The primary owner of Grundfos, The Poul Due Jensen Foundation, is pleased to note that, in 2012, the Group managed to navigate and make wise decisions in a turbulent time. In spite of the stagnation in the world economy, management and employees have created sound growth, increased market shares and developed our financial position. The result is very satisfactory and meets the wishes and expectations that were presented at the beginning of the year. In particular, the introduction of a range of new products has been according to plan and has reinforced Grundfos’ position as market leader. The Foundation has been very satisfied with the constructive collaboration undertaken with Group Management, the Group Board of Directors and the many employees in relation to developing and strengthening Grundfos. Niels Due Jensen Chairman of the Board of the Foundation
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