KSB SE & Co (KSB) Q3 2025 earnings summary

Executive summary

• Order intake and sales revenue for Q3 2025 exceeded the previous year, continuing a positive trend despite challenging conditions.

• EBIT, adjusted for SAP S/4HANA migration costs, was higher than the prior-year period; the 2025 forecast is confirmed.

Financial highlights

• Order intake for the first nine months reached €2,448.2 million, up €64.4 million year-over-year.

• Sales revenue rose by €61.3 million to €2,232.7 million, a 2.8% increase year-over-year.

• EBIT declined by €2.5 million to €186.3 million, mainly due to SAP S/4HANA migration costs.

• EBITDA increased slightly to €258.9 million from €257.5 million year-over-year.

• Free cash flow dropped significantly to €26.5 million from €80.9 million, mainly due to higher working capital and tax payments.

Outlook and guidance

• The 2025 forecast for order intake, sales revenue, and EBIT is confirmed, with expected order intake of €3,100–3,400 million and EBIT of €235–265 million.

• Non-operating costs in the lower double-digit million range are expected for SAP S/4HANA migration over the next three years.