Record earnings and profits for Grundfos Pumps

Published:  21 May, 2006

The sales of Grundfos Pumps grew by 10.4% to £1253 million last year. The company’s sixtieth year also saw its largest-ever pre-tax profit of £116 million, despite relatively high prices of materials and a weak US dollar. 2005 became the third consecutive year of record earnings.

All business areas contributed to sales growth: 20% in Eastern Europe; over 40% in Russia; 16% in Asia; and 13% in North America.

The emphasis on research and development continued with a highest-ever investment of £55 million and capital investments again exceeding DKK1 billion (£93 million). Much of the capital investment was spent on establishing new factories in China, India, Russia and Hungary, with a total production area of 55 000 m2.

Group president Jens Jørgen Madsen, says, ‘Based on a very positive second half of 2005, we have entered 2006 full of optimism. So far we have had a very strong start, with an increase in turnover during the first two months of 13%. The outlook for the coming months is also fairly positive, so we are well on our way to maintaining high sales growth for 2006.’



comments powered by Disqus

Search

Welcome

Welcome to Modern Building Services Online, the web edition of Modern Building Services (MBS) journal and the UK's most popular Building Services engineering site. Modern Building Services covers the entire Building Services Engineering industry. This site contains archived content from the journal, plus web-specific content.

When you go to our digital edition, you can also access the archive of digital editions.
August 2018: DIGITAL EDITION

ARCHIVE OF DIGITAL EDITIONS

Modern Building services has a group
on Linkedin - join us!

BESA conference 2018

Jobs

  • Building Energy Management Systems (BEMS) Engineer

      Consistently rated amongst the world's best universities, Imperial College London is a science-based institution with a reputation for excellence in teaching and research. Imperial has one of the largest and most diverse university estate portfolios in......

  • Engineering Technical Assistant

      Consistently rated amongst the world's best universities, Imperial College London is a science-based institution with a reputation for excellence in teaching and research. Imperial has one of the largest and most diverse university estate portfolios in......

  • Mechanical Engineer

      Coventry University is a dynamic, modern university with a proud tradition as a provider of high quality education and a focus on applied research. The University ranked 13th in the Guardian University Guide 2019 and was voted ‘Modern University of the......

more jobs »

Poll

"Is the Building Services industry lagging behind in the implementation of BIM?"



Calendar