KSB makes sturdy begin to 2022

The German pump producer KSB has got the 2022 monetary yr off to a powerful begin with first quarter order consumption growing by 27.1% to €763 million and gross sales income up three.5% to €558 million.
Europe, KSB’s largest region, posted a 23.5% improve so as consumption to €390.eight million, but gross sales income slipped 6.0% on a year in the past to €282.9 million. The largest share progress was reported in the Americas area, where KSB increased its order intake by forty four.7 percent to €145.eight million and sales income by 34.3% to €105.2 million. In the Asia/Pacific area, order intake was up 23.9% to €180.four million and sales revenue grew 6.4% to €134.four million. The Middle East/Africa/Russia region noticed a 21.9% increase so as intake to €45.6 million and a 6.1% rise in gross sales revenue to €35.7 million.
“We continued the excellent company development of the previous yr within the new yr too, regardless of the tough conditions,” says KSB CEO Dr Stephan Timmermann. “Although the coronavirus-related downtimes in Germany and France, as nicely as in components of Asia, affected manufacturing, we had been in a position to offset this, thanks to the flexibility of our staff.” KSB’s first quarter was also impacted by the army battle in Ukraine.
KSB remains assured about the remainder of the 12 months, regardless of the difficult surroundings.
“The challenges are diverse and sophisticated,” says Timmermann. “These include the persistently excessive Covid-19 an infection figures and lockdowns in China, the impression of the Russian warfare against Ukraine and the related sanctions, worth will increase and bottlenecks within the provide chains, in addition to the potential penalties of the cyber attack we averted in April, which led to temporary production stoppages. All of these parameters require flexibility and goal-oriented management. Value remains to achieve a sustainable increase in profitability.”

Leave a Comment