Ksb Se & Co. Kgaa · XETR:KSB
Ksb Se & Co. Kgaa — H1 2025 Earnings Presentation
30 slides from Ksb Se & Co. Kgaa's earnings presentation, Jul 30, 2025
Slide 1: KSB Earnings Call Half-Year Report 2025
KSB Earnings Call Half-Year Report 2025 July 30, 2025 I Managing Directors
Slide 2: Welcome on behalf of the board!
Welcome on behalf of the board! Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 2
Slide 3: Happy Birthday, KSB!
Deutsche Bérse gratuliert KSB SE & Co, KGaA 2U 130 Jahren Béorsennotierung QkKsp
Slide 4: Agenda
Agenda 1. Half-Year Report 2025 2. Outlook and Summary Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 4
Slide 5: Forward-looking statements
This report contains forward-looking statements. These statements are based on the current estimates and forecasts of the Managing Directors and the information currently available to them. The forward-looking statements do not represent guarantees for the future developments and results they refer
Slide 6: Half-Year Report 2025
Half-Year Report 2025 1 Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 6
Slide 7: Half-Year Highlights 2025
Half-Year Highlights 2025 Order intake increased to € 1,698 million EBIT reported: € 108.0 million Equity declined by € 47 million compared to H1 2024 compared to December 31, 2024 due to: EBIT adjusted for external SAP ( +3.3% | +4.7% FX-adjusted) S/4HANA charges: € 121.5 million Dividend payment
Slide 8: Performance of half-year financial indicators of the KSB Group from 2023 to 2025
Performance of half-year financial indicators of the KSB Group from 2023 to 2025 w/o external SAP S/4HANA-charges Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 8
Slide 9: Strong Pumps business pushes Order intake by 3.3% (4.7% FX-adjusted)
Order intake H1 2025 Strong Pumps business pushes Order intake by 3.3% (4.7% FX-adjusted) € 1,698 million Order intake Change Change on top € millions H1 2025 H1 2024 (abs.) (rel.) FX-effects KSB Group 1,698.4 1,644.7 53.7 +3.3% 23.4 Pumps 940.8 869.1 71.6 +8.2% 16.0 Valves 225.4 226.1 -0.7 -0.3% 2.
Slide 10: Sales revenue increases by 1.8% to € 1,465 million
Sales revenue H1 2025 Sales revenue increases by 1.8% to € 1,465 million (3.1% FX-adjusted) € 1,465 Sales revenue million Change Change on top € millions H1 2025 H1 2024 (abs.) (rel.) FX-effects KSB Group 1,464.9 1,438.5 26.4 +1.8 % 18.2 Pumps 775.8 753.7 22.1 +2.9 % 11.3 Valves 200.7 193.4 7.3 +3.8
Slide 11: EBIT impacted by non-operating SAP S/4HANA implementation
EBIT H1 2025 EBIT impacted by non-operating SAP S/4HANA implementation € 108 EBIT million Change on top € millions H1 2025 H1 2024 (abs.) FX-effects * ** KSB Group 108.0 116.3 -8.3 3.0 Pumps 27.3 17.6 9.7 1.4 Valves -3.5 -0.3 -3.2 0.1 KSB SupremeServ 84.2 99.0 -14.8 1.5 EBIT Margin 7.4% 8.1% ** Incl
Slide 12: Improvement in operating EBIT adjusted by SAP S/4HANA
Improvement in operating EBIT adjusted by SAP S/4HANA (external charges of € 13.5 million) EBIT adjusted (w/o external S/4HANA charges) Change € millions H1 2025 H1 2024 (abs.) KSB Group 121.5 118.5 3.0 Pumps 34.7 18.8 15.9 Valves -1.8 0.0 -1.8 KSB SupremeServ 88.6 99.7 -11.1 EBIT Margin 8.3% 8.2% O
Slide 13: Solid EBIT despite economical challenges
Solid EBIT despite economical challenges in % in % of total of total output of output of € millions H1 2025 operations H1 2024 operations Sales revenue 1,464.9 1,438.5 Total output of operations 1,486.2 100.0 1,467.2 100.0 Other operating income 21.7 1.5 19.9 1.4 Cost of materials -581.5 39.1 -590.0
Slide 14: Continuous improvement of cost of materials ratio
Continuous improvement of cost of materials ratio Total output of operations H1 2025: Cost of materials H1 2025: ▪ Sales revenue: € 1,465 million ▪ Cost of materials as a percentage of total output of ▪ Changes in inventories: € +20 million operations reduced by 1,1%-points yoy to 39.1%. ▪ Work perf
Slide 15: Earnings after income taxes of € 69.1 million
Earnings after income taxes of € 69.1 million € millions H1 2025 H1 2024 Change (%) EBIT 108.0 116.3 -7.1 Finance income / expense -4.0 -7.5 46.3 EBT 104.0 108.8 -4.4 Taxes on income -34.9 -38.4 9.2 EAT 69.1 70.4 -1.8 Tax ratio in % 33.5 35.3 Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025
