KSB : Annual Financial Report KSB Group including among others Financial Statements and Management Report

KSB Group

Annual Report 2020

KSB Profile

KSB is a leading supplier of pumps, valves and related service. Our reliable, high-efficiency products are used in applications worldwide where fluids need to be transported or shut off, covering everything from building services, in- dustry, chemicals and petrochemicals as well as water transport to waste water treatment, power plant processes and mining. Wherever our customers are in the world, more than 190 service centres are on hand to provide local inspec- tion, servicing, maintenance and repair services under the KSB SupremeServ brand. Our success - and that of our customers - is based on innovative technology born of the company's research and development activities and the commitment of its employees, whose passion has defined KSB for 150 years.

GENERAL		BUILDING		PETRO-
INDUSTRY		SERVICES	CHEMICALS /	WATER
				CHEMICALS

			KSB
ENERGY	MINING	VALVES	SUPREMESERV

Fields of application for our products

KSB pumps and valves are primarily used to transport or shut off all kinds of fluid. Their efficient and reliable operation is taken care of by around 3,500 service specialists worldwide offering inspection, servicing, main- tenance, repairs and consultancy services.

2020 in Figures

Order intake

Sales revenue

€ 2,143 € -310 m | -12.6%	€ 2,208 € -175 m | -7.4 %
million	million

EBIT

Employees

€ 70.2 € - 43.4 m | -38.2 %	15,076 at 31 December 2020
million

Compared with 2019

Management and Issues 2020

Group ManagementReport

Consolidated Financial Statements

General Information

1	3
Management and Issues 2020	Consolidated Financial Statements
4	Management	78	Balance Sheet
6	To Our Shareholders	80	Statement of Comprehensive Income
8	Report of the Supervisory Board	82	Statement of Changes in Equity
16	A Look Back at 2020	84	Statement of Cash Flows
20	Separate Combined Non-financial Report	85	Notes
	33 Limited Assurance Report on the		144	List of Shareholdings
	Combined Non-financial Report		148	Supervisory Board
			150	Legal Representatives
			152	Proposal on the Appropriation
				of the Net Retained Earnings of
				KSB SE & Co. KGaA

2 4

Group Management Report	General Information
38	Basic Principles of the Group	156	Responsibility Statement
	38	Group Business Model	157	Independent Auditor's Report
	40	Control System	170	Glossary
	41	Research and Development	172	Contacts
42	Economic Review

42 Macroeconomic Environment and Sector View

	43	Business Development and Results	Cover
		of Operations
	48	Financial Position and Net Assets	KSB Profile
	51	Summary of the Performance in the	Fields of Application for Our Products
		Financial Year	Global Presence
52	Report on Expected Developments	Financial Calendar
54	Opportunities and Risks Report
64	Disclosures Relating to KSB SE & Co. KGaA (HGB)
70	Acquisition-related Disclosures	Key to Symbols
72	Corporate Governance Statement (Section 315d
	HGB in Conjunction with Section 289f HGB)		Reference to table

1. Statement on the Non-financial Report (Section 315c in Conjunction
   with Sections 289c to 289e HGB)
2. Remuneration Report

KSB Group / Annual Report 2020

Management and Issues 2020 3

1

Management and Issues 2020

• Management

• To Our Shareholders

• Report of the Supervisory Board
  16 A Look Back at 2020
  20 Separate Combined Non-financial Report
  33 Limited Assurance Report on the Combined Non-financial Report

Management and Issues 2020

Group ManagementReport

Consolidated Financial Statements

General Information