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.

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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 EUR 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 EUR 2,960 million. Order intake increased by 9.1 % to EUR 393 million
in the Valves Segment and by 8.0 % to EUR 990 million in the KSB SupremeServ
Segment. In the Pumps Segment, order intake of EUR 1,577 million stagnated
almost at the previous year's level.

KSB increased sales revenue by + 9.5 % to EUR 2,819 million in the 2023
financial year. Sales revenue rose by 11.0 % to EUR 944 million in the KSB
SupremeServ Segment, while the Pumps Segment recorded an increase of 8.9 %
to EUR + 1,514 million. The Valves Segment enjoyed a similar growth rate of
8.5 % to EUR 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 EUR 223.9 million. The KSB SupremeServ Segment made a
significant contribution with growth of 22.7 % to EUR 179 million. EBIT in the
Pumps Segment rose by 88.7 % to EUR 52 million. The Valves Segment posted EBIT
of EUR - 7.5 million due to project provisions.

KSB stepped up its global investments in the 2023 financial year from EUR 120
million in 2022 to EUR 136 million. The focus was on productivity enhancement,
capacity expansion, digitalisation and sustainability. KSB invested the most
in Europe, followed by Asia and America.

Addressing the significant increase in the financial indicators, Dr Stephan
Timmermann, CEO, said: "The 2023 financial year was defined by continued
geopolitical unrest and inflation-related uncertainty. We have tackled the
many challenges with confidence and have not only kept the company on a
stable course, but also enabled it to advance." In its Mission TEN30
corporate strategy adopted in the financial year, KSB has set out numerous
goals and measures to generate a double-digit return on sales by 2030.

KSB expects the geopolitical tensions, which the company cannot evade
entirely, to continue in the 2024 financial year. Stephan Timmermann
emphasised: "KSB is well diversified and resilient. We are confident that we
will continue to develop the company successfully in the 2024 financial
year, too.

The KSB shareholders are to participate to a particular extent in the record
performance achieved for the 2023 financial year. The Board of Management
and the Supervisory Board will propose to the Annual General Meeting on 8
May 2024 to distribute a dividend of EUR 26.00 per ordinary share and EUR 26.26
per preference share. The KSB shares have been traded in the SDAX since
December 2023 and in the Prime Standard since February 2024, thus making
them available to a broader, international investor base.

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 EUR 2.8 billion in 2023.


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26.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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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
   EQS News ID:    1867491

End of News EQS News Service
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1867491 26.03.2024 CET/CEST