RCS - KSB SE & Co. KGaA - KSB with record performance

KSB SE & Co KgaAAnnouncement

26/03/2024 11:00

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RNS Number : 3282I  KSB SE & Co. KGaA  26 March 2024

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

KSB closes the 2023 financial year with record performance

26.03.2024 / 10:10 CET/CEST

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

KSB closes the 2023 financial year

with record performance

 ·      Order intake, sales revenue and earnings at record level

 ·      EBIT margin increased to 7.9 %

 ·      Dividend proposal of € 26.00 per ordinary share

 FRANKENTHAL: Frankenthal-based pump and valve manufacturer KSB closed the 2023
 financial year with record figures for order intake and sales revenue. The
 EBIT margin (earnings before finance income / expense and income tax) of
 7.9 % reached the level originally targeted for 2025.

 In the 2023 financial year, KSB significantly increased order intake by
 + 3.4 % to € 2,960 million. Order intake increased by 9.1 % to
 € 393 million in the Valves Segment and by 8.0 % to € 990 million in
 the KSB SupremeServ Segment. In the Pumps Segment, order intake of
 € 1,577 million stagnated almost at the previous year's level.

 KSB increased sales revenue by + 9.5 % to € 2,819 million in the 2023
 financial year. Sales revenue rose by 11.0 % to € 944 million in the KSB
 SupremeServ Segment, while the Pumps Segment recorded an increase of 8.9 % to
 € + 1,514 million. The Valves Segment enjoyed a similar growth rate of
 8.5 % to € 361 million.

 The increase in the EBIT margin to 7.9 % was defined in particular by the
 growth in sales revenue and margin strength in the KSB SupremeServ Segment,
 which combines the business with spare parts and support services. KSB has
 significantly improved earnings before finance income / expense and income
 tax by 32.4 % to € 223.9 million. The KSB SupremeServ Segment made a
 significant contribution with growth of 22.7 % to € 179 million. EBIT in
 the Pumps Segment rose by 88.7 % to € 52 million. The Valves Segment
 posted EBIT of € - 7.5 million due to project provisions.

 KSB stepped up its global investments in the 2023 financial year from
 € 120 million in 2022 to € 136 million. The focus was on productivity
 enhancement, capacity expansion, digitalisation and sustainability. KSB
 invested the most in Europe, followed by Asia and America.

 Addressing the significant increase in the financial indicators, Dr Stephan
 Timmermann, CEO, said: "The 2023 financial year was defined by continued
 geopolitical unrest and inflation-related uncertainty. We have tackled the
 many challenges with confidence and have not only kept the company on a stable
 course, but also enabled it to advance." In its Mission TEN30 corporate
 strategy adopted in the financial year, KSB has set out numerous goals and
 measures to generate a double-digit return on sales by 2030.

 KSB expects the geopolitical tensions, which the company cannot evade
 entirely, to continue in the 2024 financial year. Stephan Timmermann
 emphasised: "KSB is well diversified and resilient. We are confident that we
 will continue to develop the company successfully in the 2024 financial year,
 too.

 The KSB shareholders are to participate to a particular extent in the record
 performance achieved for the 2023 financial year. The Board of Management and
 the Supervisory Board will propose to the Annual General Meeting on 8 May
 2024 to distribute a dividend of € 26.00 per ordinary share and € 26.26
 per preference share. The KSB shares have been traded in the SDAX since
 December 2023 and in the Prime Standard since February 2024, thus making them
 available to a broader, international investor base.

 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 16,000, the KSB Group generated sales revenue of
 € 2.8 billion in 2023.

26.03.2024 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.

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 Financial/Corporate News and Press Releases.

Archive at 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
 Indices:      SDAX
 Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated
               Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  1867491

 

 End of News  EQS News Service

1867491  26.03.2024 CET/CEST

 

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