Financial information

  • Kim Fausing
  • Danfoss delivers strong growth in the first quarter

    Danfoss had a strong start to 2017, characterized by continued growth momentum. 

    • Strong financial performance and results in line with expectations.
    • Group sales grew 13% to DKK 10.7 billion (EUR 1.4 billion). 
    • Strong growth of 11% in local currency.
    • Operating profit (EBIT) improved 7% to just over DKK 1 billion (EUR 139 million), corresponding to an EBIT margin of 9.7%.
    • Net profit up 12% to DKK 691 million (EUR 93 million).
    • Cash flow from operating activities increased 20% to DKK 528 million (EUR 71 million).
    • Investments increased 58% to DKK 386 million (EUR 52 million).
    • Free cash flow of DKK 143 million (EUR 19 million). 
    • Outlook 2017 confirmed: We expect to maintain or expand our market share, while maintaining the profitability measured as margin at the 2016 level, following significant investments in digitalization. 

     

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