KSB gets off to a good start in the new year
- Increase in order intake, sales revenue and EBIT
- Encouraging development worldwide
- Confident outlook
FRANKENTHAL: The Frankenthal-based pump and valve manufacturer KSB had a good start to its anniversary year of 2021. Order intake and sales revenue are significantly higher than in the comparative prior-year period, which was affected by the onset of the Corona pandemic. Order intake in the first quarter picked up again to € 600.1 million (previous year: € 588.2 million). The increase in sales revenue was more pronounced, with a rise of € 21.4 million to € 539.2 million (previous year: € 517.7 million). EBIT also improved significantly as a result of higher sales revenue and cost reductions.
“We have made a good start to the new financial year and are seeing a noticeable upturn in business, particularly in the regions where the Corona pandemic was brought under control early on. In addition, the cost-cutting measures initiated in 2020 will sustain¬ably increase profitability,” says Dr Stephan Timmermann, CEO.