EQS-News

KSB closes the 2023 financial year with record performance

EQS-News: 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.