Affected by the epidemic, KSB's orders and sales revenue in the market segment have declined
the impact of the epidemic has initially appeared, and its performance has been flat since this year. Due to the impact of two major orders in the first quarter of last year, it was 669 million euros. This year's order volume was only slightly lower than expected, it was 588 million euros (about 4.5 billion yuan). However, the epidemic had a significant impact on sales revenue, with sales of 518 million euros (about 4billion people)
synthetic leather was 669 million euros due to the impact of two major orders in the first quarter of last year, and the order volume this year was only slightly lower than expected. 5. What are the advantages of rubber fatigue testing machine and what are the operation steps of the equipment? 8.8 billion euros (about 4.5 billion yuan). However, the epidemic had a significant impact on sales revenue, with sales of 518million euros (about 4billion yuan), a decrease of 17million euros from 535million euros in the same period last year. Although EBIT remained positive, the decline in sales revenue also led to the decline in EBIT
CEO Dr. Stephan timmermann said, "the economic crisis caused by the epidemic has also affected KSB. Although the order volume is relatively good, there are signs of weakness in sales revenue and earnings before interest and tax (EBIT). Especially in the second half of March, the government ordered the closure of our large factories in India, Pakistan, South Africa and Spain, which caught us by surprise and postponed the planned maintenance service orders."
all market segments decreased
orders and sales revenue in the three market segments of pumps, valves and services decreased. The order volume of the pump Department decreased the most (-15.4%). In the service sector, orders fell by 6.9% due to the postponement of maintenance orders and the sale of a service company in France. The valve sector fell by 2.8%
the sales revenue of the pump Department decreased by 5.1% over the same period last year, and the sales revenue of the valve Department decreased by 2.4% over the same period last year. In the service sector, sales revenue fell by 0.2%, mainly due to the sale of a French service company in January 2020
the American market is better, while other regions are weaker.
the report says that from a regional perspective, orders in North and South America are still growing, while all other regions have declined. However, sales revenue fell in all regions. In particular, the closures ordered by the governments of Asia, South Africa and Europe have had a negative impact
as of the end of March, KSB held cash and cash equivalents of 309 million euros (about 2.3 billion yuan), with undrawn credit lines of more than 300 million euros. These assets ensure our financial stability and flexibility because they are not constrained by some key financial indicators or the ranking of rating companies
the future is unpredictable
as it is not clear what impact the epidemic will have on the global economy, it is impossible to make a reliable prediction of future business development. High value-added plastic materials used in the production of 3D printers show high profit opportunities (source: Pump friends circle)