KSB SE & Co (KSB) Q3 2024 earnings summary

Executive summary

• Order intake, sales revenue, and EBIT increased year-over-year for the first nine months of 2024, driven primarily by the KSB SupremeServ Segment.

• Annual forecast for 2024 confirmed, with expectations to reach the upper half of the guidance range.

Financial highlights

• Order intake rose by €54.9 million to €2,383.8 million, a 2.4% increase year-over-year.

• Sales revenue increased by €57.6 million to €2,171.4 million, up 2.7% year-over-year.

• EBIT grew by €8.0 million to €188.8 million, a 5.5% increase compared to the previous year.

• EBITDA reached €257.5 million, up 4.8% year-over-year.

• Free cash flow declined to €80.9 million from €117.9 million, mainly due to higher investments.

Outlook and guidance

• Order intake, sales revenue, and EBIT are expected to be in the upper half of the 2024 forecast ranges.

• Non-operating costs related to SAP S/4HANA implementation will impact earnings in the lower two-digit million range over three years.

• Strategic focus on increasing EBIT margin to over 10% by 2030.