Grundfos reports a sales growth of 13.9% and EBIT reaches 2,537m Danish krone for H1 of 2023

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 Due 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.”

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