RCS - KSB SE & Co. KGaA - Provisional figures for 2024

KSB SE & Co KgaAAnnouncement

30/01/2025 10:15

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RNS Number : 2827V  KSB SE & Co. KGaA  30 January 2025

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

KSB Group: Provisional figures for 2024

30.01.2025

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

Provisional figures for 2024

 Another record year for KSB

 ·      Order intake rises by 5.2 % to € 3.1 billion.

 ·      Sales revenue increases by 5.2 % to almost € 3.0 billion.

 ·      EBIT (earnings before finance income / expense and taxes) at the
 upper end of the forecast

 FRANKENTHAL: In the 2024 financial year, the pump and valve manufacturer KSB
 significantly improved the provisional key financial figures for order intake,
 sales revenue and earnings before finance income / expense and income tax
 (EBIT) over the same period of the previous year. "Given the economic
 situation in Europe that remains difficult and the global political tensions,
 we are very pleased with the 2024 financial year. The fourth quarter's
 contribution, in particular, helped 2024 become the most successful year in
 KSB's history to date", affirmed CEO Dr Stephan Timmermann.

 In the period from January to December 2024, KSB increased its order
 intake by 5.2 % to € 3,114 million (previous year: € 2,960 million),
 with the fourth quarter of 2024 accounting for € 730 million (+ 15.8 %)
 thereof. With a strong spare parts business especially in the Energy
 (+ 11.7 %) and General Industry (+ 8.7 %) Market Areas, the
 KSB SupremeServ Segment achieved the largest increase, growing by 5.8 % to
 € 1,048 million (previous year: € 990 million). The Pumps Segment
 increased its order intake by 5.2 % to € 1,659 million (previous year:
 € 1,576 million). This growth is mainly attributable to major orders in
 the Energy Market Area (+ 15.8 % to € 232 million) and in the Water
 Market Area (+ 13.7 % to € 494 million). Order intake for new pumps in
 the Mining Market Area fell by 19.2 % to € 91 million as compared with the
 prior-year period that benefited from major orders received. The Valves
 Segment increased its order intake by 3.8 % to € 407 million (previous
 year: € 393 million). This was driven mainly by orders in the
 petrochemical / chemical business (+ 35.3 %).

 Outside of Europe, KSB increased the order intake by 7.4 %. Growth in Europe
 amounted to 2.8 %.

 KSB increased its sales revenue in 2024 by 5.2 % to € 2,965 million
 (previous year: € 2,819 million), with the fourth quarter of 2024
 accounting for € 794 million (+ 12.6 %) thereof. The Valves Segment
 achieved the strongest growth, increasing sales revenue by 10.3 % or € 37
 million to € 399 million. The KSB SupremeServ Segment increased its sales
 revenue by 7.6 % to € 1,016 million (previous year: € 944 million).
 This growth was especially supported by strong demand for spare parts from the
 Energy Market Area (+ 32.7 %). The Pumps Segment increased its sales revenue
 with new pumps by 2.4 % to € 1,551 million (previous year: € 1,514
 million). The growth is attributable, in particular, to the
 Petrochemicals / Chemicals (+ 19.8 %) and Energy (+ 12.8 %) Market
 Areas. In contrast, sales revenue stagnated at € 405 million in the
 General Industry Market Area, which focuses primarily on the standard
 business. This was due to the weak economy, especially in Central Europe. The
 Water Market Area ended the year 2024 with sales revenue of € 441 million,
 down slightly year-on-year.

 KSB increased sales revenue outside of Europe by 8.5 %. This compares with
 growth of 1.9 % in Europe.

 The company expects EBIT at the upper end of the forecast corridor of
 € 210 million to € 245 million set for the 2024 financial year. KSB will
 present the final business figures for 2024 on 27 March 2025.

 KSB aims to increase the key indicators of order intake, sales revenue and
 EBIT in the 2025 financial year compared with 2024.

 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.

30.01.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group.

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

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 Financial/Corporate News and Press Releases.
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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

 

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