Page 40 - Wilo PR Report - May 2024
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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







































        Wilo surpasses AED 7.82 billion in net sales globally in 2023 with strong focus on sustainability and
        diversifica on


        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 consistent strategic focus on
        sustainability and diversifica on has allowed us to remain extremely successful, despite the economic
        downturn.”


        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

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