KSB Group confirms growth trend

Between Jan­u­ary and Sep­tem­ber 2017, KSB received orders totalling € 1,717.0 mil­lion and thus € 122 mil­lion or 7.6 % more than in the com­par­a­tive pri­or-year peri­od. As the com­pa­ny out­lined in its inter­im report pub­lished today, this growth is based pri­mar­i­ly on the pos­i­tive devel­op­ment in its non-Euro­pean com­pa­nies. The strongest growth was report­ed by the pump and valve man­u­fac­tur­er for orders in the water and waste water busi­ness, as well as in indus­try and min­ing. Con­sol­i­dat­ed sales rev­enue in the report­ing peri­od, with an increase of € 33.6 mil­lion (+ 2.1 %) to € 1,624.3, lagged behind order intake. The rea­son was a weak­er devel­op­ment of the project busi­ness in pre­vi­ous years, which led to a short­er pipeline of major orders to be com­plet­ed dur­ing the report­ing peri­od. KSB also stat­ed that con­sol­i­dat­ed earn­ings before income tax­es “increased sig­nif­i­cant­ly” com­pared with the same peri­od of the pre­vi­ous year. This is also in line with the fore­cast for the full year. In the cur­rent year, the KSB Super­vi­so­ry Board appoint­ed three new mem­bers to the Board of Man­age­ment: Dr Matthias Schmitz, Ralf Kan­nefass and Dr Stephan Bross. Next week, Dr Stephan Tim­mer­mann will join the com­pa­ny as the new Chair­man of the Board of Management.