Grundfos reports turnover growth
Grundfos Group has reported results for 2016 that saw net turnover increase and an improvement in earnings before interest and tax. Group president and CEO Mads Nipper (pictured) explained, It is estimated that the global pump market that we can serve remained flat in 2016. Our modest full-year sales growth means that we have bolstered our position as the globally leading pump-solutions provider.’
Full-year growth has been achieved in several significant markets, including the UK. However, Russia and the Greater Middle East continued to suffer from low activity levels, low oil prices and financial uncertainty.