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

KSB SE & Co KgaAAnnouncement

27/01/2021 15:15

RNS Number : 0967N
  
KSB SE & Co. KGaA
  
27 January 2021
  
 

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: EBIT for the 2020 financial year higher than projected



FRANKENTHAL: A very strong December helped the KSB Group generate sales revenue and EBIT that exceeded the projections published on 15 December 2020, while order intake was slightly lower than predicted.



Based on the preliminary figures for the 2020 financial year, order intake amounts to € 2,143 million, 12.6 % down on the previous year. At € 2,208 million, preliminary sales revenue is 7.3 % lower than in the previous year. KSB expects EBIT to range between € 67 million and € 71 million (previous year: € 113.6 million). This already includes special factors such as impairment losses on goodwill in the preliminary amount of € 11 million.
The full report on the 2020 financial year is scheduled to be published on 25 March 2021.






Contact:

Dr. Matthias Schmitz

Member of the Executive Board



End of ad hoc announcement

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