RCS - KSB SE & Co. KGaA - Adjustment of sales and earnings foreast 2020

KSB SE & Co KgaAAnnouncement

15/12/2020 14:50

RNS Number : 7441I
  
KSB SE & Co. KGaA
  
15 December 2020
  
 




KSB SE & Co. KGaA / Key word(s): Change in Forecast

KSB SE & Co. KGaA: Adjustment of sales and earnings foreast 2020



15-Dec-2020

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.
 
KSB SE & Co. KGaA updates outlook for 2020 financial year



FRANKENTHAL: On 9 April 2020 KSB SE & Co. KGaA had withdrawn the outlook for the 2020 financial year included in the 2019 Annual Report. Owing to the major uncertainties over the extent of the adverse effects in connection with the COVID-19 pandemic, no new forecast was given. Based on the preliminary figures for recent months and current information on the course of business in the fourth quarter, the Managing Directors of KSB SE & Co. KGaA today adopted a new forecast for the 2020 financial year.
The Managing Directors are expecting the financial figures for the 2020 financial year for the KSB Group to be in the following ranges:
Order intake: € 2,150 m. - € 2,200 m. (2019: € 2,454 m.)

Sales revenue: € 2,140 m. - € 2,200 m. (2019: € 2,383 m.)

EBIT before extraordinary items: € 65 m. - € 72 m. (2019: € 113.6 m.)
Ranges are provided because the COVID-19 pandemic is currently spreading more strongly again, and the impact of the associated contact and travel restrictions on the KSB Group's business operations continues to give rise to major uncertainties. In this context, the new forecast is also assuming that no serious official restrictions will be imposed in the current year.
This forecast does not include one-time expenses for impairments and structural measures.






Contact:

Dr. Matthias Schmitz

Member of the Executive Board



End of ad hoc announcement
 
15-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:


English




Company:


KSB SE & Co. KGaA








Johann-Klein-Strasse 9








67227 Frankenthal








Germany




Phone:


+49 6233 86-2020




Fax:


+49 6233 86-3435




Internet:


www.ksb.com




ISIN:


DE0006292030




WKN:


629203




Listed:


Regulated Market in Dusseldorf, Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange




EQS News ID:


1155341



 











End of Announcement


DGAP News Service





1155341  15-Dec-2020 CET/CEST
 

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