The German pump manufacturer KSB has got the 2022 financial year off to a strong start with first quarter order intake increasing by 27.1% to €763 million and sales revenue up 3.5% to €558 million.
Europe, KSB’s largest region, posted a 23.5% increase in order intake to €390.8 million, but sales revenue slipped 6.0% on a year ago to €282.9 million. The largest percentage growth was reported in the Americas region, where KSB increased its order intake by 44.7 % to €145.8 million and sales revenue 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 €134.4 million. The Middle East/Africa/Russia region saw a 21.9% increase in order intake to €45.6 million and a 6.1% rise in sales revenue to €35.7 million.
“We continued the excellent corporate development of the previous year in the new year too, despite the difficult conditions,” says KSB CEO Dr Stephan Timmermann. “Although the coronavirus-related downtimes in Germany and France, as well as in parts of Asia, affected production, we were able to offset this, thanks to the flexibility of our employees.” KSB’s first quarter was also impacted by the military conflict in Ukraine.
KSB remains confident about the rest of the year, despite the difficult environment.
“The challenges are diverse and complex,” says Timmermann. “These include the persistently high Covid-19 infection figures and lockdowns in China, the impact of the Russian war against Ukraine and the related sanctions, price increases and bottlenecks in the supply chains, as well as the potential consequences of the cyber attack we averted in April, which led to temporary production stoppages. All of these parameters require flexibility and goal-oriented management. Our ambition remains to achieve a sustainable increase in profitability.”
