EQS-News

KSB continues the positive trend of the previous year in the first quarter of 2024

EQS-News: KSB SE & Co. KGaA / Key word(s): Quarterly / Interim Statement KSB continues the positive trend of the previous year in the first quarter of 2024 25.04.2024 / 09:09 CET/CEST The issuer is solely responsible for the content of this announcement. KSB continues the positive trend of the previous year in the first quarter of 2024

 

• Strong order intake in the first quarter 
• Increase in sales revenue and earnings (EBIT)
• KSB SupremeServ continues to drive this development

 

 

FRANKENTHAL: The Frankenthal-based pump and valve manufacturer KSB is continuing the positive development of the 2023 financial year in the first quarter of 2024. The key performance indicators order intake, sales revenue, earnings before finance income / expense and income tax (EBIT) and EBIT margin are all up on the comparative prior-year quarter.

 

In the first quarter of the 2024 financial year, KSB increased its order intake by 0.4 % to € 863 million. The strongest increase of 8.0 % to € 283 million was achieved by the KSB SupremeServ Segment. The Valves Segment improved its order intake by 6.0 % to € 127 million. This growth contrasted with a drop in orders in the Pumps Segment of – 5.1 % to € 453 million. Owing to some larger individual orders in the first three months of 2024, the Energy Market Area recorded an increase in orders of 59.4 % (+ € 32 million). The Mining Market Area continued its strong performance, despite a lower order intake (– 56.2 % / – € 27 million) in the current quarter, which compares with major orders booked in the same prior-year period. In the Standard Markets, KSB is expecting a positive trend for this financial year – even though the order intake is lower at € 346 million (previous year: € 376 million), which is attributable to having received more major orders in the Water Market Area in the comparative prior-year period.