German pump and valve manufacturer KSB has significantly increased its 2019 order intake, sales revenue and EBIT.
According to provisional figures for the 2019 financial year, the volume of incoming orders booked by KSB increased 6.5% or €150 million to €2454 million. All three segments – Pumps, Valves and Service – saw significant gains in order intake and sales revenue.
On order intake, the Pumps segment achieved the largest growth in percentage terms at 7.4 %. Service segment order intake increased 7.3%, while the Valves segment grew 1.8%. All regions contributed to this growth in order intake, with companies in Asia accounting for almost half of the increase, followed by the North and South American companies at around 30%.
KSB’s 2019 sales revenue rose 6.1% or €137 million to €2383 million. The Valves segment recorded the highest percentage growth at 8.9%, followed by Pumps on 6.1% and Service on 4.7%.
KSB’s 2019 net financial position also improved on a year earlier.
“Order intake was very satisfactory, especially in the first half of the year,” said KSB CEO Dr Stephan Timmermann. “This positive development is attributable, in particular, to the good project business. As expected, the second half of the year was more subdued due to increasing trade disputes and structural changes in some industrial sectors. All in all, we are very satisfied with the past financial year.”
KSB will publish its 2019 financial statement on 26 March 2020.