Grundfos Announces Strongest Half-Year Results in Company History

10.09.2021
Grundfos reports the highest earnings in company history and highest sales growth rate for more than a decade in their 2021 half-year results.
Grundfos Announces Strongest Half-Year Results in Company History

Poul Due Jensen, Group President & CEO of Grundfos (Image source: Grundfos/ Morten Fauerby, MONTGOMERY)

Grundfos doubles its EBIT compared to the first half of 2020 to DKK 2,017m and delivers record high profitability and cash flow in their 2021 half-year report. Sales have increased by 18.4% compared to 2020 and 7.1% compared to 2019 (pre-COVID-19 baseline).

“This is an outstanding result. Grundfos is financially stronger than ever which gives us the best possible platform for executing on our ambitious strategy and fulfill our purpose of contributing to solving the world’s water and climate challenges. I am proud of our performance, and the commitment of our employees. I cannot thank them enough,” says Poul Due Jensen, Group President & CEO of Grundfos.

Grundfos’ global supply chain has been able to maintain full production and ensure deliveries to customers despite the global challenges on material shortages and freight capacity following the pandemic. This has been instrumental to support the sales growth and to secure the record financials.

“It is remarkable to experience the creativity and ability to find solutions that Grundfos employees are showing. Together we are navigating the uncertainties of the COVID-19 pandemic,” says Poul Due Jensen and continues, “It is thanks to their hard work and dedication that we have been able to meet our customers’ expectations.”

Source: Grundfos

More articles on this topic

The Grundfos Foundation Sponsors INTO DUST

26.08.2021 -

The Grundfos Foundation is proud to partner with Academy Award-winning film director, Orlando von Einsiedel to present INTO DUST. This scripted film is based on a true and important story that brings attention to the value of water by celebrating those who work relentlessly to secure the necessary solutions.

Read more

Grundfos SCALA1 With Intelligent Pump Control

24.08.2021 -

As homeowners increasingly look to digitalisation to make their living space easier, more comfortable and more efficient, Grundfos announced the launch of SCALA1 in Malaysia. This innovative water booster pump offers intelligent connectivity that allows control over your home water systems, right from your smartphone.

Read more

Grundfos Partners with Barghest Building Performance

20.07.2021 -

Grundfos and Barghest Building Performance (BBP), a Singapore-based energy efficiency technology provider, have signed a memorandum of understanding to deliver and scale an innovative energy-efficient digital solution across Southeast Asia. The solution can help reduce energy consumption of cooling systems by up to 40%, meeting the region’s urgent need for sustainable cooling solutions.

Read more

Emile Egger Tests Elbow Pumps under Real Conditions

10.05.2021 -

At Emile Egger, a global manufacturer of centrifugal pumps and Iris control valves, products are tailor-made according to customer specifications. A few years ago, the company analyzed its customers’ requirements and then embarked on further developments of RPP/RPG elbow pumps to optimize them for higher flow rates and lower relative differential heads.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

  • Advertisement
  • JOB MARKET