Half year result 2023: Grundfos delivers solid financial performance

Grundfos logo

In Industrial Associate

Grundfos reports a sales growth of 13.9% and earnings before interest and tax (EBIT) reaches DKK 2,537m.

“We are very satisfied with the financial results for the first six months of this year. We went into 2023 with a very strong order backlog, and with the efforts of my colleagues around the globe and improved supply chains, we have been able to deliver strong growth,” says Poul Due Jensen, Group President & CEO of Grundfos.

The positive result of the first six months is a valued foundation for more challenging times ahead, explains the CEO. “We see signs of a general market slowdown, and our customers are lowering their stock levels, resulting in a lower order intake. Despite this, we are determined to deliver a satisfactory full-year result.”

Poul Due Jensen continues, “There is, more than ever, a dire need for our energy efficient products and solutions across the globe, and we will for the better of our planet continue to pursue possibilities to help our customers save energy and water.”

Financial highlights H1 2023:

  • Sales growth 13.9%
  • Revenue DKK 18.1bn
  • Earnings before interest and tax (EBIT) before special items DKK 2,537m

About Grundfos

Grundfos pioneers solutions to the world’s water and climate challenges and improves quality of life for people. As a leading global pump and water solutions company, we promise to respect, protect, and advance the flow of water by providing energy and water efficient solutions and systems for a wide range of applications for water utilities, industries, and buildings. Find out more: grundfos.com  

Grundfos is an Industrial Associate of CIPHE, to see the full list of Industrial Associates check out the directory HERE