KSB SE & Co (KSB) Q1 2025 earnings summary

Executive summary

• Order intake and sales revenue increased year-over-year, continuing the positive trend from 2024.

• EBIT, adjusted for SAP S/4HANA migration costs, was higher than the previous year.

• The 2025 forecast for order intake, sales revenue, and EBIT remains confirmed.

Financial highlights

• Order intake rose by €15.8 million (+1.8%) to €878.4 million compared to Q1 2024.

• Sales revenue increased by €16.0 million (+2.3%) to €708.9 million year-over-year.

• EBIT declined by €2.9 million (-6.1%) to €45.5 million, mainly due to SAP migration costs.

• Free cash flow dropped to €-8.8 million from €28.3 million, driven by higher working capital and taxes.

• Net financial position decreased to €347.3 million from €371.0 million at year-end 2024.

Outlook and guidance

• Key financial indicators for 2025 are expected to remain within the published forecast ranges.

• SAP S/4HANA migration will continue to impact earnings over the next three years.

• The company aims to increase EBIT margin to over 10% by 2030 under the Mission TEN30 strategy.