EQS-News

KSB continues the positive trend of the previous year in the first quarter of 2024 - Seite 2

 

KSB increased its sales revenue by 3.8 % to € 693 million in the first three months. With growth of 8.5 % to € 94 million, the Valves Segment achieved the strongest increase. In the KSB SupremeServ Segment, the company grew its sales revenue to € 232 million (+ 5.4 %), while the Pumps Segment recorded a sales increase of 1.6 % to € 367 million.

 

KSB increased its EBIT in the first quarter by 7.1 % to € 48.4 million (previous year: € 45.2 million). This corresponds to an EBIT margin of 7.0 % compared with 6.8 % in the same prior-year period. While KSB SupremeServ increased its EBIT by 7.7 % (€ 43.1 million), the Valves Segment improved its EBIT to an almost break-even level (€ – 0.1 million) compared with the previous year. With an EBIT of € 5.4 million, the Pumps Segment was not quite able to match its previous year’s figure of € 8.3 million.

 

Dr Stephan Timmermann, Chairman of the Board, explained: “As regards the economic situation, the overall picture is characterised by global political unrest, continued weak demand in Europe and the slowing economy in China. As a result, the tailwind that we were hoping for from an economic recovery failed to materialise in the first quarter of 2024. We are therefore even more pleased that we succeeded in further improving the Group’s performance thanks to our broad product range and our global positioning.”

 

KSB has confirmed the forecast published at the beginning of the year for the 2024 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 16,000, the KSB Group generated sales revenue of approximately € 2.8 billion in 2023.

 

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25.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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