Following the sale of SPI Energie in January and the sale of KSB Service Energie, STII and KSB Service Cotumer in June, KSB has completed the restructuring of its French service activities with the sale of its subsidiary EITB Sitelec, which specialises in the maintenance and repair of electrical equipment, to the Dalkia Group.
KSB has continued to feel the effects of the coronavirus pandemic in the 2020 financial year when compared with the previous year but reported a rising trend of sales revenue and earnings in the third quarter.
Following the sale of SPI Énergie in January, the German pumps and valves manufacturer KSB is continuing with the restructuring of its French service activities by selling three of its companies to the Orano group.
Frankenthal-based pump and valve manufacturer KSB presented a very positive picture of the 2019 financial year at its Annual General Meeting on 13 May 2020. Chaired by Dr Bernd Flohr, Chairman of the Supervisory Board, the Meeting was held virtually due to the coronavirus situation.
The measures currently in force to combat the coronavirus are having an impact on the economy worldwide as production facilities often lack urgently needed spare parts. KSB will help in case of emergencies and bottlenecks. To do so, the pump and valve manufacturer makes use of the reverse engineering process.
Pump and valve manufacturer KSB is very satisfied with the past 2019 financial year and continues on its growth path. Order intake rose by € 150.2 million to € 2,453.8 million and sales revenue by € 137.2 million to € 2,383.2 million.
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