Grundfos announces encouraging half-year results
Grundfos Pumps has released half-year results for 2017 that show that the Group have gained global market share with a net turnover increase of 5.8%, as well as seeing EBIT increase to 26.9% in comparison to the same period in 2016.
China and Russia were among the countries showing the strongest growth, but many other markets in Europe, the Middle East and the Latin America have also delivered positive results with the Service business also contributing to the overall performance.
The company says it is particularly encouraging that the results have been achieved in a time of continuing global uncertainty. They also demonstrate that the disciplined approach to the Group’s 2020 Strategy is working in tandem with other digital and product-based developments to continue to drive the business forward.