Grundfos delivered report gross sales and earnings in 2021 with full yr 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 gross sales progress of 10.4% in local currencies, with full 12 months return on sales reaching eleven.1%. 2021’s profit after tax was DKK2590 million, up from DKK1931 million in 2020.
Throughout the second half of 2021, Grundfos faced supply chain constraints and elevated costs on materials, vitality and logistics providers which added pressure on profitability.
Looking forward, Grundfos Group president and CEO Poul Due Jensen mentioned there are plenty of uncertainties surrounding 2022.
“Our report results give us a robust foundation to face what shall be a difficult 2022,” stated Due Jensen. “The invasion of Ukraine is first and foremost a tragedy for the Ukrainian people. The international repercussions are immediate and far reaching and have led us to pause all business actions in Russia. On high of this, the inflationary pressures and supply chain constraints are aggravated, making the outlook for 2022 very uncertain.”
Due Jensen stated they will proceed to do their utmost to beat these challenges in collaboration with prospects and partners.
“Further, pressure gauge are going to 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 standard of life for people,” mentioned Due Jensen.
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