Grundfos Annual Report 2005

Result

In the year 2005, which was also the year of Grundfos’ 60th jubilee, the Group achieved its largest ever pre-tax profit of DKK 1,254m. Thus – despite relatively high material costs and a weak US dollar – it was the third consecutive year of record earnings. The positive result can primarily be attributed to a substantial growth in sales combined with an increased focus on controlling costs and investments. Turnover increased by a good 10.4 per cent to DKK 13.42b