Grundfos posts report outcomes for 2021

Grundfos delivered document sales and earnings in 2021 with full yr net turnover of DKK28.7 billion and earnings before curiosity and tax (EBIT) of DKK3185 million.
Poul Due Jensen, Grundfos CEO and group president.
Illusive noticed 2021 gross sales development of 10.4% in local currencies, with full year return on sales reaching eleven.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 materials, energy and logistics services which added pressure on profitability.
Looking forward, Grundfos Group president and CEO Poul Due Jensen mentioned there are lots of uncertainties surrounding 2022.
“Our document results give us a robust basis to face what shall be a difficult 2022,” said Due Jensen. “The invasion of Ukraine is firstly a tragedy for the Ukrainian individuals. The world repercussions are quick and far reaching and have led us to pause all business actions in Russia. On high of this, the inflationary pressures and provide chain constraints are aggravated, making the outlook for 2022 very uncertain.”
Due Jensen said they will proceed to do their utmost to beat these challenges in collaboration with customers and companions.
“Further, we’ll proceed to passionately pursue our sustainability agenda and deliver on our purpose to solve the world’s water and climate challenges and enhance the standard of life for people,” said Due Jensen.
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