===
EQS-News: KSB SE & Co. KGaA / Key word(s): Annual Report
KSB closes the 2023 financial year with record performance
2024-03-26 / 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 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.



2024-03-26 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.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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: 1867491

End of News EQS News Service
===
1867491 2024-03-26 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1867491&application_name=news

END) Dow Jones Newswires

March 26, 2024 05:10 ET (09:10 GMT)