Grundfos delivered report sales and earnings in 2021 with full yr web turnover of DKK28.7 billion and earnings before interest and tax (EBIT) of DKK3185 million.
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The Danish pump maker saw 2021 sales growth of 10.4% in native currencies, with full year 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 confronted supply chain constraints and increased costs on supplies, vitality and logistics providers which added strain on profitability.
Looking ahead, Grundfos Group president and CEO Poul Due Jensen mentioned there are a lot of uncertainties surrounding 2022.
“Our record outcomes give us a powerful foundation to face what might be a challenging 2022,” stated Due Jensen. “The invasion of Ukraine is firstly a tragedy for the Ukrainian individuals. The international repercussions are quick and much reaching and have led us to pause all business activities in Russia. On top of this, the inflationary pressures and supply chain constraints are aggravated, making the outlook for 2022 very unsure.”
Due Jensen mentioned they may continue to do their utmost to overcome these challenges in collaboration with clients and companions.
“Further, we’ll continue to passionately pursue our sustainability agenda and ship on our function to solve the world’s water and local weather challenges and enhance the standard of life for individuals,” said Due Jensen.