Grundfos posts document outcomes for 2021

Black market delivered report sales and earnings in 2021 with full year net turnover of DKK28.7 billion and earnings before curiosity and tax (EBIT) of DKK3185 million.
Poul Due Jensen, Grundfos CEO and group president.
The Danish pump maker saw 2021 sales progress of 10.4% in local 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 confronted provide chain constraints and increased costs on supplies, power and logistics services which added strain on profitability.
Looking ahead, Grundfos Group president and CEO Poul Due Jensen mentioned there are lots of uncertainties surrounding 2022.
“Our record results give us a strong foundation to face what will be a challenging 2022,” mentioned Due Jensen. “The invasion of Ukraine is firstly a tragedy for the Ukrainian individuals. The world repercussions are instant and much reaching and have led us to pause all enterprise actions in Russia. On top of this, the inflationary pressures and supply chain constraints are aggravated, making the outlook for 2022 very unsure.”
Due Jensen mentioned they’ll 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 objective to solve the world’s water and local weather challenges and improve the quality of life for individuals,” stated Due Jensen.
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