Group sales rose 10.4% to 435.6m (euro 685.8m) in the first six months, but net income fell 26.2% to 5.9m.
Sales in the sheetfed sector rose 13.7% to 223.8m, while sales of web presses were up 7.1% to 211.8m.
But the groups order intake for the period was down 26.6%, while the order intake for web presses fell 43.5%.
KBA president Reinhart Siewert did not expect the newspaper and commercial print markets to improve until 2003.
Story by John Davies
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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration.
We are all still left unable to claim the redundancy and notice pay owed..."
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