IN FOCUS

The general assembly approved the yearend result for 2022 for the DESMI Group – a record-high net revenue of DKK 1,880 million and a profit before tax of DKK 199.5 million, which is considered very satisfactory under the given preconditions in the market and the political tensions globally.

GEA has raised its outlook for fiscal year 2023 following a strong first quarter. Revenue is now forecast to grow on an organic basis by more than 8.0 percent (previously: more than 5.0 percent). EBITDA before restructuring expenses at constant exchange rates is expected to be at the upper part of the range between EUR 730 million and 790 million (previously: range between EUR 730 million and 790 million).

Xylem Inc. reported first-quarter revenue of $1.4 billion, surpassing prior guidance, with strong commercial and operational execution.

Watts Water Technologies, Inc., announced results for the first quarter of 2023.

Franklin Electric Co. Inc. announced first quarter financial results for fiscal year 2023. First quarter 2023 sales were $484.6 million, compared to first quarter 2022 sales of $451.5 million.

International technology group ANDRITZ has started the 2023 business year with unchanged high growth dynamics despite a slowing global economy. Revenue and operating result both increased significantly by well over 20 percent in the first quarter of 2023 compared with the same period of the previous year.

Pentair plc announced first quarter 2023 sales of $1.0 billion. Sales were up 3 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 3 percent in the first quarter.

Mats Rahmström, President and CEO of the Atlas Copco Group, comments on the report for Q1:

he Wilo Group has had a successful financial year in 2022. The multinational technology group generated a new record turnover of around 1.9 billion euros in the year marking its 150th anniversary. Wilo thus increased its sales revenues by 14.2 percent. The company’s earnings before tax (EBITDA) rose by 8.6 percent to 196.7 million euros.

Orders YoY +31.2% organic, driven by double digit growth in all divisions. Order backlog increased to CHF 2.1bn. 2023 guidance confirmed.