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Financial News

Voith Group Reports Solid Position on Orders and Increased Profits in First Half of Fiscal Year
At the end of the first six months of the current fiscal year 2018/19, the Voith Group remains in strong shape. The operating result has improved significantly year-on-year. Following a difficult prior year, Voith Hydro managed to double its order intake, while Voith Turbo reported an increase in orders received of 7.5 percent. In the Paper Division, order intake returned to appropriate levels following an exceptional, record-breaking previous year.

Annual General Meeting of KSB: Course Set for Growth After a Year of Major Changes
Following a year of fundamental changes and con­solidation, German-based pump and valve manufacturer KSB has charted a course for growth and is looking back on a positive first quarter of 2019. CEO Dr Stephan Timmermann explained the company’s busi­ness development in 2018 at the Group’s Annual General Meeting at the Frankenthal CongressForum on 29 May.

Endress+Hauser Grows Significantly
Endress+Hauser experienced strong growth across al...Endress+Hauser experienced strong growth across all regions, sectors and product areas in 2018. The ongoing digitalization of the industry and positive development on the international markets provided impetus. The Group increased sales and profits, invested heavily and created hundreds of jobs worldwide.

GEA Confirms Guidance for 2019 and Introduces Measures to Improve Earnings in Business Area Solutions
Düsseldorf-based engineering group GEA posted order intake of around EUR 1.2 billion for the first quarter of 2019, a rise of 7.6 percent. With a slight increase of 1.7 percent to around EUR 1.1 billion, revenue was slightly up on the previous year.

Flowserve Corporation Reports First Quarter 2019 Results
Flowserve Corporation a leading provider of flow control products and services for the global infrastructure markets, announced its financial results for the first quarter ended March 31, 2019.

McIlvaine: Power Industry will Spend $ 3.2 billion for Pumps Next Year
Power plant purchasers will spend $3.2 billion for pumps next year. Sixty-seven percent of the purchases will be for Asian power plants. Decades ago many pump decisions for Asian power plants were made in other regions by international power plant developers. Today many Chinese power plant developers are making pump decisions for Africa, the Middle East and Turkey.

Xylem Reports First Quarter 2019 Results
Xylem reported first quarter 2019 net income of $79 million, or $0.43 per share. Excluding the impact of restructuring, realignment and special charges, the Company delivered adjusted net income of $94 million or $0.52 per share in the quarter.

HMS Group Reports 2018 FY Net Income of Rub 1.9 Billion
HMS Group, one of the leading pump, oil & gas equipment and compressor manufacturer and provider of flow control solutions and related services in Russia and the CIS, recently announced its financial results for twelve months ended December 31, 2018.

Franklin Electric Reports First Quarter 2019 Sales and Earnings
Franklin Electric reported first quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.19, versus a GAAP fully diluted EPS in the first quarter 2018 of $0.45. First quarter 2019 sales were $290.7 million, compared to 2018 first quarter sales of $295.6 million. First quarter EPS before the impact of restructuring expenses was $0.21 compared to 2018 first quarter EPS before restructuring of $0.45.

Sulzer’s Order Intake Grows 10 Percent in the First Quarter of 2019
Order intake in the first quarter of 2019 grew acr...Order intake in the first quarter of 2019 grew across all divisions, reaching CHF 984 million compared to CHF 900 million in the same period a year ago. Organic order growth of 8 percent was fueled by Pumps Equipment’s Water business and Chemtech’s Separation Technology business. Demand from energy customers remains robust. Sulzer confirms its guidance for 2019.

Pentair Reports First Quarter 2019 Results
Pentair announced first quarter 2019 sales of $689 million. Sales were down 6 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 4 percent in the first quarter.

Wilo: Record Revenue for the Ninth Consecutive Year
The Wilo Group has once again completed a successf...The Wilo Group has once again completed a successful financial year. The turnover for 2018 exceeded that of the previous year for the ninth time in a row, and showed a strong 6.2 percent increase to €1.46 billion after currency adjustment.

Van Leeuwen Pipe and Tube Group Reports High Profit in 2018
The 2018 result of the Van Leeuwen Pipe and Tube G...The 2018 result of the Van Leeuwen Pipe and Tube Group further improved as compared to previous years. Market circumstances and economic activity were favorable in most business segments. The network was expanded with an acquisition in Germany. Van Leeuwen made further investments in distribution and service facilities as well as in innovative solutions for the customer.

McIlvaine: Hydraulic Fracturing Presents a Most Profitable Market Opportunity for Pump Manufacturers
The hydraulic fracturing pump market is one of the...The hydraulic fracturing pump market is one of the Most Profitable Markets (MPM) for pump suppliers. It is large and will grow at close to double digit rates in the next few years. The application is extremely challenging. This creates a situation where a better designed pump can be sold at a much higher price. The repair part market is bigger than the new equipment market. So this creates a large combined market.

Andritz Group: Solid Business Development with Record Order Intake
International technology group Andritz saw solid business development overall in the 2018 business year. At over 6.6 billion euros, the order intake reached a historic high, thus creating a good order backlog for 2019. The Executive Board will propose an unchanged dividend – compared to last year – of 1.55 euros per share to the Annual General Meeting. This is equal to an attractive dividend yield of approximately 3.5 percent based on the current Andritz share price.

GEA Presents 2018 Results and Set of Measures to Sustainably Strengthen Profitability
Technology group GEA has announced its definitive figures for fiscal year 2018. In addition, Stefan Klebert, GEA s new CEO, presented his analysis of the status quo and outlined the immediate action the company will take.

Grundfos Gains Further Global Market Share and Delivers High Sales in 2018
In 2018, net turnover in Grundfos increased by DKK 1.1bn to DKK 26.7bn, which is the highest level ever. Measured in local currencies, this equals an organic sales growth of 6.6 percent. Earnings before interest and tax (EBIT) grew by DKK 53m to DKK 2,400m.

Endress+Hauser Group Increases Sales, Earnings and Employment in 2018
Endress+Hauser’s business developed very positivel...Endress+Hauser’s business developed very positively across all regions and industries in 2018. The Group, one of the world’s leading providers of process and laboratory instrumentation, automation solutions and services, reports new highs in net sales, income and employment.

Georg Fischer: Successful Year and Major Strategic Transformation
GF grew again double-digit in 2018 to reach CHF 4,572 million. Free of acquisitions, divestments and currency effects, growth amounted to 7%, well above the 2020 strategy objectives of 3-5% per annum. The main pillar of organic growth has been GF Piping Systems, recording a high 8% organic growth rate for our largest division.

Successful Business Year: Vogelsang Increases Revenue
Vogelsang, a machine construction company based in...Vogelsang, a machine construction company based in Germany, increased its revenue by 6 percent to around 112 million euros in the financial year 2018. Key drivers for this development are the expansion of the Vogelsang subsidiaries in Germany and abroad as well as the growing global production.