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Financial Information
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Global crisis cuts growth and accounting technique results in zero-profit

  • Net sales increased by 22% to 27,127m DKK from 22,196m DKK in 2007. When adjusted for acquisitions (including Sauer-Danfoss), divestments and foreign currency translations, growth was 2% compared to 12% in 2007.
  • The result before other income and expenses fell to 687m DKK from 1,634m DKK in 2007, which was a decrease of 58%. The result was negatively affected by, among other things, accounting adjustments amounting to 386m DKK following the purchase of the controlling interest in Sauer-Danfoss.
  • Adjusted EBIT was 891m DKK compared with 1,687m DKK the year before.
  • Adjusted EBIT margin, measured against the EBIT before costs and depreciations as a result of the re-evaluation of assets and liabilities in connection with company acquisitions, was 3.3% compared with 7.6% last year.
  • Operating profit (EBIT) was 410m DKK compared with 1,616m DKK the year before.
  • The profit before tax decreased to -125m DKK from 1,378m DKK. Profit for the year was -157m DKK compared with 1,063m DKK the year before. Danfoss’ profit for the year (excl. Sauer-Danfoss) was 342m DKK compared with 1,063m DKK.
  • The Board proposes that the dividend for the 2008 financial year be fixed at 20%, compared with 25% in 2007.
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