To the press: Modest growth in Grundfos during the first half-year
(Thomson Reuters ONE) -
Pump giant Grundfos' first half-year was characterised by continued stagnation
in many markets. However, the company has performed positive growth, even though
the ambitious growth outlined by the management has not been achieved during
first half. The management has a more positive outlook for the second half and
is still expecting 2013 to become another good year for Grundfos.
The status of the Grundfos Group's first six months of 2013 shows a three per
cent growth and a turnover of 1.47 billion euro. Earnings amount to 59 million
euro.
"At best, the pump market is stagnating, and when seen in that light, our modest
growth is very reasonable. The first half-year is always weaker than the second
half-year in Grundfos, and it is our hope that the figures for growth, turnover
and earnings will develop positively for the entire year. So far, market
developments have not been favourable to us. Some markets do not perform as we
had planned. The half-year result is only just satisfactory", says Group
President and CEO Carsten Bjerg.
The highest growth figures are seen in China with 12 per cent and the Eastern
European countries with five per cent, while other Asian countries lag a little
behind the plans and Western Europe is stagnating.
"Our global sales organisation is making a great effort by being close to the
customers. At the same time, we continuously monitor our level of cost, adapt
the business and keep a watch on expenses. Everything is under control, and we
expect the 2013 result for the year to show satisfactory growth for the Group.
We are pleased that our financial strength remains more than intact with an
equity ratio of 66.2 per cent as against 64.7 per cent after the first half-year
last year", says Carsten Bjerg.
During the first half-year, Grundfos inaugurated a new factory in Serbia, opened
new regional headquarters in Chicago and set up a new sales company in Columbia.
Further information:
Frank B. Winther
Communication Manager, Corporate Communications:
Phone, direct: +45 87506923
E-mail: fwinther(at)grundfos.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Grundfos via Thomson Reuters ONE
[HUG#1725608]
Unternehmensinformation / Kurzprofil:
Datum: 29.08.2013 - 14:01 Uhr
Sprache: Deutsch
News-ID 292163
Anzahl Zeichen: 2853
contact information:
Town:
Bjerringbro
Kategorie:
Business News
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