Grundfos records strongest growth last year

“We have achieved the highest turnover in company history, our sales growth far exceeded the market trend, and we are well on our way to our 2020 ambition of an EBIT ratio of 10% or higher,” says Group President Mads Nipper. 

Growth was generally strong across the world, but particularly China contributed with very high growth rates. Grundfos further expanded with more sales offices across China and succeeded in offering solutions to support its plans to reduce its energy consumption significantly. 

European markets, including the UK, Spain and several Eastern European countries, showed solid growth, and the important Russian market recovered after several years of decline. 

Despite challenging market conditions, growth was also delivered in the US. “Sales also rose in countries such as Japan, India and Korea, where Grundfos is a large-scale supplier to the machine tool industry,” he says.