Grundfos delivered record gross sales and earnings in 2021 with full 12 months internet turnover of DKK28.7 billion and earnings before curiosity and tax (EBIT) of DKK3185 million.
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The Danish pump maker saw 2021 sales development of 10.4% in native currencies, with full 12 months return on gross sales reaching 11.1%. 2021’s profit after tax was DKK2590 million, up from DKK1931 million in 2020.
Throughout digital pressure gauge of 2021, Grundfos faced provide chain constraints and increased prices on materials, power and logistics companies which added strain on profitability.
Looking forward, Grundfos Group president and CEO Poul Due Jensen said there are lots of uncertainties surrounding 2022.
“Our document outcomes give us a strong foundation to face what shall be a difficult 2022,” mentioned Due Jensen. “The invasion of Ukraine is first and foremost a tragedy for the Ukrainian people. The international repercussions are instant and much reaching and have led us to pause all business actions in Russia. On prime of this, the inflationary pressures and supply chain constraints are aggravated, making the outlook for 2022 very uncertain.”
Due Jensen said they may proceed to do their utmost to overcome these challenges in collaboration with clients and companions.
“Further, we will continue to passionately pursue our sustainability agenda and deliver on our function to solve the world’s water and local weather challenges and improve the quality of life for individuals,” mentioned Due Jensen.
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