Grundfos delivered document gross sales and earnings in 2021 with full year web turnover of DKK28.7 billion and earnings earlier than curiosity and tax (EBIT) of DKK3185 million.
Poul Due Jensen, Grundfos CEO and group president.
pressure gauge noticed 2021 gross sales progress of 10.4% in native currencies, with full 12 months return on sales reaching eleven.1%. 2021’s revenue after tax was DKK2590 million, up from DKK1931 million in 2020.
Throughout the second half of 2021, Grundfos faced supply chain constraints and increased costs on materials, power and logistics providers which added stress on profitability.
Looking forward, Grundfos Group president and CEO Poul Due Jensen mentioned there are plenty of uncertainties surrounding 2022.
“Our document results give us a robust basis to face what might be a challenging 2022,” mentioned Due Jensen. “The invasion of Ukraine is first and foremost a tragedy for the Ukrainian folks. The global repercussions are immediate and much reaching and have led us to pause all business actions in Russia. On high of this, the inflationary pressures and supply chain constraints are aggravated, making the outlook for 2022 very uncertain.”
Due Jensen stated they’ll continue to do their utmost to beat these challenges in collaboration with customers and partners.
“Further, we’ll continue to passionately pursue our sustainability agenda and deliver on our function to resolve the world’s water and local weather challenges and improve the quality of life for folks,” mentioned Due Jensen.
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