Grundfos posts record outcomes for 2021

Illegal delivered record sales and earnings in 2021 with full 12 months net turnover of DKK28.7 billion and earnings earlier than interest and tax (EBIT) of DKK3185 million.
Poul Due Jensen, Grundfos CEO and group president.
The Danish pump maker saw 2021 sales progress of 10.4% in local currencies, with full yr return on sales reaching 11.1%. 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, power and logistics providers which added pressure on profitability.
Looking ahead, Grundfos Group president and CEO Poul Due Jensen stated there are plenty of uncertainties surrounding 2022.
“Our document outcomes give us a strong foundation to face what will be a difficult 2022,” said Due Jensen. “The invasion of Ukraine is firstly a tragedy for the Ukrainian people. The international repercussions are immediate and much reaching and have led us to pause all business actions in Russia. On prime of this, the inflationary pressures and provide chain constraints are aggravated, making the outlook for 2022 very uncertain.”
Due Jensen stated they’ll proceed to do their utmost to overcome these challenges in collaboration with customers and partners.
“Further, we’ll continue to passionately pursue our sustainability agenda and ship on our function to solve the world’s water and climate challenges and enhance the standard of life for individuals,” stated Due Jensen.

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