Recovery is in Sight for Keba

CompaniesTechnology ♦ Published: January 18, 2011; 00:22 ♦ (Vindobona)

The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.

Recovery is in Sight for Keba / Picture: © Keba

The automation specialist Keba was hard hit by sales drops due to last year’s economic crisis. In 2008-09, sales still stood at € 124m, but in 2009/10 they were significantly lower at € 104m. The industrial automation sector registered a decline of 50%; the declines in cash automation were less pronounced.

Through a major order for € 30m, as well as strong export growth,…