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.”