Grundfos announces strongest half-year results in company history

Chennai: Pump and water solutions provider Grundfos on Tuesday reported the highest earnings in company history and highest sales growth rate for more than a decade in their 2021 half-year results.

The company reported a sales growth of 18.4 per cent with a net turnover of DKK (Danish Krone) 14.1 billion. The company’s earnings before interest and tax (EBIT) stood at DKK 2,017 million, an increase of 89 per cent compared to 2020 and has delivered record high profitability and cash flow in their 2021 half-year report.

“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,” Poul Due Jensen, Group President & CEO of Grundfos said.

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, the company said in a statement.

Source link

Share Market Today