RCS - KSB SE & Co. KGaA - KSB sets new record in 2024

KSB SE & Co KgaAAnnouncement

27/03/2025 11:15

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RNS Number : 5021C  KSB SE & Co. KGaA  27 March 2025

KSB SE & Co. KGaA

2024 financial figures

 

KSB sets new record in 2024

 

·      Record figures for order intake, sales revenue and EBIT

·      Earnings (EBIT) increased to € 244.2 million with a margin of
8.2 %

·      Dividends increased

FRANKENTHAL: The pump and valve manufacturer KSB's order intake exceeded the
3 billion euro threshold for the first time in the 2024 financial year.
Sales revenue and earnings before finance income / expense and income tax
(EBIT) also significantly exceeded the previous year's levels.

 

KSB noticeably increased order intake by + 5.2 % to € 3,114 million in
the 2024 financial year. While the KSB SupremeServ Segment, which combines
the business with spare parts and support services, increased its order intake
by 5.8 % to € 1,048 million, the corresponding figure for the Pumps
Segment was up by 5.2 % at € 1,659 million. The Valves Segment also
contributed to this rise with growth of 3.8 % to € 407 million.

 

KSB increased sales revenue in the 2024 financial year by + 5.2 % to
€ 2,965 million. The strongest growth in percentage terms came from the
Valves Segment, which increased sales revenue by 10.3 % to € 399 million.
The KSB SupremeServ Segment's sales revenue was up by 7.6 % at € 1,016
million. The Pumps Segment reported a sales revenue increase of 2.4 % to
€ 1,551 million.

 

The growth in order intake and sales revenue was largely achieved outside
Europe. KSB raised order intake and sales revenue in the regions outside
Europe by 7.4 % and 8.5 % respectively compared with the previous year. In
Europe, order intake was up by 2.8 % and sales revenue by 1.9 %.

 

KSB significantly increased earnings before finance income / expense and
income tax by 9.1 % to € 244.2 million - even after recognising the
external transformation costs of € 15.4 million for the introduction of SAP
S/4HANA. The EBIT margin rose from 7.9 % to 8.2 % compared with the previous
year. The KSB SupremeServ Segment in particular contributed to this with
growth of 14.2 % to € 204.5 million. The Valves Segment achieved EBIT
growth of € 6.7 million to € -0.8 million. On the other hand, the Pumps
Segment reported a decline in EBIT of € 11.8 million to € 40.5 million.
This drop is attributable in particular to the recognition of a high
proportion of external costs for the new company software and to the economic
slowdown in the General Industry and Building Services pump markets.

 

"The many changes in the world order have once again presented us with
challenges. The fragile global political situation has led to uncertainty and
distortions in key markets. High energy prices and growing bureaucracy are
complicating the conditions in Germany," was how Dr Stephan Timmermann, CEO,
summed up the financial year. "We've steered the ship successfully through
rough seas and set a new all-time high: 2024 was a record year for KSB."

 

The KSB shareholders are expected to benefit from the superb earnings to a
particular extent. The Management of the SDAX-listed Group will propose to the
Annual General Meeting the distribution of a dividend of € 26.50 per
ordinary share and € 26.76 per preference share.

 

KSB increased its investment volume to € 170.3 million in the 2024
financial year. Europe accounted for most of this, followed by Asia / Pacific
and the Americas. KSB's investment has been primarily in the modernisation and
capacity expansion of its plants, but also in digitalisation and
sustainability.

 

The manufacturer of pumps and valves pays particular attention to the
satisfaction of its employees. 91 % of the workforce took part in the
global employee survey in the financial year. The resulting engagement index
of 77 % is not only a significant increase on previous surveys, but is also
above average for the mechanical engineering industry and global companies.

 

Looking ahead to the new financial year, the CEO said: "The start of 2025 in
particular has been characterised by turbulent political and economic
conditions, the effects of which are difficult to assess at present. Despite
these complex circumstances, this year we are also aiming to further improve
the key performance indicators of order intake, sales revenue and EBIT,"
continued Stephan Timmermann, stressing KSB's confidence and ambition.

 

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 16,400, the KSB Group generated sales revenue of
approximately € 3 billion in 2024.

 27.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group.

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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
 Indices:      SDAX
 Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated
               Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  2107494

 

 End of News  EQS News Service

 

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