KSB SE & Co. KGaA
KSB SE & Co. KGaA: Provisions for a former project in the pumps segment in Great Britain put a burden on earnings before interest and taxes (EBIT) amounting to approx. EUR 25 million; as a result, the Group’s EBIT for 2018 is expected to be below the previous year’s figure
KSB SE & Co. KGaA / Key word(s): Change in Forecast The Members of the Executive Board of KSB Management SE, the general partner of KSB SE & Co. KGaA, have established today that provisions to be set aside for a former project in Great Britain – in the amount of EUR 25 million – will put a significant burden on the results of the first half of 2018. The Members of the Executive Board expect the provisions be sufficient to cover any risks arising from this project.
As a result of this special effect, KSB now expects the EBIT for the full year 2018 to be below previous year’s figure instead of the increase forecast so far. Contact: Dr. Matthias Schmitz Member of the Executive Board
02-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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 |
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