The Grundfos Group’s interim accounts for the first 6 months of 2010 show the company is back to the same level of turnover it experienced when it had its record year in 2008. The turnover result for the first six months of 2010 was 1.2 billion Euro which is a 12% increase compared with the same period in 2009.
Good growth patterns have been noted across all geographical regions, with the emerging markets of India and Russia showing particularly strong results, and China showing the largest increase at 40%.
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These results show that the strict cost management controls put into place for 2009/2010 have been successful, so much so that Grundfos are currently in a position where they are effectively debt-free, as the company could pay off all their debts and still have funds available for future investment.
Looking to year end, Group management expect the results for the second half of the year to be at least at the same level as the first half. Today the group employs a total of 16,149 staff and is the world’s largest pump manufacturer.
