KSB, the Frankenthal-based manufacturer of pumps and valves, is satisfied with the 2020 financial year, even though order intake, sales revenue and earnings were down on the strong prior year due to the repercussions of the coronavirus pandemic.
KSB Satisfied with Financial Statements for a Year Overshadowed by COVID-19. The company expects key financial figures to improve significantly in the 2021 anniversary year.
The volume of orders received in the 2020 financial year was € 2,143.4 million, € 310.4 million (– 12.6%) lower than in the previous year. Sales revenue reached € 2,207.9 million, a decrease of € 175.3 million (– 7.4%).
Sales revenue in the Pumps, Valves and Service Segments picked up considerably in the second half of the year, but ultimately fell short of the prior-year level. The largest Segment, Pumps, was impacted the least, down 6% to € 1,468.0 million. This was primarily attributable to a solid order book and long-term projects. The Valves Segment achieved sales revenue of € 335.5 million (– 7.9%) and the Service Segment € 404.5 million (– 11.4%). At the same time, further progress was made with the digitalisation of products, services and processes. Furthermore, KSB invested in major sustainability projects and site modernisations.
