Continued profitable growth for Grundfos in an increasingly challenging global market

Grundfos reports continued momentum and sales growth in most markets with Western Europe, China, and the global Service Business as the main contributors.

Mads Nipper, CEO of Grundfos, said, “We are very satisfied with our financial performance for the first half of 2019. Revenue has grown in our core markets, and combined with disciplined control of costs, we deliver the highest ever sales and EBIT in a 1st half of the year.”

Nipper continued, “Our teams have done a fantastic job in an increasingly volatile market, and I am proud to see the dedication all over the world to deliver a positive impact on climate and water while running a profitable business.”

An increasingly uncertain market influences expectations for the second half of the year and the full-year outlook. Grundfos expects the global market to be affected negatively by trade barriers and a generally growing level of uncertainty. Hence, we expect a low single digit growth for all of 2019.

Sustainability Performance
The Grundfos purpose of pioneering solutions to the worlds water and climate challenges is at the core of all activities, and progress has continued during the 1st half of 2019.

During the first six months of 2019, the company has reduced its own energy consumption by 11 per cent and water usage with 10 per cent in operations compared to the same period last year. More importantly, it has also continued to contribute to significant energy savings for customers, bringing safe drinking water to people in need.

Mads Nipper said: “I am very proud that we continue our momentum and positive impact on the world’s water and climate challenges. This progress gives us confidence on the journey towards our 2025 and 2030 ambitions. Our commitment and sustainability ambitions form the foundation for our newly launched 2025 strategy.”