The order situation and sales revenue of pump and valve manufacturer KSB developed positively in 2010. The Group’s order intake exceeded the two billion euro mark for the second time. As anticipated, consolidated earnings fell short of the prior-year figure.
With the financial and economic crisis coming to an end, KSB’s general business with standard pumps and valves saw a revival in 2010. By contrast, the project business continued to be affected by postponements in customers’ investment decisions during the crisis. The Group’s order intake improved by 7.3 % to € 2,075.0 million overall. This growth came in particular from KSB’s companies outside Europe, with the companies in the Region Asia / Pacific reporting the strongest expansion with a 33.3 % increase in orders received. Order intake at KSB AG was 5.8 % below the previous year due to fewer new large projects.
The Group’s sales revenue reached € 1,939.3 million, an increase of 2.5 %, largely due to the performance of companies in the Regions Asia/Pacific, Americas and Middle East/Africa.