The German pump manufacturer KSB has got the 2022 financial year off to a powerful begin with first quarter order intake rising by 27.1% to €763 million and gross sales revenue up three.5% to €558 million.
Europe, KSB’s largest region, posted a 23.5% enhance in order intake to €390.eight million, but sales income slipped 6.0% on a year ago to €282.9 million. The largest share progress was reported in the Americas region, where KSB increased its order consumption by forty four.7 % to €145.8 million and gross sales income by 34.3% to €105.2 million. In the Asia/Pacific area, order consumption was up 23.9% to €180.4 million and sales income grew 6.4% to €134.4 million. The Middle East/Africa/Russia area saw a 21.9% increase so as consumption to €45.6 million and a 6.1% rise in sales revenue to €35.7 million.
“We continued the superb corporate growth of the earlier 12 months in the new year too, despite the troublesome situations,” says KSB CEO Dr Stephan Timmermann. “Although the coronavirus-related downtimes in Germany and France, in addition to in elements of Asia, affected production, we have been able to offset this, because of the pliability of our staff.” KSB’s first quarter was additionally impacted by the military conflict in Ukraine.
KSB remains assured about the relaxation of the 12 months, despite the difficult setting.
“The challenges are various and complicated,” says Timmermann. “These include the persistently excessive Covid-19 an infection figures and lockdowns in China, the impact of the Russian warfare against Ukraine and the related sanctions, value increases and bottlenecks within the supply chains, in addition to the potential consequences of the cyber attack we averted in April, which led to temporary manufacturing stoppages. All of those parameters require flexibility and goal-oriented management. xp2i remains to realize a sustainable increase in profitability.”