Xylem is updating its forecasted full-year 2019 revenue outlook to be in the range of $5.24 to $5.27 billion. On an organic basis, the U.S. headquartered firm’s revenue growth is adjusted to a range of 3-4% (approximately 1% on a reported basis) from previous guidance of 5-6%.
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The last three years has seen Xylem expands its dewatering pump rental and service portfolio across Europe and South Africa through a multi-million euro investment.
Xylem says the expansion initiative better enables it to meet demand from quarrying, mining, construction, industry and municipal customers across both markets. In addition, the investment has also supported the ambitious company’s global strategy to help build resilient communities, more prepared to respond to extreme weather events.
Xylem has opened expanded pump rental and service hubs in Paris, France; Bremen, Germany, and Madrid, Spain that are working in close partnership to serve customers across Europe.