KSB makes sturdy start to 2022

The German pump manufacturer KSB has obtained the 2022 financial yr off to a strong start with first quarter order consumption increasing by 27.1% to €763 million and sales revenue up three.5% to €558 million.
Europe, KSB’s largest region, posted a 23.5% increase in order consumption to €390.8 million, but gross sales income slipped 6.0% on a yr in the past to €282.9 million. The largest proportion growth was reported in the Americas region, the place KSB increased its order consumption by 44.7 % to €145.8 million and sales revenue by 34.3% to €105.2 million. In the Asia/Pacific area, order intake was up 23.9% to €180.4 million and gross sales income grew 6.4% to €134.4 million. The Middle East/Africa/Russia area noticed a 21.9% improve so as intake to €45.6 million and a 6.1% rise in gross sales income to €35.7 million.
Class full continued the wonderful corporate growth of the previous yr in the new 12 months 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 elements of Asia, affected production, we had been capable of offset this, thanks to the flexibleness of our workers.” KSB’s first quarter was also impacted by the navy battle in Ukraine.
KSB remains assured about the relaxation of the year, despite the troublesome setting.
“The challenges are diverse and complex,” says Timmermann. “These include the persistently excessive Covid-19 an infection figures and lockdowns in China, the influence of the Russian war in opposition to Ukraine and the associated sanctions, value will increase and bottlenecks in the provide chains, as nicely as the potential penalties of the cyber attack we averted in April, which led to short-term production stoppages. All of those parameters require flexibility and goal-oriented administration. Our ambition stays to achieve a sustainable enhance in profitability.”

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