Grundfos delivered record sales and earnings in 2021 with full year internet turnover of DKK28.7 billion and earnings before interest and tax (EBIT) of DKK3185 million.
Poul Due Jensen, Grundfos CEO and group president.
The Danish pump maker noticed 2021 sales development of 10.4% in local currencies, with full year return on sales reaching eleven.1%. 2021’s revenue 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, energy and logistics services which added pressure on profitability.
Looking forward, Quick and CEO Poul Due Jensen said there are a lot of uncertainties surrounding 2022.
“Our document results give us a strong basis to face what will be a challenging 2022,” mentioned Due Jensen. “The invasion of Ukraine is firstly a tragedy for the Ukrainian folks. The international repercussions are quick and far reaching and have led us to pause all business activities in Russia. On top of this, the inflationary pressures and provide chain constraints are aggravated, making the outlook for 2022 very uncertain.”
Printable said they will proceed to do their utmost to overcome these challenges in collaboration with clients and partners.
“Further, we will continue to passionately pursue our sustainability agenda and ship on our function to unravel the world’s water and local weather challenges and improve the standard of life for individuals,” stated Due Jensen.
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