The KSB Group's financial report for the first half of 2014 published today confirms the preliminary figures communi­cated on Friday via an ad hoc statement and a press release. According to the report, order intake for the first six months of the year rose by 3.2 % to € 1,131.9 million. Consolidated sales revenue totalled € 1,011.6 million, 7.2 % down from the comparative prior-year figure (€ 1,090.1 million). More than half (€ 51 million) of this decline by € 78.5 million is attributable to changes in exchange rates. At € 20.7 million, earnings before taxes (EBT) were also lower than the prior-year figure (€ 48.8 million).

Based on these figures, KSB continues to assume that 2014 order intake will exceed prior-year levels. For the second half of 2014, the company expects sales revenue to improve substantially on the first six months. However, it no longer expects growth for the full year, but a total moderately down on the previous year.

2014 earnings before taxes will be adversely affected by the continuing difficult earnings situation in the power plant business, negative currency effects and impending reorgani­sation and non-recurring costs, and are expected to range between € 60 million and € 85 million.

  • Half-year Financial Report as per 30 June 2014(PDF, 272 KB)
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