Grundfos gained significant market share by managing to grow sales organically by 5.3 percent. Profitability and cash flow continued to be strengthened in 2017. Growth was generally strong across the world, but particularly China contributed with very high growth rates. European markets (including the UK, Spain, France and several eastern European countries) showed solid growth and the important Russian market recovered after several years of decline. Despite challenging market conditions, growth was also delivered in the US. Gains have been made in South America despite difficulties in the Brazilian market. Sales also increased in countries such as Australia, Japan, India and Korea, where Grundfos is a large-scale supplier to the machine tool industry.


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