13.08.2018
KSB SE & Co. KGaA DE0006292030
DGAP-Adhoc: KSB SE & Co. KGaA: Adjustment of sales and earnings forecast 2018
DGAP-Ad-hoc: KSB SE & Co. KGaA / Key word(s): Change in Forecast
KSB SE & Co. KGaA: Adjustment of sales and earnings forecast 2018
13-Aug-2018 / 17:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Adjustment of the sales revenue and earnings forecast for 2018
FRANKENTHAL: The KSB Group adjusts its sales revenue and earnings forecast
for the 2018 financial year. Due to adverse currency translation effects,
the KSB Group expects just moderate growth in sales revenue overall for the
2018 financial year.
Increasing global economic and political risks, like the current trade
disputes, are other reasons why the KSB Group expects EBT for the full year
2018 to fall considerably short of the prior-year level.
It includes provisions for a legacy project in the United Kingdom; a
corresponding ad hoc statement was already issued on 2 May 2018.
Under completely new management in 2018, the KSB Group intensified its sales
activities in the first six months of this year in market sectors with
strategic priority and increasingly analyses cost structures, processes and
sales opportunities for its product portfolio on the market. In response to
changes in the economic environment, the KSB Group systematically fosters
process and product innovations and puts a focus on efficiency and
profitability improvements in all corporate areas.
KSB will publish its half-year financial report on 14 August 2018.
Contact:
Dr. Matthias Schmitz
Member of the Executive Board
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Language: English
Company: KSB SE & Co. KGaA
Johann-Klein-Strasse 9
67227 Frankenthal
Germany
Phone: +49 6233 86-2020
Fax: +49 6233 86-3435
Internet: www.ksb.com
ISIN: DE0006292030
WKN: 629203
Listed: Regulated Market in Dusseldorf, Frankfurt (General
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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713721 13-Aug-2018 CET/CEST
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