Grundfos reported a turnover of DKK 12.2bn in 2004, with a profit margin of 10.2%, achieving pre-tax profit goals ahead of schedule despite rising costs and a weakened dollar. Growth was driven by strong sales in the U.S., Russia, and China.

Investments reached DKK 1.5bn, supporting global expansion, new products, and R&D. The company’s commitment to social responsibility continued with UN-aligned standards for suppliers.