Brief: KSB 9-month sales revenue down 5.7 pct at 1.6 bln euros
10/11/2016 08:11
Nov 10 (Reuters) - KSB AG KSBG.DE :
* Consolidated sales revenue fell by 5.7 pct to 1,590.7
million euros over period from January to September 2016
* Order intake fell by 5.7 pct over first three quarters of
year to 1,595.0 million euros
* Sales revenue in 2016 will be lower than in 2015
* Shortfall in incoming orders compared with previous year,
substantially due to a lack of and delays in project orders,
looks unlikely to be offset by end of year
* From current perspective, order intake will decrease by a
low single-digit percentage figure compared with previous year
* Negative currency effects are having a significant impact
on group's incoming orders, sales revenue and earnings
Source text for Eikon: ID:nNDL8KzLzX
Further company coverage: KSBG.DE
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))