KSB Board of Management rings opening bell
This year marks the 120th anniversary of the listing of KSB AG shares on the Frankfurt Stock Exchange. To celebrate the occasion, KSB's two Board of Management members, Dr. Peter Buthmann and Werner Stegmüller, rang the bell on 30 July to signal the start of trading.
KSB shares have been listed on the stock exchange since 1895. In the intervening years, the Group has experienced both glorious and challenging times, as the two BoM members recalled. “However, we have proved that we can always find our way back to success,” Werner Stegmüller emphasised. Underlining the Group’s future viability, Dr. Peter Buthmann said that innovative high-quality products ensured that KSB was and would continue to be a “trendsetter” and was well-prepared to meet the demands of “Industry 4.0”.
Founded in Frankenthal (Pfalz) in 1871, KSB today is a leading international manufacturer of pumps and valves, with sales revenue of about € 2.2 billion. The Group employs more than 16,000 people. Its ordinary and preference shares are currently listed on the General Standard segment of the Frankfurt Stock Exchange. About 80 percent of the ordinary shares are held, through Klein Pumpen GmbH, by the non-profit KSB-Stiftung [KSB Foundation].