The Wilo Group’s business development in 2023 shows once again that the consistent implementation of a strong strategy and – now more than ever – multilateral actions are required. Those who build bridges, change perspectives and drive long-term and sustainable innovation will also be able to navigate safely through challenging times in the future.
TIME FOR A TURNAROUND!
WHY WE NEED TO TAKE A NEW LOOK AT GLOBAL DEVELOPMENTS.
URBANISATION is on the advance around the world. The proportion of the population living in cities will increase to 70 percent by 2050. This development will be driven primarily by the Global South and will impose enormous requirements on countries and societies to build the necessary critical infrastructure to ensure that the population is supplied with sufficient resources. Wilo delivers products, systems and solutions to handle these tasks.
AROUND 2.5 BILLION more people will live in cities by 2050 than today, many of them in large and very large cities. The majority of these urban areas are located in the Global South.
By 2050, the global number of cities with a population of over 10 million will rise to 47. Particularly metropolises in the Global South show how urban landscapes are changing.
AROUND THE WORLD, new cities are being planned and built. All of them are in the Global South. Each one of them represents an important change in urban planning, combining the pursuit of modernisation, sustainability and economic progress with the ability to successfully tackle a wide range of urban challenges.
Cities like New Delhi or Canberra were once created on the drawing board. Today, new planned cities with visionary concepts for smart, sustainable living spaces are springing up all over the world.
CLEAN WATER and adequate nutrition are the foundations on which every human society is built. Guaranteeing security of supply already presents many places with major challenges today, not least in the rapidly growing metropolises that are home to millions of people. Wilo offers solutions for tackling them.
Innovative megaprojects such as the Sebou project in Morocco and the Toshka project in Egypt play an important role in dealing with water scarcity and lack of resources.
Oliver Hermes, President and CEO of the Wilo Group
Ladies and gentlemen,
Our world has changed radically in recent years. From the COVID-19 pandemic to Russia’s war of aggression against Ukraine to the escalating Middle East conflict and the increasingly tangible effects of climate change: What these manifold highly complex crises have in common are their far-reaching consequences beyond the directly affected societies or economic systems and the lack of quick and easy solutions.
Nevertheless, the Wilo Group continued on its sustainable, profitable growth path in 2023. Although general economic conditions worsened over the course of the year, we generated net sales of around EUR 2 billion and operating earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 217 million in the past financial year.
We thus achieved another record for net sales and earnings in 2023. This excellent development is due firstly to the tireless efforts of our approximately 9,000 employees, who work every day to make our multinational technology group Wilo successful. Secondly, this success is based on our long-term, progressive corporate strategy and its consistent implementation.
In a challenging market environment, the Wilo Group successfully pursued its continous,profitable growth course. Net sales increasedonce again, while operating earnings before interest, taxes, depreciation and amortisation (EBITDA) also reached a new record high. Moreover, the Wilo Group again invested heavily in modern and efficient company infrastructure, thereby strengthening the basis for accelerated and profitable growth in the future. Thanks to successful acquisitions in the US and Canada as well as targeted investments in China and India, the company intensified its international market presence and further enhanced its regional diversification.
