However, the figures show a marked improvement on losses of 12.6m in the same period in 2004. An operating profit of 800,000 was a further boost for KBA, after it posted a loss of 2.8m in the previous year.
According to KBA president and chief executive Albrecht Bolza-Schnemann the loss was due to "currency losses, higher prices for commodities and energy, below target sales and the additional cost of getting a new generation of sheetfed presses up and running".
Overall sales were up 29.2% year-on-year to 473.5m. Sales for web presses climbed the highest from 2004, up 42.4% to 236.9m and sheetfed sales were up 18.2% to 236.5m.
KBA aims to improve on its full year pre-tax profits in 2004 which were 10.8m.
Story by Philip Chadwick
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"Utilities, paper and ink but probably not transport, couriers, finisher’s for example"
"Bound to be, most likely those not key suppliers along with HMRC"
"And now watch for those reversion charges to come in thick and fast, for the slightest deviation from the mailing specification 😉😂"
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