Annual report 2012: Danfoss delivers new strong results
Net sales were DKK 34,007m against DKK 33,904m in 2011, a change of 0% compared to the strong performance in 2011.
Operating profit excluding other operating income and expenses was DKK 3,705m against DKK 3,653m last year.
Operating profit (EBIT) was DKK 3,745m, an improvement of 3% over last year adjusted for exceptional income from divestitures of DKK 578m in 2011.
Net profit was DKK 2,357m compared to DKK 1,314m last year.
Free cash flow was DKK 2,924m against DKK 3,150m in 2012, which included an exceptional cash inflow of DKK 1,149m from divestments. Free cash flow before mergers and acquisitions (M&A) was DKK 3,019m compared to DKK 2,078m in 2011.
Net interest-bearing debt was DKK 2,691m against DKK 4,634m last year. The level of net interest-bearing debt was 0.5 times the previous four quarters' EBITDA.
The Solvency ratio was 51.1% against 44.8% in 2011.
Return on equity was 18% compared to 9% in 2011.
Dividend is proposed at 17% of the Group’s net profit, corresponding to 39.2% per share.