Posts Tagged ‘turnover’

Grundfos: Significant sales and earnings growth in first half of 2017

Wednesday, August 30th, 2017 von admin

Net turnover reaches DKK 12.2 billion compared to DKK 11.6 billion in first half of 2016, which represents an increase of 5.8 percent (5.5 % in local currencies). Earnings before interest and tax (EBIT) increase by 26.9 percent compared to first half of 2016, from DKK 824 million to DKK 1,046 million.

“We continue disciplined execution of our 2020 Strategy. I am particularly pleased to see that our increased focus on growth pays off, and that we gain global market share, while continuing to improve earnings,” says Mads Nipper, Group President and CEO.


Grundfos delivers continued increase in profitability

Monday, March 13th, 2017 von admin

The net turnover reached 24.7bn DKK whereas earnings before interest and tax (EBIT) hit 2.2bn DKK. A strong second half of the year led to full-year growth of 0.5% in local currencies and net of divestments. EBIT increased approx. 200m DKK over last year, and – when adjusting for non-performance related items in 2015 and 2016 – performance EBIT increased 25% compared to 2015.

“Going into 2016, one of our top priorities was to continue the financial turnaround. With 25% increase in underlying EBIT, we are satisfied with the results we have achieved”, says Group President and CEO Mads Nipper and continues: “It is estimated that the global pump market served by Grundfos stayed flat in 2016. Our modest full-year sales growth therefore means that we have bolstered our position as the globally leading pump solutions provider. After a challenging 1st half of 2016, we are particularly happy that sales regained momentum in the 2nd half of 2016.”