KSB Group Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Reaffirms Financial Guidance for the Full Year of 2018
The company reaffirmed its revised forecast for the current financial year, as outlined in the half-year financial report. The proportion of project orders with longer delivery times means that the growth in order intake will not be immediately reflected in sales revenue, which will rise only moderately year on year as a result of adverse currency translation effects. Consolidated earnings before interest and taxes (EBIT) are expected to be considerably lower than in the previous year due to these currency translation effects, the global economic risks and the aforementioned provisions for a project in the UK.