Page 45 - Wilo PR Report - May 2024

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 diversification
Company holds significant potential 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 continues to grow
profitably and sustainably. Despite a challenging market environment, the multinational
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, depreciation, and amortisation (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 operating
activities to AED 641.09 million.

“On one hand, this excellent development is due to the tireless 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 action. Wilo’s consistent strategic focus on sustainability
and diversification has allowed us to remain extremely successful, despite the economic
downturn.”

https://www.tradingview.com/news/reuters.com,2024-05-13:newsml_Zaw9LjSXS:0-pressr-wilo-surpasses-aed-7-82bln-in-net-sales-
globally-in-2023-with-strong-focus-on-sustainability-and-
diversification/#:~:text=UAE%3A%20Wilo%20Group%2C%20a%20leading,to%20grow%20profitably%20and%20sustainably.