EQS-News: KSB SE & Co. KGaA
/ Key word(s): Miscellaneous
KSB share moves up to the SDAX
FRANKENTHAL: The preference share of the Frankenthal-based pump and valve manufacturer will be included in the German share index SDAX from 18 December 2023. The decisive criterion for promotion is the market capitalisation of KSB's freely tradable preference shares. In total, the market capitalisation of all preference and ordinary shares now amounts to around one billion euros.
Dr Stephan Timmermann, CEO, is delighted: "The inclusion in the SDAX reflects KSB's outstanding development. It will undoubtedly further strengthen the company's brand, visibility and positioning in the market environment."
Around 20 per cent of the preference shares are held by the KSB Foundation via Johannes und Jacob Klein GmbH. The remaining preference shares have been traded on the stock exchange since 1895. The price of KSB preference shares has almost tripled in the last three years.
The German share index for so-called small caps comprises the 70 largest companies below the MDAX stocks in terms of market capitalisation and stock exchange turnover. The companies listed in the SDAX are representative of the traditional sectors in Germany.
KSB is a leading international manufacturer of pumps and valves. The Frankenthal-based Group has a presence on five continents with its own sales and marketing organisations, manufacturing facilities and service operations. With a workforce of around 15,700, the KSB Group generated sales revenue of € 2.6 billion in 2022.
06.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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 |
EQS News ID: | 1790835 |
End of News | EQS News Service |
|
1790835 06.12.2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.