Grundfos Annual Report 2011

Profit

Expectation for 2011 was a 7 per cent growth i turnover and an operation profit on a pair to 2010.

The operation profit for 2011 of DKK 2.0bn is approx. 10 per cent below the 2010 level of DKK 2.2bn, which is due to a number of long-term strategic initiatives. Still a good year for Grundfos.