Grundfos books another record-breaking result despite limited growth

After 2019 saw several downgrades, Grundfos CEO Mads Nipper concludes the firm's accounting with another record-breaking result before interest and taxes. Growth has stagnated, however, and 2020 will be a tough year, the CEO concedes.

BY SIMON VALEUR, CLEANTECHWATCH

As expected, global economic turmoil has had a negative impact on Grundfos' books. The company presents another record year measured in revenue and primary operating result, despite limited growth, according to the annual report published by the foundation-owned [Poul Due Jensen Foundation, 86-percent equity position, -ed.] pump manufacturer Monday morning.

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