Page 8 - Wilo PR Report - May 2024

Press release

Wilo surpasses AED 7.82 billion in net sales globally in

2023 with strong focus on sustainability and diversification

Company holds significant potential in the Middle East and Africa pump market,
which is expected to grow to USD 11.93 billion by 2028

UAE, May 13, 2024

Wilo Group, a leading pump manufacturer and digital pioneer in the pump industry,

reveals remarkable financial results for the fiscal year 2023, and continues to grow
profitably and sustainably. Despite a challenging market environment, the

multinational technology group achieved record net sales of around AED 7.82 billion
in the 2023 financial year. This corresponds to a currency-adjusted increase of

10.4 per cent compared to the previous year.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also

reached a new record high of AED 848.27 million. The consolidated net income rose
by over 20 per cent to AED 293.96 million. Wilo further quadrupled its cash flow

from operating activities to AED 641.09 million.

“On one hand, this excellent development is due to the tireless efforts of our nearly
9,000 employees. They work to achieve Wilo’s success every day,” explains Oliver

Hermes, President & CEO of the Wilo Group. “On the other hand, it is the result

of determined entrepreneurial action. Wilo’s consistent strategic focus on
sustainability and diversification has allowed us to remain extremely successful,

despite the economic downturn.”

The company continues to succeed globally, while also demonstrating resilient

growth in the Middle Eastern market by providing advanced pump technologies for