Earnings before interest, taxes, depreciation and amortisation (EBITDA) also reached a new record high of EUR 217 million. The consolidated net income rose by over 20 per cent to EUR 75.2 million. Wilo quadrupled its cash flow from operating activities to EUR 164 million.
“On the one hand, this excellent development is due to the tireless efforts of the now almost 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.”
The Wilo Group has set the course for a strategic realignment in 2023. Its sustainability strategy now takes precedence over all other functional corporate strategies. Wilo has also invested heavily in modern and efficient corporate infrastructure and completed several acquisitions. For example, Wilo opened two new, state-of-the-art plants in India and China and acquired companies in the USA and Canada. “We have strengthened the basis for accelerated growth in the future – both in view of profitability and, above all, sustainability”, continues Hermes.
The multinational technology group has combined the publication of its 2023 financial figures with an appeal. The editorial of the Wilo Annual Report is entitled “Time for a turnaround”. “The Global North is the loser of the geoeconomic turnaround and urgently needs to change its view on global developments, especially those taking place in the Global South”, explains Hermes. “Global megatrends such as urbanisation have produced new dynamics for the Global South. These megatrends are increasingly turning the countries of the southern hemisphere into active players on the economic and political stage of a multipolar world.”
