CPH Post

Marketplace

Grundfos: stirring the growth

Pump company Grudfos counts its first half-year gains and losses


Strong performance, despite European markets lagging behind (Photo: grundfos.com)

September 4, 2014
14:38

by Yuliya Hudoshnyk


Earlier this week the pump company Grundfos released its results for the first half of 2014, indicating a strong position. The company reported profits of 301 million Danish kroner before taxes. Grundfos reports on steady growth in the US and Chinese markets with increases of 12 and 18 percent respectively.

Obstacles
The situation in other parts of the world is not so stable though. This is reflected on Grundfos's profits especially in Europe. The conflict between Ukraine and Russia has affected income, particularly due to fluctuating exchange rates. “We are definitely not satisfied with this, so we need to secure a cost reduction while at the same time having increased focus on the customers throughout the organisation,” underlines Mads Nipper, company’s Group President.

According to the annual report in 2013, the company’s largest markets were China, Russia and Germany, with sales in the United States “not satisfactory”. The first half of 2014 shows a changed picture, with the European markets lagging behind.



Related stories



Latest Comments

Http://youtu.be/OMTuyMkyesw

(Buzzy Sørensen on October 29, 2014 23:34)

At first I thought it was something for shooting cops. But I see that wasn't...

(Jim Lawrence on October 29, 2014 21:31)

We are being invaded again.

(Tom Therkelsen on October 29, 2014 18:46)

I'd rather pay double price than to support Michael O'Leary and his vile,...

(Christian Edinger on October 29, 2014 18:21)

Completely agree. I have a startup in NYC and the entrepreneurial culture and...

(Sumeera Rasul on October 29, 2014 18:04)

The only way to go

(Ian Finch on October 28, 2014 17:52)

Farserede porrer?

(Bill Jones on October 28, 2014 14:04)

When the people debating and deciding the issues of your country are not even...

(Paulo Claro on October 28, 2014 10:09)

I think we are going to have a lot of fun with this AEC-guys, if they are...

(Jens Rost on October 28, 2014 08:08)

The ones that should be 3rd on that list should be the DR license men

(Line Dalsgaard on October 27, 2014 21:02)