Slide 16: Finance income / expense and Taxes on income
Finance income / expense and Taxes on income ▪ Finance income: € 6.3 million (PY: € 6.3 million) ▪ Tax ratio for 2025 is expected to be between 33% and 34% ▪ Finance expense: € 12.5 million (PY: € 17.2 million) ▪ Tax ratio in H1 2024 influenced by: ▪ Interest expense for pensions: € 7.8 million (PY:
Slide 17: Balance Sheet Comparison: 06/2025 vs. 12/2024
Balance Sheet Comparison: 06/2025 vs. 12/2024 € millions 30 June 2025 31 Dec. 2024 Change (abs.) Assets Non-current assets 902.6 929.9 -27.3 Current assets 1,861.5 1,938.0 -76.5 2,764.0 2,867.9 -103.9 Equity and Liabilities Equity 1,288.2 1,335.4 -47.2 Non-current liabilities 531.2 549.5 -18.4 Curre
Slide 18: Slight decline in Equity influenced by dividend distribution plus currency translation effects
Slight decline in Equity influenced by dividend distribution plus currency translation effects Equity decreases slightly in the first half of the year: ▪ Earnings impacted by: • Earnings after taxes of € 69 million • Dividend payments of € -53 million • Currency translation effects of € -77 million
Slide 19: Working Capital - Relevant KPIs
Working Capital - Relevant KPIs Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 19
Slide 20: Net Financial Position remains strong y-o-y
Net Financial Position remains strong y-o-y Change € millions H1 2025 H1 2024 (abs.) Cashflow from operating activities 42.7 83.5 -40.8 Cashflow from * ** investing activities -45.7 -64.9 19.2 Free Cashflow -3.0 18.6 -21.6 Net Financial Position 276.1 279.4 -3.3 * Includes investments of € 9.1 milli
Slide 21: KSB SE & Co. KGaA: Share price performance
KSB SE & Co. KGaA: Share price performance +47% +24% KSB preference share SDAX 30 June 30 June 28 July 2024 2025 2025 Price per preference share in € 646 878 950 Price per ordinary share in € 680 890 1,040 Market capitalisation in € m 1,168 1,546 1,738 Half-year Earnings Call I KSB SE & Co. KGaA I 3
Slide 22: Successful first half of 2025 for KSB
Successful first half of 2025 for KSB Order intake and Sales revenue increased by 3.3% | 1.8% despite political uncertainty and geopolitical tensions EBIT adjusted by external SAP S/4HANA implementation charges increased to € 121.5 million and adjusted operational EBIT margin to 8.3% Increase in KSB
Slide 23: Outlook
Outlook July 2025 for 2025 € millions Forecast 2025 Order intake 3,100 - 3,400 Sales revenue 2,950 - 3,150 EBIT 235 - 265 KSB confirms the outlook for Order intake, Sales revenue and EBIT for the Group. Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 23
Slide 24: Outlook and Summary
Outlook and Summary 2 Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 24
Slide 25: Boundary Conditions
Boundary Conditions Economic Development of Currency Tariffs downturns interest rates devaluation Boundary conditions Logistical Decoupling Conflicts and wars in Germany bottlenecks Changing Supply Sanctions Competition governments bottlenecks Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025
Slide 26: Necessity
Necessity Resilience in the company set-up Resilience in the strategy Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 26
Slide 27: Resilience in company set-up
Resilience in company set-up A broad market approach A diversified product portfolio A global set-up Sound megatrends A sound strategy Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 27
Slide 28: Strategic processes: Focus and time
Strategic processes: Focus and time 2023 2021 KSB 2020 next level 2019 Back to profit 2018 project Repositioning the brand CLIMB 21 Excellence KSB Voice Entrepreneurship KSB SupremeServ Customer focus Employee satisfaction Service orientation Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025
Slide 29: Following the targets, not the headlines
Following the targets, not the headlines KSB has a vision KSB is executing the plan We are convinced that success will continue Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 29
Slide 30: Thank you for your attention!
Thank you for your attention! Half-year Earnings Call I KSB SE & Co. KGaA I 30.07.2025 30