MRO Magazine

Pump and valve manufacturer saw revenue grow 7.2% in 2011

Frankenthal, Germany - Pumps and valves manufacturer KSB Group saw sales revenue increased by 7.2% in 2011, exceeding the two billion euros mark for the first time with a total sales revenue of € 2,079.1 million. The company posted growth...


Industry

January 30, 2012
By MRO Magazine
MRO Magazine

Industries

Frankenthal, Germany – Pumps and valves manufacturer KSB Group saw sales revenue increased by 7.2% in 2011, exceeding the two billion euros mark for the first time with a total sales revenue of € 2,079.1 million. The company posted growth in the three segments – pumps, valves and service – as well as in all four sales regions.

The Group’s order intake grew more slowly than sales revenue. It totalled € 2,132.3 million, up 2.8% on the previous year. While KSB enjoyed good growth in its general business with standard pumps and valves, project business was held back by continued reluctance among many investors to build major new facilities.

Due to the difficult environment, earnings development in project business was impacted by severe price erosion and correspondingly lower margins; rising material and staff costs also weighed-down on earnings. The company therefore expects earnings before income taxes for the 2011 financial year to be lower than in the previous year (€ 135.8 million).

In 2012, KSB expects to see moderate growth overall in the market for pumps, valves and services, with regional variations. Provided there is no significant economic slowdown or fully-fledged recession, both order intake and sales revenue should increase in 2012, the company predicts.

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The Group employs around 15,600 people and has a presence on all five continents, with its own sales and marketing companies, manufacturing facilities and service operations.