DGAP-Ad-hoc: KSB SE & Co. KGaA / Key word(s): Change in Forecast
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

02-May-2018 / 16:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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.
Archive at www.dgap.de

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

 
End of Announcement DGAP News Service

681619  02-May-2018 CET/CEST

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