RCS - KSB SE & Co. KGaA - KSB continues its successful course

KSB SE & Co KgaAAnnouncement

23/03/2023 13:15

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RNS Number : 0384U  KSB SE & Co. KGaA  23 March 2023

KSB SE & Co. KGaA / Key word(s): Annual Report

KSB SE & Co. KGaA: KSB continues its successful course in the 2022
financial year

23.03.2023 / 12:22 CET/CEST

The issuer is solely responsible for the content of this announcement.

 

KSB continues its successful course

in the 2022 financial year

 

·      Significant increase in order intake and sales revenue

·      Return on earnings (EBIT) increased to 6.6 %

·      Strategic orientation embedded in organisation

 

FRANKENTHAL: The Frankenthal-based pump and valve manufacturer KSB continues
on its growth course despite numerous challenges in the 2022 financial year.
With order intake of € 2,862 million (+ 18.7 %) and a sales revenue of
€ 2,573 million (+ 9.8 %), the company achieved its highest ever figures
for order intake and sales revenue. The EBIT margin was increased to 6.6 %
(€ 169 million) - the best result in over 10 years.

 

The KSB shareholders are benefiting from the outstanding performance to a
particular extent. The Management will propose to the Annual General Meeting
to distribute a dividend of € 19.50 per ordinary share and € 19.76 per
preference share.

 

The Russian war of aggression against Ukraine, the COVID-19 pandemic, a cyber
attack and hail damage in France all presented the company with major
challenges. "In addition to production stoppages, we experienced massive cost
increases and unpredictable disruptions in the logistics chains," reports CEO
Dr Stephan Timmermann. "In a special team effort, KSB tackled and overcame
these adversities and constraints and achieved excellent performance."

 

The significant increase in order intake is due to major orders in the Energy
and Water Market Areas, as well as strong demand in the standard business. The
largest Segment, Pumps, contributed € 1,586 million (+ 21.3 %) to order
intake. The Valves Segment achieved an order intake of € 360 million
(+ 6.3 %). With the service and spare parts business, KSB SupremeServ
increased its order intake significantly by + 19.7 % to € 917 million.
The largest percentage growth was recorded in the Regions Asia / Pacific
(+ 29.9 %) and Americas (+ 29.5 %).

 

Sales revenue rose considerably in the second half of the year. It amounted to
€ 1,390 million (+ 9.4 %) in the Pumps Segment in the financial year.
The Valves Segment recorded sales revenue of € 333 million (+ 9.0 %) and
KSB SupremeServ € 850 million (+ 10.9 %). The Mining, General Industry
and Water Market Areas contributed most to the growth in sales revenue. The
largest percentage increase in sales revenue was recorded in the Regions
Americas (+ 32.2 %) and Asia / Pacific (+ 16.0 %).

 

The corporate strategy, which was further embedded in the organisation during
the financial year, is aimed at additional potential for growth in the Pumps,
Valves and KSB SupremeServ Segments. The focus is on digitalisation and the
expansion of the service and spare parts business, among other things. In
addition, KSB is consistently pursuing its nine sustainability goals. The
increased use of renewable energies such as green electricity plays just as
important a role as employee satisfaction. In the global employee survey in
autumn 2022, the company achieved a significant increase in its engagement
score compared with the last survey in 2019 and is thus above the average for
the German mechanical engineering industry for the first time.

 

KSB invested around € 122 million in sustainability, capacity expansion,
digitalisation and productivity improvements in the 2022 financial year. A
large part of the investments is in the European locations. Investments are
due to be further increased in 2023.

 

"KSB's excellent development is undoubtedly a success of all our employees, of
which we can be proud," says Stephan Timmermann. "No doubt 2023 also has many
challenges in store for us. We are confident that we will nevertheless
continue to increase order intake and sales revenue as well as profitability.
The key to this is the consistent implement-tation of our corporate strategy."

 

 

KSB is a leading international manufacturer of pumps and valves. The
Frankenthal-based Group has a presence on five continents with its own sales
and marketing organisations, manufacturing facilities and service operations.
With a workforce of around 15,700, the KSB Group generated sales revenue of
€ 2.6 billion in 2022.

 

23.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
- a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com (http://www.eqs-news.com)

 

 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:  1590623

 

 End of News  EQS News Service

1590623  23.03.2023 CET/CEST

 

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