Pump solutions and water technologies company Grundfos has reported a sales growth of 13.9% for the first 6 months in 2023. With a revenue of 18.1bn Danish krone, the group president and CEO Poul Jensen said, “We went into 2023 with a strong order backlog, and with the efforts of my colleagues around the globe and improved supply chains, we have been able to deliver growth.”
The result is a foundation for more challenging times ahead, added the CEO. “We see signs of a general market slowdown, and customers are lowering their stock levels, resulting in a lower order intake. Despite this, we are determined to deliver a satisfactory full-year result.”
