Brief: KSB anticipates a significant rise in order intake for 2017
30/03/2017 09:08
March 30 (Reuters) - KSB AG KSBG.DE
* Company anticipates a significant rise in order intake for
2017
* Order intake in the first two months rose by 23.9 pct over
the previous year, to 389.5 million euros ($418.13 million)
* In 2016 order intake was 2,156.6 million euros
* Sales revenue, which amounted to 2,165.7 million euros
last year, is expected to remain more or less stable year on
year
* KSB Aktiengesellschaft is intended to be converted into a
partnership limited by shares Kommanditgesellschaft
* In 2017 earnings before income taxes (EBT) to improve
substantially compared with previous year's figure of 74.6
million euros
* Improvement in earnings is planned to be supported by the
positive effects from the efficiency enhancement programme,
which aims at reducing the material, staff and overhead costs by
200 million euros by 2018
Source text for Eikon: ID:nNDL5gTqhM
Further company coverage: KSBG.DE
($1 = 0.9315 euros)
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