KBA books 15 million Euros net profit

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KBA says sales in the second quarter of 2017 were down, despite successes at three trade shows and expansion of its service business.

Forecasts of revenue of up to 1.25 billion Euros and an EBIT margin of around 6 per cent have been confirmed.

The German press maker - which celebrates its 200th anniversary this year - says orders at Print China, interpack and Metpack contributed to an increase for packaging solutions, metal decorating, marking and coding, and glass and hollow container printing.

Despite this growth and the expansion of service business, the order intake of 601.9 million Euros was slightly down on the previous year's figure, which had been spurred by major security press orders. Chief executive Claus Bolza-Schünemann says that despite group revenue dropping slightly, the order backlog remained high at 620.5 million Euros. EBIT came to 16.3 million Euros.

Chief financial officer Mathias Dähn group net profit of 15.2 million Euros was slightly down on the previous year's 17.2 million Euros: "In addition to the continued expansion of service business, profitable growth will be particularly driven by our existing and new solutions for printing, finishing and postpress processing of packaging as well as our industrial digital printing applications," he says.

Pictured: Autonomous printing via a KBA app for sheetfed users

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