KSB SE & Co. KGaA

Latest Results (02.09.2026):

KSB SE & Co. KGaA — results for Q2 2026 / H1 2026: order intake rose materially while sales revenue was essentially flat and EBIT declined year‑on‑year. For the six months to 30 June 2026 KSB reported order intake €1,848.7m (+8.8% vs H1 2025), sales revenue €1,471.4m (+0.4%) and EBIT €98.4m (vs €108.0m in H1 2025). The performance was driven by strong project wins in Pumps, mixed developments across Valves and SupremeServ, higher costs (energy, logistics) and lower spare‑parts demand; cash and liquidity were reduced vs year‑end 2025.

Headline numbers (H1 2026)

Order intake: €1,848.7m (+€150.3m, +8.8% YoY). Sales revenue: €1,471.4m (+€6.5m, +0.4% YoY). EBIT: €98.4m (down €9.6m vs H1 2025). Earnings after tax: €60.7m (vs €69.1m). Cash and cash equivalents: €232.2m at 30 June 2026 (down from €338.6m at 31 Dec 2025).

Segment highlights

Pumps: strong order intake €1,095.4m (+16.4%) and sales €799.1m (+3.0%); EBIT fell to €23.8m. Valves: order intake €213.2m (down), sales €195.8m (‑2.4%); EBIT moved from a larger loss to ‑€1.7m (improved vs prior year). KSB SupremeServ: order intake €540.1m (broadly stable), sales €476.4m (slight decline); EBIT down to €76.2m, hit by weaker spare‑parts sales.

Regional performance

Europe remains largest: order intake €969.4m (+20.0%) driven by major reactor coolant pump contract; sales €702.9m (slightly below prior year). Middle East / Africa posted the highest percentage growth in order intake (to €132.0m) and sales (€114.7m). Asia / Pacific saw order intake and sales decline (order intake €408.1m, ‑14.3%). Americas improved (order intake €339.2m, +8.7%; sales €287.9m).

Profitability drivers

EBIT declined due to weaker spare‑parts demand in some markets, higher logistics and energy costs and transition costs (SAP S/4HANA external costs ~€12.3m included). H1 EBIT includes €16.6m income from the remeasurement of the interest in KSB Pumps Arabia Ltd. Tax rate eased to 31.7% (from 33.5%), partially offsetting profit pressures.

Cash flow & balance sheet

Operating cash flow: €24.8m (down from €42.7m). Investing cash flow: €‑73.4m (CapEx payments ~€61.1m). Dividends paid: €52.6m. Net financial position fell (cash down to €232.2m); inventories and trade receivables rose (inventories €835.3m, up €83.0m vs year‑end).

Outlook

KSB confirmed its full‑year 2026 guidance: Group order intake €3,100–3,500m, sales revenue €2,900–3,200m and EBIT €220–265m. Management adjusted expectations at segment level: KSB SupremeServ now expected to be stable (previously slight+), and Valves EBIT is now expected slightly negative.