KBA has released its financial results for the second quarter and first half of this year, which show an order intake of €352.5m in Q2 and half-year revenue of €553.9m, which is 30% above last year’s figure.
There’s even better news for KBA as the figures for Q2 only cover around a third of the orders from Drupa. This includes KBA’s largest segment, Sheetfed, took in orders in the triple-digit million euro range. The remaining orders will be added to the second half figures so that the company is feeling upbeat about the end of year figures.
Meanwhile, orders for the first half of the year were €618.8m, up by 1.9% over the previous year. Revenue increased over the same period by 29.7% to €553.9m and order backlog rose 7% to €639.8m.
The Digital & Web segment saw €66m order intake, similar to last year, but revenue rose by over 75% to €64.5m partly due to digital presses for the decor and corrugated markets. Overall the segment lost –€0.9m, a significant improvement on last year’s loss of –€8.9m
Meanwhile, KBA’s Special segment saw its order intake rise by 47.7% to €294m year-on-year, mainly due to increased demand for security, metal, coding, flexible packaging and direct glass decorating. Revenue was also up 37.7% to €233.9m compared to the previous year and profit rose to €20.1m in the second quarter.
The company has slightly increased its exports to 86.1%. Of this, 28.4% of deliveries went to other parts of Europe, 14.1% to North America, 30.4% to the region Asia and the Pacific and 13.2% went to Latin America and Africa.
Overall, the earnings before taxes for the first half were up from a loss last year of €-10.8m to a profit of €17.8m, while net profit rose from a loss of €-9.3m to a profit of €17.2m. Clearly this, together with the high order backlog leaves KBA in a very good position, prompting Claus Bolza-Schünemann, president and CEO of KBA, to say: “This is a solid buffer for the second half-year and gives us ample security to raise our targets for 2016 despite existing economic and political turbulence. We now expect an EBT margin of around 4% with group revenue between €1.1 and €1.2bn.”
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