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A difficult heat pump market affects Grundfos

Grundfos reviews a first half-year with decreasing revenue

On Wednesday morning, Grundfos announced its financial results for the first half of 2024.

In line with their own expectations, the pump giant experienced a slowdown in sales compared to the record results of the first half of 2023. Overall, revenue dropped by 9 percent to DKK 16.3 billion.

While the company's total sales are affected by a more subdued demand, Grundfos has, however, seen growth in key markets such as the USA, India, and the UK.

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