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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
2024-04-25 / 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 EUR 863 million. The
strongest increase of 8.0 % to EUR 283 million was achieved by the KSB SupremeServ Segment. The Valves Segment improved
its order intake by 6.0 % to EUR 127 million. This growth contrasted with a drop in orders in the Pumps Segment of
- 5.1 % to EUR 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 % (+ EUR 32 million). The Mining Market Area continued its strong
performance, despite a lower order intake (- 56.2 % / - EUR 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 EUR 346 million (previous year: EUR 376 million), which is
attributable to having received more major orders in the Water Market Area in the comparative prior-year period.

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

KSB increased its EBIT in the first quarter by 7.1 % to EUR 48.4 million (previous year: EUR 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 % (EUR 43.1 million), the Valves Segment improved its EBIT to an almost break-even level
(EUR - 0.1 million) compared with the previous year. With an EBIT of EUR 5.4 million, the Pumps Segment was not quite able
to match its previous year's figure of EUR 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 EUR 2.8 billion in 2023.

2024-04-25 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.eqs-news.com  
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: 1888971

End of News EQS News Service
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1888971 2024-04-25 CET/CEST

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END) Dow Jones Newswires

April 25, 2024 03:09 ET (07:09 GMT)