KSB Ends 2023 with Unprecedented Financial Success

Frankenthal-based pump and valve manufacturer KSB announced a record-breaking financial performance for the year 2023, achieving all-time high figures in order intake, sales revenue, and earnings. The company’s EBIT margin saw an increase to 7.9%, reaching a target initially set for 2025 two years in advance.

Throughout the year, KSB witnessed a significant increase in order intake by 3.4% to €2,960 million. The Valves and KSB SupremeServ segments demonstrated substantial growth, with order intakes rising by 9.1% and 8.0% respectively. Sales revenue experienced a 9.5% increase to €2,819 million, with notable growth across all segments. The earnings before finance income/expense and income tax improved by 32.4% to €223.9 million, largely contributed by the KSB SupremeServ segment.

Investments escalated to €136 million during the year, focusing on productivity enhancement, capacity expansion, digitalisation, and sustainability, primarily in Europe. Dr. Stephan Timmermann, CEO of KSB, highlighted the challenges faced due to geopolitical unrest and inflation-related uncertainties but commended the company's resilience and forward movement.

KSB anticipates continued geopolitical tensions in 2024 but remains hopeful for the company’s progress. A dividend proposal of €26.00 per ordinary share is set to be presented at the Annual General Meeting, reflecting the shareholders' substantial participation in the company's success.