KSB makes sturdy start to 2022

The German pump producer KSB has received the 2022 financial year off to a robust begin with first quarter order consumption rising by 27.1% to €763 million and sales income up three.5% to €558 million.
Europe, KSB’s largest region, posted a 23.5% improve so as intake to €390.8 million, however sales revenue slipped 6.0% on a year ago to €282.9 million. The largest share development was reported within the Americas area, the place KSB elevated 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 region, order intake was up 23.9% to €180.4 million and sales revenue grew 6.4% to €134.four million. The Middle East/Africa/Russia area noticed a 21.9% enhance in order intake to €45.6 million and a 6.1% rise in sales revenue to €35.7 million.
Value continued the excellent corporate improvement of the previous 12 months in the new yr too, regardless of the tough situations,” says KSB CEO Dr Stephan Timmermann. “Although the coronavirus-related downtimes in Germany and France, as well as in elements of Asia, affected production, we were able to offset this, thanks to the flexibility of our employees.” KSB’s first quarter was additionally impacted by the military conflict in Ukraine.
KSB remains assured about the relaxation of the year, regardless of the tough setting.
“The challenges are various and complex,” says Timmermann. “These include the persistently excessive Covid-19 an infection figures and lockdowns in China, the influence of the Russian struggle towards Ukraine and the associated sanctions, price increases and bottlenecks within the provide chains, as well as the potential penalties of the cyber assault we averted in April, which led to momentary manufacturing stoppages. All of these parameters require flexibility and goal-oriented administration. Our ambition remains to achieve a sustainable increase in profitability.”

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