KSB makes sturdy start to 2022

Unbelievable has obtained the 2022 monetary 12 months off to a powerful start with first quarter order intake growing by 27.1% to €763 million and gross sales revenue up three.5% to €558 million.
Europe, KSB’s largest region, posted a 23.5% improve in order consumption to €390.8 million, however sales income slipped 6.0% on a yr in the past to €282.9 million. The largest share development was reported in the Americas area, the place KSB increased its order intake by forty four.7 % to €145.eight million and sales income by 34.3% to €105.2 million. In the Asia/Pacific region, order consumption was up 23.9% to €180.four million and gross sales income grew 6.4% to €134.4 million. The Middle East/Africa/Russia region noticed a 21.9% improve in order intake to €45.6 million and a 6.1% rise in sales revenue to €35.7 million.
“We continued the superb corporate growth of the previous 12 months within the new yr too, regardless of the troublesome circumstances,” says KSB CEO Dr Stephan Timmermann. “Although the coronavirus-related downtimes in Germany and France, in addition to in parts of Asia, affected manufacturing, we had been in a position to offset this, because of the flexibility of our staff.” KSB’s first quarter was also impacted by the military battle in Ukraine.
KSB remains confident about the the rest of the 12 months, regardless of the tough surroundings.
“The challenges are diverse and sophisticated,” says Timmermann. “These embody the persistently excessive Covid-19 an infection figures and lockdowns in China, the impression of the Russian struggle towards Ukraine and the related sanctions, value will increase and bottlenecks in the supply chains, in addition to the potential consequences of the cyber attack we averted in April, which led to temporary production stoppages. All of those parameters require flexibility and goal-oriented administration. Our ambition stays to realize a sustainable improve in profitability.”

Leave a Comment