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KSB KSB SE & Co KgaA News Story

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Germany's KSB Q1 orders rise 15%, sales revenue up 0.4%

Overview

Germany pump and valve maker's Q1 order intake rose 15% yr/yr, driven by Energy Market order

Q1 sales revenue grew 0.4% amid geopolitical turbulence and challenging environment

Q1 EBIT declined to €39.8 mln, impacted by SAP migration costs and external headwinds

Outlook

KSB says global economic headwinds and conflict in Iran are intensifying challenges

Company maintains confidence in meeting full-year forecast despite challenging environment

KSB continues to focus on strengths and prudent management in near-term outlook

Result Drivers

ENERGY MARKET ORDER - Major order for a power plant in Eastern Europe drove sharp increase in Q1 order intake in the Energy Market

GEOPOLITICAL TURBULENCE - Co said sales revenue and EBIT were impacted by geopolitical turbulences, including the conflict in Iran

SAP MIGRATION COSTS - Ongoing external costs for migration to SAP S/4HANA continued to weigh on EBIT

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EBITEUR 39.80 mln
Q1 OrdersEUR 1.01 bln
Analyst Coverage The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 25% above its May 4 closing price of €1,000.00 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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