Grundfos: stirring the growth

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

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.

TOP STORIES

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • How internationals can benefit from joining trade unions

    How internationals can benefit from joining trade unions

    Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.

  • Internationals in Denmark rarely join a trade union

    Internationals in Denmark rarely join a trade union

    Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.

  • Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.

Want to advertise your job with CPH Post?

Contact us

Jobs