An ever-changing world requires us to be at the forefront I am very happy to open this edition of Gmagazine. Our global employee magazine has been praised for being very successful in building bridges and creating understanding and connection between employees across national borders, cultures and job functions. It is a great task to cover all aspects and tell both the big and small stories. Communication in a global company like ours is a constant, dynamic and valuable process. Our group is growing and undertakes lots of activities in many countries. At the same time, it is our experience that the need for information is increasing. Never before have we produced so many news items as in our own internal media. And never before have we had so many readers. Yet, this makes it important for us to stay constantly up to date. The challenge lies in controlling the flow and ensuring that we get the right news. At the right time. The world around us is constantly changing, and we need to change and adapt in line with the current trends in the market. Today, this development is taking place quicker and more intensely than we have previously seen. This is also the case within our own spheres of activity. At the time of writing this, we are more than half-way through the year, and after a number of start-up problems, we have managed to catch up positively. The half-year results look sensible, and we are slightly ahead of our economic targets. Personally, however, I remain somewhat concerned about the difficult economic situation that a large part of the world finds itself in. This situation will last longer than expected and may affect us in both the short term and the long term. In the short term, the situation in Southern Europe remains very difficult, and the major European markets are facing challenges. In China, growth now takes place at a somewhat slower pace. Fortunately, the crisis does not affect the whole world. We have experienced good sales results in Russia and the US, and globally, we have managed to win significant and important market share. And this is precisely the way that we can make a difference in the markets. I have great expectations for the results of the major investments we have made in product development in recent years. Very significant new solutions have already been launched, and more are on the way. We must be able to take market share based on these investments and thus create growth that exceeds what is possible by the general developments in the market. Product investment is not our only area of activity – I see a similar potential in our investments in competences and processes throughout the organisation, not least our sales organisation. Therefore, we should not continue to let short-term market conditions overshadow our long-term ambitions and plans. We know which direction to go in. And our strategies are in place. A turbulent world calls for different approaches to create growth in various market segments and geographies. The total pump market continues to grow, and it is our ambition to grow more than the market. 32 Rendezvous in Rome for promising shooting stars Exchange of motors paves the way for great climate advantages 4 Enjoy reading the magazine. Carsten Bjerg Group President 6 8 15 16 20 26 Vitamin shot to leadership Meet your colleague Correct behaviour is up for discussion The daughter is older than the mother Grundfos values seen through the eyes of children
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