IN FOCUS

In an environment marked by geopolitical uncertainty, rising interest rates and negative exchange rate developments, GEA’s business has continued to perform well, with a further improvement in its key financial figures and another dividend increase proposed.

Grundfos delivered healthy sales growth in 2023 while reducing its own water and energy footprint as well as supporting customers in lowering their water and energy consumption.

With sales of CHF 465 million, the Kistler Group recorded growth of 7.1 percent in 2023, or 14.2 percent adjusted for currency effects. At CHF 429 million, incoming orders remained below expectations and 14.8 percent below the previous year’s result. Despite difficult market conditions, Kistler is investing in innovation and the development of new markets.

Sulzer reports strong results for 2023 with a sales increase of 13.2% compared to the previous year and a marked increase in operational profitability. Order Intake in 2023 increased by 13.9% with all three divisions contributing to this performance.

Endress+Hauser has developed strongly in its 70th anniversary year. The specialist for measurement technology and automation solutions increased its consolidated sales by 11 percent to more than 3.7 billion euros in 2023.

Franklin Electric Co., Inc. announced its fourth quarter and full year financial results for fiscal year 2023. Fourth quarter 2023 net sales were $473.0 million, compared to fourth quarter 2022 net sales of $489.4 million. Fourth quarter 2023 operating income was $50.8 million, compared to fourth quarter 2022 operating income of $56.2 million. Fourth quarter 2023 EPS was $0.82, versus EPS in the fourth quarter 2022 of $0.84.

Xylem Inc. reported fourth-quarter and full-year 2023 results. The company’s total revenue of $2.1 billion surpassed prior guidance, on continued strong execution and demand. Fourth-quarter earnings exceeded Xylem’s previous guidance.

Pentair plc today announced fourth quarter 2023 sales of $985 million. Sales were down 2 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 2 percent in the fourth quarter.

In December 2023, WILO SE successfully secured the largest financing package in its over 150-year company history. A promissory note loan (Schuldscheindarlehen) totalling 270 million euros was placed in the international capital market and a syndicated loan totalling 300 million euros was refinanced among the core banks.

According to a new report published by Allied Market Research, the submersible pumps market size was valued at $12.7 billion in 2022, and is estimated to reach $24.4 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.