat unsettled economic and political situation, the management board is confident that the targets set for 2012 can be achieved. These include a single-digit percentage increase in group sales to over €1.2bn and an improvement in pre-tax earnings (EBT) to a figure in the low double-digit million euros. The management board’s projections are based on the premise that the recently expanded cost-cutting initiatives can be implemented as planned and that the economy does not suddenly take a turn for the worse, negatively impacting on the investment climate in the print industry.