Record Figures at KSB's Annual General Meeting

EQS-News: KSB SE & Co. KGaA / Key word(s): AGM/EGM
Record Figures at KSB's Annual General Meeting

08.05.2024 / 16:55 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Annual General Meeting of KSB SE & Co. KGaA

Record Figures at KSB's Annual General Meeting

* Significant increase in order intake, sales revenue and earnings

* EUR 26.00 dividend per ordinary share

* Positive start to the 2024 financial year

FRANKENTHAL: In 2023, the Frankenthal-based pump and valve manufacturer KSB
achieved its highest ever order intake and sales revenue. At 7.9 %, the EBIT
margin exceeded its expectations for the financial year. At the Annual
General Meeting on 8 May, Dr Bernd Flohr, Chairman of the Supervisory Board,
expressed his satisfaction in view of the persistently difficult economic
conditions.

2023 financial year

KSB considerably increased both its order intake (by 3.4 % to EUR 2,960
million) and its sales revenue (by 9.5 % to EUR 2,819 million) in the past
financial year. The company significantly improved its earnings before
finance income / expense and income tax to EUR 223.9 million. The main drivers
for the increase in the EBIT margin (7.9 %) were the growth in sales revenue
and the high-margin KSB SupremeServ Segment. However, the tailwind that KSB
had hoped for from a possible easing of global political tensions and
inflation-related uncertainties did not materialise.

Investments

KSB invested around EUR 136 million in productivity improvements, capacity
expansion, digitalisation and sustainability during the 2023 financial year.
Europe accounted for most of this, followed by Asia and America. In April
2024, KSB announced one of the largest individual investments in its
history: Around EUR 60 million are earmarked for fundamentally modernising and
expanding the Frankenthal production plant for standardised Eta pumps by
2029.

KSB shares

KSB's shareholders are benefiting in particular from the successful
financial year and the EUR 177 million net profit for the year. They approved
a dividend increase to EUR 26.00 per ordinary share (previous year: EUR 19.50)
and EUR 26.26 per preference share (previous year: EUR 19.76). KSB's shares have
been traded on the SDAX since December 2023 and have been listed in the
Prime Standard since February 2024, drawing more attention to them from
international investors. "KSB's share price has tripled in the last three
years," said CEO Dr Stephan Timmermann. "We have not only gained in
importance on the financial markets but have also created substantial added
value for our shareholders."

Changes to the Supervisory Board

The employee representatives on the Supervisory Board were newly elected in
April 2024 following a legal challenge by employees to the previous year's
elections. René Klotz will take Jürgen Walther's place. All other members
were re-elected for a further term of office.

Corporate strategy and brand

KSB adopted its Mission TEN30 corporate strategy in the 2023 financial year.
The company aims to generate a double-digit return on sales by 2030 by
continuing to expand KSB SupremeServ, focusing on its standard business and
achieving clear cost awareness.

At the beginning of 2024, KSB repositioned its brand in view of its
sustained and positive corporate development. A new company logo and the
'Solutions. For Life.' brand claim are intended to convey the premium
brand's mission of offering holistic, customer-centric solutions catering to
people's needs.

The current financial year

In the first quarter of 2024, KSB continued its positive development and
increased its order intake, sales revenue and earnings compared with the
same prior-year quarter. The company expects the geopolitical tensions to
persist and investment and consumer behaviour to remain subdued during the
2024 financial year. Stephan Timmermann added, with a view to the global
situation: "2024 will be marked by important elections in our key markets.
In Europe, we are seeing the first signs of a possible upturn. The USA is
currently performing well, thanks to the Inflation Reduction Act, while in
China, the downturn is becoming more obvious. The inflation trend and its
effect on interest rates are causing uncertainty and a reluctance to invest.
The associated general economic conditions will affect our business, but our
solid market positioning and our global presence will enable us to meet the
challenges. We are confident that we will continue to develop the company
successfully, and to achieve our goals, in the 2024 financial year - just as
we have in the past."

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.


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08.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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:    1899095

End of News EQS News Service
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1899095 08.05.2024 CET/CEST