EQS-News: Record Figures at KSB’s Annual General Meeting
Annual General Meeting of KSB SE & Co. KGaA
- Annual General Meeting of KSB SE & Co. KGaA
Significant increase in order intake, sales revenue and earnings
FRANKENTHAL: In 2023, the Frankenthal-based pump and valve manufacturer KSB achieved its highest ever order intake and sales revenue. - At the Annual General Meeting on 8 May, Dr Bernd Flohr, Chairman of the Supervisory Board, expressed his satisfaction in view of the persistently difficult economic conditions.
- The main drivers for the increase in the EBIT margin (7.9 %) were the growth in sales revenue and the high-margin KSB SupremeServ Segment.
- However, the tailwind that KSB had hoped for from a possible easing of global political tensions and inflation-related uncertainties did not materialise.