Brief: KSB posts Q1 sales of 506.4 million euros
29/04/2016 08:13
April 29 (Reuters) - KSB AG KSBG.DE :
* Despite weak start in Q1, an increase in order intake is
still expected for full year, thanks to anticipated major orders
* Consolidated sales revenue in first three months decreased
compared with prior-year quarter by 1.8 percent to 506.4 million
euros ($577.65 million)
* Sees FY 2016 sales revenue previously announced to
decline
* In Q1, KSB significantly increased its consolidated
earnings year on year, which is primarily attributable to
cost-cutting measures already implemented in 2015
Source text - http://bit.ly/1XXG79b
Further company coverage: KSBG.DE
($1 = 0.8767 euros)
(Gdynia Newsroom)
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