Page 26 - Wilo PR Report - May 2024

UAE Business: Wilo surpasses $2.13bn in global net sales globally in 2023
environment, achieved record net sales of around AED7.82

billion ($2.13 billion) in the 2023 financial year. This

corresponds to a currency-adjusted increase of 10.4%

compared to the previous year.

Earnings before interest, taxes, deprecia on, and amor sa on

(EBITDA) also reached a new record high of AED848.27 million.

The consolidated net income rose by over 20 per cent to

AED293.96 million. Wilo further quadrupled its cash flow from

opera ng ac vi es to AED641.09 million.

“On one hand, this excellent development is due to the reless

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 ac on. Wilo’s consistent strategic

focus on sustainability and diversifica on has allowed us to

remain extremely successful, despite the economic downturn.”

Resilient growth

The company con nues to succeed globally, while also

demonstra ng resilient growth in the Middle Eastern market by

providing advanced pump technologies for diverse sectors,

par cularly wastewater management in the Mena region. With

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