Grundfos bounces back after COVID-19 revenue slump ...United Arab Emirates

Grundfos has revealed that it returned to “stronger sales traction” in the second half of 2020 after having been significantly impacted by COVID-19 in the first six months of the year. Overall revenue from sales from the year was only 1.0% below 2019 with the return on sales reaching 9.9% after the firm continued with its restructuring programme. Adjusted for these non-performance items Grundfos’ return on sales reached 11.1%, which is the second highest in the company’s history, added the company. “In a challenging year, Grundfos maintained a high customer satisfaction score and continued to deliver on its sustainability ambitions,” said the company in its financial statement. With full yea

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