KSB SE & Co. KGaA: Earnings update for 2021

KSB SE & Co. KGaA publishes preliminary 9-month figures and updates outlook for 2021

FRANKENTHAL: Following a successful start to the 2021 financial year,
KSB SE & Co. KGaA's business developed positively in the third quarter. The preliminary figures show that the order intake in the first three quarters of 2021 was up 13 % year-on-year at around € 1,831 million. Sales revenue for the first three quarters increased to € 1,706 million, exceeding the comparative prior-year period by 6 %.

Higher sales revenue and the effects of the earnings enhancement programme bolstered earnings before finance income / expense and income tax (EBIT).

Based on the preliminary figures for the past three quarters and current information on the course of business in the fourth quarter, the Managing Directors of
KSB SE & Co. KGaA today updated the forecast for the 2021 financial year.

The financial key figures for the KSB Group are now expected to be in the following ranges for the 2021 financial year:

All figures in € millions
Order intake: 2,350 - 2,450 (previously: 2,150 - 2,450)
Sales revenue: 2,275 - 2,350 (previously: 2,150 - 2,400)
EBIT before special factors: 135 - 145 (previously: 80 - 120)

The forecast corridor already takes account of potential risks such as rising material prices and disrupted supply chains, which can occur particularly during the delivery of major orders, but also affect standard business.

KSB SE & Co. KGaA will publish the interim report as at 30 September 2021 on 9 November 2021 as planned.