KBA Group presses ahead with realignment
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--- Heterogeneous development within press market continues --- New group structure to be presented at AGM 2015 --- No dividend for 2013 --- 2014: Similar sales to prior year and better earnings --- First fruits seen in 2015 – sustained earnings in 2016
In his speech at this year's annual general meeting, Koenig & Bauer (KBA) president and CEO Claus Bolza-Schünemann mainly reported on the measures, goals and current status of the Fit@All programme for the restructuring of the group started at the beginning of the year. He also spoke about the group's financial statements for 2013 and the figures for the first quarter of 2014. Claus Bolza-Schünemann: "Strengthening KBA's lasting profitability and competitiveness are the focus and goals of Fit@All. It is clear that we must sustainably restructure our core business with web and sheetfed offset presses as well as realign capacities to new market conditions. The expansion of new growth areas is also a key aspect of our programme. We are convinced that we will be able to harvest the fruits of our realignment in 2015 and that the group will return to sustainable profitability by 2016 at the latest."
Source: kba.com
