KSB makes sturdy begin to 2022

The German pump producer KSB has got the 2022 monetary 12 months off to a strong begin with first quarter order intake increasing by 27.1% to €763 million and gross sales income up 3.5% to €558 million.
Europe, KSB’s largest area, posted a 23.5% enhance in order consumption to €390.8 million, however gross sales income slipped 6.0% on a year ago to €282.9 million. The largest share growth was reported in the Americas area, where KSB elevated its order intake by 44.7 percent to €145.8 million and sales revenue by 34.3% to €105.2 million. In the Asia/Pacific region, order consumption was up 23.9% to €180.four million and sales income grew 6.4% to €134.four 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 revenue to €35.7 million.
“We continued the excellent company improvement of the earlier 12 months within the new yr too, despite the troublesome circumstances,” says KSB CEO Dr Stephan Timmermann. “Although the coronavirus-related downtimes in Germany and France, as well as in elements of Asia, affected manufacturing, we had been able to offset this, thanks to the flexibleness of our workers.” KSB’s first quarter was also impacted by the military battle in Ukraine.
KSB remains assured about the remainder of the yr, regardless of the difficult environment.
“The challenges are diverse and complicated,” says Timmermann. “These include the persistently high Covid-19 infection figures and lockdowns in China, the impression of the Russian struggle in opposition to Ukraine and the associated sanctions, value will increase and bottlenecks within the supply chains, as properly as the potential penalties of the cyber assault we averted in April, which led to temporary production stoppages. All of those parameters require flexibility and goal-oriented management. Little-known stays to realize a sustainable improve in profitability.”

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