KSB SE & Co. KGaA — Earnings Release 2014

Aug 8, 2014

News Details

Ad-hoc | 8 August 2014 12:24

KSB Aktiengesellschaft: KSB revises forecast for sales and earnings

KSB Aktiengesellschaft / Key word(s): Change in Forecast

08.08.2014 12:24

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

Ad-hoc statement according to art. 15 German Securities Trade Act (WpHG)

8 August 2014

KSB revises forecast for sales and earnings

The KSB Group, a manufacturer of pumps and valves, expects a weaker than
formerly forecasted development of sales and earnings for 2014. The company
therefore revises its forecast for the year. Regarding order intake KSB,
however, still expects to be able to exceed in 2014 its previous year's
figure.

The revision of the forecast is made on the basis of preliminary figures of
the first half year 2014. According to them, sales as per 30 June 2014
amount to 1,011.6 million EUR and are thus 7.2% below previous year
(1,090.1 million EUR). The shortfall of 78.5 million EUR is mainly due to
currency effects (50.7 million EUR) and delays in current projects.

The weak sales development and the continuing low profitability in the
power plant business have resulted in markedly lower half-year earnings
before taxes. According to preliminary figures earnings before taxes as per
30 June 2014 amount to 20.7 million EUR (previous year 48.8 million EUR).

Instead of the forecasted increase in sales, the company now expects sales
revenues for the current year to stay moderately below previous year's
level (previous year: 2,247.3 million EUR). Earnings before taxes will go
down in 2014 instead of increasing slightly as forecasted. The company
expects earnings before taxes for 2014 in a range between 60 and 85 million
EUR (previous year: 119.4 million EUR). These include negative impacts in
the second half of the year as a result of the restructuring measures
already announced.

Due to the favorable order intake in the current year, the company expects
a notable improvement in sales and earnings in 2015.

The final figures for the first half year will be published with the
half-year financial report on 13 August 2014.

08.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: KSB Aktiengesellschaft
Johann-Klein-Strasse 9
67227 Frankenthal
Germany
Phone: +49 6233 86-2020
Fax: +49 6233 86-3435
E-mail:
Internet: www.ksb.com
ISIN: DE0006292030
WKN: 629203
Listed: Regulierter Markt in Düsseldorf, Frankfurt (General
Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

---