Danfoss comes out of the crisis strengthened
- Net sales increased by 31% to 31,550m DKK from 24,165m DKK in 2009. Calculated at last year’s exchange rate and adjusted for acquisitions and divestments, growth was 25%, compared with −12% in 2009.
- The result before other operating income and expenses was 3,400m DKK compared with −40m DKK the previous year.
- Operating profit (EBIT) was 3,264m DKK compared with −1,431m DKK the previous year.
- The result for the year was 1,378m DKK compared to −1,402m DKK the previous year. The result is considered very satisfactory.
- The free cash flow was 2,646m DKK compared to 964m DKK the year before, while the free cash flow, before M&A, was 2,792m DKK compared to 1,906m DKK in 2009.
- The net interest-bearing debt was 6,675m DKK compared to 9,144m DKK the year before. The current net interest-bearing debt level equals 1.3 x the EBITDA of the year.
- The dividend is proposed fixed at 10%.