Sales came to a complete halt at Grundfos

While earnings have improved at the pump manufacturer, revenue has not budged, according to the latest annual report.

Sales have virtually stopped but earnings have improved significantly, shows the 2016 annual report from Danish pump manufacturer Grundfos, released Monday afternoon.

"We grew, albeit not much," says Group CEO, Mads Nipper, at the press conference in Bjerringbro, Denmark.

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