Grundfos doubles the profitability and holds the course
(Thomson Reuters ONE) -
The pump Group doubles the profitability and has achieved sales growth during
the first half of 2015. The results are in line with the ambitions.
The turnover hits 11.9 bio. DKK against 11.1 bio. DKK last year (six months).
The profitability has doubled to 628m DKK. With this result Grundfos is
fulfilling the ambition of turning the declining profitability curve during the
last four years.
"We have done what we planned to do. We are pleased to see that the initiatives
taken during the last year are so far showing solid and positive results. But we
are of course still on the early stages of the journey, and the target is still
to stick to the plans for a higher profit rate and a sustainable growth", says
Group President Mads Nipper.
It is especially USA that are still delivering a solid sales growth of 15
percent in local currency, whereas Europe is stable with modest growth rates and
increasing market shares. In Russia the sales are decreasing as a consequence of
the difficult market conditions, whereas China is more or less unchanged caused
by reduced investment levels and uncertainly in the Chinese economy. Other
markets, such as South America, the Middle East and Japan are all contributing
positively to the growth of the Group.
"We are meeting intensified competition all over, but it is our evaluation that
we are still gaining market shares in most markets. The new Group Strategy is
being implemented with intensified customer focus, cost consciousness, better
service offerings, strengthened product leadership and more efficient value
chains. We are still having a long haul in front of us towards 2020, but we have
started out well. And despite tough competition and difficult market conditions
in several places, our foundation for creating improved results is better than
one year ago", says the Group President.
A new member will today extend the Group Management team as French Stéphane
Simonetta is today taking up the position as Group EVP for global production and
logistics. He comes from Honeywell Transportation Systems in Switzerland.
For further information:
Group VP, Communications Kim Nøhr Skibsted, phone +45 87506900 or +45 30525020.
Nipper_halfyear:
http://hugin.info/152821/R/1948969/708126.jpg
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Grundfos via GlobeNewswire
[HUG#1948969]
Unternehmensinformation / Kurzprofil:
Datum: 01.09.2015 - 11:44 Uhr
Sprache: Deutsch
News-ID 417120
Anzahl Zeichen: 3034
contact information:
Town:
Bjerringbro
Kategorie:
Business News
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