KSB SE & Co. KGaA Preference (0BQE)

Profile

https://www.ksb.com

KSB SE & Co. KGaA Preference shares represent a class of preferred equity issued by KSB SE & Co. KGaA, a German multinational manufacturer of pumps, valves, and related systems headquartered in Frankenthal, Germany. Founded in 1871, the company specializes in centrifugal pumps, which comprise about 70% of sales, along with valves, control systems, and automation solutions for transporting, controlling, and shutting off fluids across diverse sectors including building services, industry, energy, mining, water transport, wastewater treatment, power plants, chemical processing, and marine applications. These preference shares, numbering 864,712 out of the company's total 1,751,327 shares, provide holders with priority over common shares in dividend payments and asset distribution upon liquidation, typically without voting rights, emphasizing income stability. KSB operates through three main segments—Pumps, Valves, and Service—with over 16,000 employees across 102 companies and 170 service centers worldwide, generating sales revenue of €2.965 billion and EBIT of €244.2 million recently. In the financial markets, these shares support the company's capital structure as a global leader in fluid handling technology, offering a dividend yield around 2.39% to 4.5% and playing a key role in industrial machinery exposure.