Wilo reports achieving record sales

DORTMUND, Germany, 21 April 2022: The Wilo Group reported that it ended the fiscal year 2021 with record sales of nearly EUR 1.7 billion euros. Despite persistently difficult conditions, the Group said, it increased its sales revenue by 13.8%.

Earnings before taxes (EBITDA) also reached an all-time high of EUR 181.1 million, the company said. This represents an increase of more than 30%m, it added. “The pleasing results speak a clear language: The Wilo Group is ideally positioned to achieve sustainable, profitable growth, even in difficult times and under unfavourable economic conditions,” said Oliver Hermes, President and CEO, Wilo Group.

 Wilo said the unforeseeable situation in the middle of Europe and the Coronavirus pandemic, which has been ongoing for over two years, also intensified the global decoupling tendencies in the past financial year.

Multinational alliances are being called into question, economic cooperation structures are being dissolved, supply chains are being subject to sanctions and embargoes are being imposed, it said. “More and more, German and European companies are getting caught between the fronts of geopolitical disputes,” Hermes pointed out.

Wilo said it specifically has been encountering these developments for years and, to this end, further expanded its global presence in the past financial year. Among other things, Wilo said, it invested more than EUR 170 million in the construction and expansion of sales and production locations in the modernisation and expansion of production facilities, acquisitions and takeovers.

Wilo said that in line with the “region-for-region” approach, it strengthened the American market, among others. North America, in particular, has become one of the most important sales markets in recent years, it said, adding that the acquisition of QuantumFlo, Inc., a specialist in booster sets and intelligent pump systems, completed in fiscal 2021, consolidated its market position. In addition, new state-of-the-art production and administration buildings were, and are being, built in the United States, China and India, it said.

Today, Wilo said, it has a presence around the globe, through its global network of more than 80 production and sales companies. Hermes said this is another reason for the robust success in the past financial year.

In 2021, Wilo said, it also received awards for its commitment to combating climate change. Among them are the German Sustainability Award 2021, the Ecovadis Sustainability Rating in Gold, and the title of “Climate Pioneer” (Handelsblatt), which it said, are proof of its innovation leadership.

Wilo said it is regarded in the industry as one of the pioneers in climate protection and has set itself the goal of saving 50 million tons of CO₂ by 2025, thus making a substantial contribution to reducing emissions. Hermes said: “Wilo is also leading the way as a pioneer in the hydrogen era: As part of the implementation of our dedicated hydrogen strategy, the “H₂ Powerplant” will be open at the Wilopark in Dortmund. This will serve as a self-sufficient, decentralized, and regenerative solution for secure energy supply.”

UAE, US commit to jointly tackle climate challenge

ABU DHABI, UAE, 5 April 2021: The United Arab Emirates and the United States announced their joint commitment to tackle the climate challenge in a Joint Statement that stresses the importance and urgency of raising global climate ambition. Both countries announced their intent to cooperate on new investments in financing decarbonisation across the MENA region and beyond, and to focus on assisting the most vulnerable adapt to the effects of climate change.

H.E. Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and the UAE’s Special Envoy for Climate Change, said: “Together with the US, the UAE has affirmed that decisive, proactive climate action can be an engine for economic growth and sustainable development. Building on the legacy and experience of the UAE, which has demonstrated a longstanding commitment to sustainable development and today operates three of the world’s largest solar facilities, we will focus, together with the US, on joint efforts on renewable energy, hydrogen, industrial decarbonization, carbon capture and storage, nature-based solutions, and low-carbon urban design.

“The UAE is rich in opportunities with the world’s lowest solar power costs, and significant carbon capture investments. We look forward to sharing our experience with the international community to turn climate action into economic opportunity.”

Noting the progress made by many leading companies, both countries agreed to work closely with the private sector to mobilize the necessary investment and technology resources needed to stem the climate crisis and support the economy.

At the national level, the United States and the United Arab Emirates confirmed their intent to work towards decarbonising their economies according to their national circumstances and economic development plans, including reducing carbon emissions by 2030.

The United States and the United Arab Emirates stressed their commitment to the implementation of the Paris Agreement and promote the success of the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow.

The Joint Statement emerges from the UAE Regional Dialogue for Climate Action, held on April 4. The event convened climate leaders from across the MENA region and unveiled a new era of cooperation in the region for a future focused on prosperity through climate policy, investment, innovation and sustainable economic growth.

The Dialogue drew the participation of high-level dignitaries from across the region as well as critical global partners and organisations. Participants included COP26 President-Designate, Alok Sharma and US Special Envoy for Climate, John Kerry, together with ministers and high-level representatives from the UAE, Oman, Kuwait, Bahrain, Qatar, Egypt, Jordan, Morocco, Iraq, Sudan and the International Renewable Energy Agency (IRENA). The event further reinforced the UAE’s regional climate leadership, providing a common ground for participating nations to build a shared vision for climate action ahead of COP26.