Grundfos secures record results in sales, employee satisfaction and customer loyalty

By OEM Update Editorial March 11, 2020 4:15 pm IST

In 2019, the net turnover at Grundfos increased by 3 percent to DKK 27.5 billion, which is the highest in Grundfos’ 75-year history. This corresponds to a 2.2 percent organic growth in local currencies compared to 2018. Earnings before interest and tax (EBIT) grew by 16 percent to DKK 2.8 billion, or 10.1 percent of turnover. Adjusted for items not related to the operations of the company, the performance EBIT reached 10.6 percent of net turnover, which makes 2019 the first year the Grundfos Strategy 2020 target of 10 percent return on net turnover has been achieved.

“We are happy with the financial result and very satisfied with our ability to drive continued growth while positively impacting the world’s climate and water challenges,” says Mads Nipper, CEO and Group President, Grundfos.

Further to the financial results, Grundfos reduced its own water consumption by 10.4 percent and CO2 emissions by 12.2 percent compared to 2018. Also, Grundfos realised its highest ever employee motivation and satisfaction score and repeated record-high customer loyalty and satisfaction results.