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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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