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Wilo surpasses AED 7.82 billion in net sales globally in 2023 | UAE News 24/7
WILO SURPASSES AED 7.82 BILLION
IN NET SALES GLOBALLY IN 2023
MAY 13, 2024 UAENEWS247
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.”
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