Grundfos has reported the highest half-year earnings in the company’s history and the strongest sales growth rate for more than a decade.
For the first six months of 2021, earnings before interest and tax (EBIT) of DKK2017 million were up 89% on 2020, while profit after tax doubled to DKK1542 million.
Half-year 2021 net turnover was DKK14.1 billion, an increase of 18.4% on 2020 and up 7.1% compared with 2019 (pre-Covid-19 baseline).
“This is an outstanding result,” said Poul Due Jensen, Grundfos Group president and CEO. “Grundfos is financially stronger than ever which gives us the best possible platform for executing on our ambitious strategy and fulfill our purpose of contributing to solving the world’s water and climate challenges. I am proud of our performance, and the commitment of our employees. I cannot thank them enough.”
Grundfos has been able to maintain full production and ensure deliveries to customers despite the global challenges on material shortages and freight capacity following the pandemic.
“It is remarkable to experience the creativity and ability to find solutions that Grundfos employees are showing. Together we are navigating the uncertainties of the Covid-19 pandemic,” added Due Jensen.