Page 37 - Wilo PR Report - May 2024

Wilo Surpasses AED 7.82 Billion In Net Sales Globally In 2023 With Strong Focus On Sustainability And Diversification

Wilo Surpasses AED 7.82 Billion In Net Sales Globally

In 2023 With Strong Focus On Sustainability And

Diversifica on

Date
5/13/2024 5:11:01 AM

(MENAFN- Dubai PR Network) Company holds significant poten al 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 con nues to grow profitably and sustainably. Despite a

challenging market environment, the mul na onal 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, deprecia on, and amor sa on (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 opera ng ac vi es to AED

641.09 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

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