KSB SE & Co KGaA
XETRA:KSB

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KSB SE & Co KGaA Logo
KSB SE & Co KGaA
XETRA:KSB
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Price: 990 EUR -0.5% Market Closed
Market Cap: 1.7B EUR

KSB SE & Co KGaA
Investor Relations

KSB SE & Co. KGaA, a stalwart in the industrial sector, has been navigating the waters of mechanical engineering for over a century. Founded in 1871, the company has its roots deeply embedded in the manufacturing of pumps, valves, and related systems for an array of industries. Headquartered in Germany, KSB operates on a global scale, ensuring a presence in critical markets worldwide. What sets KSB apart is its relentless focus on technological innovation and providing tailored solutions to sectors such as energy, water, wastewater, and industrial processes. By aligning its offerings to the specific needs of these sectors, KSB manages to maintain relevance in an ever-evolving technological landscape.

The company's financial engine is powered by its adept strategy of leveraging its diverse and technologically advanced product portfolio. This allows KSB to cater to both large infrastructure projects and niche markets. By selling not just products but complete systems and comprehensive service solutions, KSB secures long-term contracts and nurturing ongoing relationships with its clientele. Additionally, its commitment to sustainability and energy efficiency enhances its appeal to modern businesses seeking eco-friendly operations. This confluence of cutting-edge technology, a vast international footprint, and a robust commitment to customer service converges to reinforce KSB's position as a major player in the global engineering market.

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Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Jul 31, 2024
AI Summary
Q2 2024

Top-line Growth: KSB grew sales revenue to EUR 1.4 billion, up 3.7% from last year, with order intake and EBIT also increasing.

Profitability: EBIT rose to EUR 116.3 million, a 3.7% increase, reflecting strong underlying operational improvement even after accounting for special items and SAP HANA costs.

SupremeServ Strength: The SupremeServ (aftermarket and services) business continued to grow and is seen as the company's main profit and growth driver, moving towards its goal of 40% of sales.

Solid Financial Position: KSB maintains a robust balance sheet with a 46.2% equity ratio and a net finance position of EUR 279 million, supporting self-financed growth.

SAP HANA Investment: KSB is investing around EUR 17 million in SAP HANA implementation in 2024, with total project costs through 2027 expected at roughly EUR 17 million; these costs are expensed, not capitalized.

Guidance Maintained: Management confirmed that their full-year guidance incorporates SAP HANA costs and remains at the upper end of their forecast corridor.

M&A and Capital Allocation: The company prioritizes dividends, is open to acquisitions if the right opportunity arises, and may consider a share split or class merge in the future, though nothing is imminent.

Market Environment: Management described the global environment as "rocky" but highlighted resilience in energy, petrochemicals, and services, with particular optimism for India and South America.

Key Financials
Sales Revenue
EUR 1.4 billion
EBIT
EUR 116.3 million
Operating Cash Flow
EUR 83 million
Net Finance Position
EUR 279 million
Equity Ratio
46.2%
Order Intake
EUR 1.744 billion (orders on hand)
Return on Sales
8.1%
Share Price (Preference)
Increased by 27% year-over-year
Tax Ratio
35%
Dividend
EUR 60 million paid last year
SAP HANA Project Cost (2024)
EUR 17 million
Other Earnings Calls
2024

Management

Dr. Stephan Jorg Timmermann
Chairman of Management Board, MD & CEO
No Bio Available
Dr. Matthias Gunter Schmitz
MD of Finance & Procurement and Member of the Management Board
No Bio Available
Dr. Stephan Bross
MD, CTO & Member of management Board
No Bio Available
Mr. Ralf Kannefass
MD of Sales & Service and Member of Management Board
No Bio Available
Mr. Thomas Pabst
Head of Market Area Energy & Member of Supervisory Board
No Bio Available
Xaver Hausner
Chief Engagement Officer
No Bio Available
Dr. Jochen Schaab
Head of Development Pump Systems
No Bio Available
Andreas Karsch
Head of Testing Engineering
No Bio Available
Michael Kreth
Head of IT
No Bio Available
Carolin Wild
Head of IT Support
No Bio Available

Contacts

Address
RHEINLAND-PFALZ
Frankenthal
Johann-Klein-Str. 9
Contacts
+496233860.0
www.ksb.com