Grundfos delivered record gross sales and earnings in 2021 with full yr internet 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 sales progress of 10.4% in native currencies, with full yr return on gross sales reaching 11.1%. 2021’s profit after tax was DKK2590 million, up from DKK1931 million in 2020.
Throughout the second half of 2021, Grundfos confronted provide chain constraints and increased prices on materials, vitality and logistics services which added stress on profitability.
Looking forward, Grundfos Group president and CEO Poul Due Jensen said there are a lot of uncertainties surrounding 2022.
“Our document outcomes give us a strong foundation to face what will be a challenging 2022,” stated Due Jensen. “ diaphragm seal of Ukraine is firstly a tragedy for the Ukrainian individuals. The international repercussions are immediate and much reaching and have led us to pause all enterprise actions in Russia. On prime of this, the inflationary pressures and provide chain constraints are aggravated, making the outlook for 2022 very unsure.”
Due Jensen mentioned they may proceed to do their utmost to overcome these challenges in collaboration with customers and partners.
“Further, we will continue to passionately pursue our sustainability agenda and ship on our purpose to resolve the world’s water and climate challenges and enhance the quality of life for folks,” mentioned Due Jensen.