KBA sheetfed press orders on the increase

摘要

Despite the current global economic gloom KBA is recording an increase in new orders for sheetfed presses, the news brightening KBA shareholders attending their annual general meeting.rnThe meeting was told the revival in the sheetfed business swelled the KBA order backlog at the end of May to €557.1m, up by 10 per cent on the same figure last year of €500.8m.rnHelge Hansen, KBA president and CEO, delivering his address at the AGM outlined the cost benefits emerging from the company's reorganisation. He said that with no bank debts, liquidity remains good. He added, "At present we have no net bank debts. On the contrary, in recent months, we have improved our net financial position to a good €36mi and our operative cash flow is positive. At the end of March our equity ratio stood at 33.9 per cent, well above the norm for the engineering sector.