KSB makes sturdy begin to 2022

The German pump manufacturer KSB has got the 2022 financial year off to a strong begin with first quarter order intake increasing by 27.1% to €763 million and sales revenue up three.5% to €558 million.
Europe, KSB’s largest area, posted a 23.5% enhance in order consumption to €390.8 million, but sales income slipped 6.0% on a 12 months ago to €282.9 million. The largest proportion growth was reported within the Americas area, the place KSB increased its order intake by 44.7 % to €145.8 million and gross sales revenue by 34.3% to €105.2 million. In the Asia/Pacific area, 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 saw a 21.9% enhance so as intake to €45.6 million and a 6.1% rise in gross sales income to €35.7 million.
“We continued the excellent company improvement of the earlier yr within the new 12 months too, regardless of the troublesome situations,” says KSB CEO Dr Stephan Timmermann. “Although Pattern -related downtimes in Germany and France, as nicely as in components of Asia, affected manufacturing, we have been able to offset this, because of the flexibleness of our employees.” KSB’s first quarter was additionally impacted by the navy battle in Ukraine.
KSB remains confident about the remainder of the 12 months, regardless of the tough setting.
“The challenges are various and complex,” says Timmermann. “These embody the persistently high Covid-19 infection figures and lockdowns in China, the impact of the Russian warfare towards Ukraine and the associated sanctions, worth will increase and bottlenecks within the supply chains, in addition to the potential penalties of the cyber assault we averted in April, which led to momentary manufacturing stoppages. All of those parameters require flexibility and goal-oriented management. Our ambition stays to attain a sustainable improve in profitability.”
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