March 23, 2017
“Going into 2016, one of our top priorities was to continue the financial turnaround.
With 25% increase in underlying EBIT, we are satisfied with the results we have achieved”, says Group President and CEO Mads Nipper and continues: “It is estimated that the global pump market served by Grundfos stayed flat in 2016. Our modest full-year sales growth therefore means that we have bolstered our position as the globally leading pump solutions provider. After a challenging 1st half of 2016, we are particularly happy that sales regained momentum in the 2nd half of 2016.”
“The competition is fierce in our markets and we constantly need to focus on
offering the most innovative solutions and the best delivery service to our
customers, while at the same lowering our cost base”, says Mads Nipper and
adds, “During 2016, we have accelerated investments in our strategic focus
areas like our service business and development of digitally enabled offerings.
We will continue our transformation in these areas the coming years – with the
aim of always adding further value to our customers”, Mads Nipper states.