IN FOCUS

Xylem Inc. reported first-quarter results. The Company’s total revenue of $2.0 billion surpassed prior guidance, on strong execution and demand. First-quarter earnings also exceeded Xylem’s previous guidance.

As part of an in-house strategy program, the Möhlenhoff Group has set a decisive course for a future-proof orientation. In addition to the long-standing Managing Director Frank Geburek, who has been on the management board for over ten years, Stefan Soellner has been appointed as the second Managing Director with effect from February 1, 2024.

The Frankenthal-based pump and valve manufacturer KSB is continuing the positive development of the 2023 financial year in the first quarter of 2024. The key performance indicators order intake, sales revenue, earnings before finance income / expense and income tax (EBIT) and EBIT margin are all up on the comparative prior-year quarter.

In a groundbreaking vote at today’s Annual General Meeting, GEA Group AG’s shareholders approved by an overwhelming majority the Climate Transition Plan 2040 presented to them.

From the establishment of a central system of sustainability management through consistent resource conservation in the product portfolio and concepts for autonomous energy management to fair and appreciative cooperation: these and other issues are the subject of the 2023 sustainability report recently published by the KHS Group.

At its recent meeting, GEA Group Aktiengesellschaft’s Supervisory Board extended the appointment of Bernd Brinker (59) as Chief Financial Officer (CFO) ahead of schedule until June 30, 2027. A member of the Executive Board since October 16, 2023, he was initially appointed for a one-year period.

End of March, NETZSCH Pumps & Systems officially opened the new NOTOS multi screw pump plant in Pomerode, Santa Catarina, Brazil. The new factory in the Testo Central district marks an important milestone in NETZSCH’s seventy-year history. The construction work began in August 2021 and was completed in less than three years despite countless challenges.

With the aim of strengthening business networks in the state of Wisconsin, Wilo CEO Oliver Hermes welcomed Melissa “Missy” Hughes, Secretary and CEO, and Katy Sinnott, Vice President Global Trade and Investment of the Wisconsin Economic Development Corporation (WEDC) to Wilo’s headquarters in Dortmund. The two Americans were accompanied by Stefan Peikert, Head of the European Office of the WEDC in Berlin.

The decision has been made: The production of Eta pumps at KSB’s headquarters will be expanded to become the centre of excellence for the latest generation of electronically controlled pumps in Europe. KSB will be spending around 60 million euros on this over the next five years – one of the largest single investments the company has ever made. KSB will have to do without the funding applied for from the federal government.

GF announces that its GF Uponor division is renamed as GF Building Flow Solutions with immediate effect.