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Poul Due Jensen, Group President & CEO – Grundfos

Denmark: Grundfos has reported the highest earnings in company history and the highest sales growth rate for more than a decade in their 2021 half-year results.

  • Sales growth of 18.4%
  • Net turnover of DKK 14.1bn
  • Earnings before interest and tax (EBIT) of DKK 2,017m, an increase of 89% compared to 2020

Grundfos had doubled its EBIT compared to the first half of 2020 to DKK 2,017m and delivered a record high profitability and cash flow in their 2021 half-year report. Sales have increased by 18.4% compared to 2020 and 7.1% compared to 2019 (pre-COVID-19 baseline).

“This is an outstanding result. Grundfos is financially stronger than ever which gives us the best possible platform for executing 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,” says Poul Due Jensen, Group President & CEO of Grundfos.

Grundfos’ global supply chain 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. This has been instrumental to support sales growth and securing the record financials.

“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,” says Poul Due Jensen and continues, “It is thanks to their hard work and dedication that we have been able to meet our customers’ expectations.”

Grundfos pioneers solutions to the world’s water and climate challenges and improves the quality of life for people. As a global pump and water solutions company it provides expertise in energy- and water-efficient solutions and systems for a wide range of applications, including water utility, water treatment, industries, and buildings.

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