RCS - KSB SE & Co. KGaA - Press release Q1 / 2023

KSB SE & Co KgaAAnnouncement

27/04/2023 11:00

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RNS Number : 6947X  KSB SE & Co. KGaA  27 April 2023

 KSB SE & Co. KGaA / Key word(s): Quarterly / Interim Statement

KSB SE & Co. KGaA: Press release Q1 / 2023

27.04.2023 / 09:03 CET/CEST

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

First quarter of 2023

 KSB is off to a successful start in the 2023

financial year

 ·      Order intake up 12.6 % on the previous year

 ·      Sales revenue up 19.7 % on the previous year

 ·      Positive outlook overall

 FRANKENTHAL: The pump and valve manufacturer KSB based in Frankenthal has
 started the new financial year with a significant increase in order intake and
 sales revenue. The excellent sales revenue performance led to a significant
 improvement in earnings (EBIT) compared with the same prior-year period.

 In the first quarter of 2023, KSB increased its order intake by 12.6 %
 (+ € 96.3 million) to € 859 million. The Pumps Segment and Valves
 Segment contributed 8.7 % and 22.3 % to this growth, respectively; KSB
 SupremeServ, which comprises the service and spare parts business, also grew
 considerably by 16 %. The Mining Market Area was particularly strong in terms
 of orders received, benefiting from the very high capacity utilisation levels
 of mines worldwide. The biggest growth came from the Region Asia, followed by
 the Region Americas. Growth in Europe and the Region Middle
 East / Africa / Russia tended to be moderate in percentage terms.

 Sales revenue increased significantly in the first quarter by 19.7 %
 (+ € 110 million) to € 668 million. In addition to the high level of
 orders on hand from the previous year, combined with a high output in the
 production plants worldwide, the spare parts business is a key driver for the
 increase in sales revenue. Thus, KSB SupremeServ contributed 23.0 % growth to
 the quarterly sales revenue, followed by the Pumps (+ 20.5 %) and Valves
 (+ 9.3 %) Segments. Almost all Regions recorded double-digit percentage
 growth in sales revenue.

 "We have achieved a strong start to the new financial year, which is
 particularly gratifying in view of the highly heterogeneous progress of the
 global economy", says Dr Stephan Timmermann, CEO. "At the same time we are
 witnessing an easing in the procurement markets both in terms of availability
 and price increases. All this makes us generally confident about the further
 course of the financial year."

 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.

27.04.2023 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.

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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
 Listed:       Regulated Market in Dusseldorf, Frankfurt (General Standard); Regulated
               Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  1618541

 

 End of News  EQS News Service

1618541  27.04.2023 CET/CEST

 

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