Page 54 - Wilo PR Report - May 2024

Wilo surpasses AED 7.82 billion in net sales globally in 2023 with

strong focus on sustainability and diversification

 14/05/2024

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
2023, and continues to grow pro

achieved record net sales of around AED 7.82 billion in the 2023
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.
consolidated net income rose by over 20 per cent to AED 293.96 million. Wilo further quadrupled its cash

AED 641.09 million.

“On one hand, this excellent development is due to the tireless e
every day,” explains Oliver Hermes, President & CEO of the Wilo Group. “On the other hand, it is the result of determined entre

action. Wilo’s consistent strategic focus on sustainability and diversi
economic downturn.”
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