Germany's KSB Q2 sales revenue rises on strength in pump segment
Germany's KSB Q2 sales revenue rises on strength in pump segment
Overview
Germany pump and valve maker's Q2 sales revenue grew 0.5% yr/yr to €760 mln
First-half EBIT declined yr/yr, mainly due to lower earnings in Pumps Segment
Company cited global disruptions and weak markets as factors impacting performance
Outlook
KSB expects cost measures to impact earnings in the second half of 2026
Company remains confident of meeting full-year forecasts for three key indicators
KSB cites ongoing global disruption and weak Chinese, European markets as challenges
Result Drivers
SUPREMESERV SEGMENT - Strong order intake and higher EBIT in services and spare parts business contributed to Q2 results
MINING MARKET DEMAND - Pumps Segment benefited from 29.7% yr/yr sales revenue growth in Mining Market
PETROCHEMICALS/CHEMICALS WEAKNESS - Lower EBIT in Pumps Segment mainly due to weaker performance in Petrochemicals/Chemicals Market
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EBIT |
| EUR 98.40 mln |
|
H1 Orders |
| EUR 1.85 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for KSB SE & Co KGaA is €1,250.00, about 28.9% above its August 5 closing price of €970.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
Aug 5 - Italy's Interpump net profit rises in second quarter, shares up 4%
Aug 5 - Watts Water Q2 sales beat estimates on higher volumes, favorable price realization
Aug 5 - Mueller Water Q3 sales, profit beat estimates on higher prices, lower costs
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)