AB SKF’s Share Redemption Implemented

The pump and valve manufacturer KSB is continuing its positive business development in the first nine months of 2024. The company increased the key performance indicators of order intake, sales revenue and earnings before finance income / expense and income tax (EBIT) compared with the prior-year period.

Xylem Inc. reports third-quarter results. The Company’s total revenue was $2.1 billion, up one percent on a reported and organic basis, and third-quarter earnings per share were up 41 percent on a reported basis and 12 percent on an adjusted basis. Orders grew 8 percent on a reported and organic basis.

The acquisition of Uponor (today: GF Building Flow Solutions) in November 2023, has positioned GF as one of the global leaders in sustainable Water and Flow Solutions, addressing mission-critical solutions for industrial flow processes, sustainable water management in urban areas and energy efficiency in buildings.

GEA recently unveiled its Mission 30 Group strategy at a Capital Markets Day. The comprehensive plan details how GEA will continue to drive profitable growth and significantly expand the company’s share of sustainable solutions until 2030. AI-supported processes and new business models will play an increasingly important role in achieving this.

Specialty chemicals company Evonik is driving forward the green transformation of industry. With its new innovation strategy, it is stepping up its focus on sustainability. To this end, it is bundling a large proportion of its R&D activities in three new innovation growth areas. These should generate additional sales of €1.5 billion by 2032, compared with 2023.

Xylem (XYL) is expanding its corporate venture investing plans with $50 million committed to support emerging companies and water services providers that solve critical climate challenges such as water scarcity, quality, and decarbonization. Xylem aims to accelerate the availability of water solutions to address these challenges by directly investing in startups developing disruptive water technologies, and by investing in specialty venture capital funds.