Danfoss continues profitable growth
First nine months of 2019: Group sales grew by 4 % to EUR 4.8 billion. Danfoss delivered strong earnings (EBITA) of EUR 602 million, up by 5% compared with the first nine months last year, and an EBITA margin of 12.7%. Danfoss continued to drive a high level of investments in the future, driven by the focus on strengthening our core businesses and investments in digitalization and electrification.
"We are satisfied with the results for the first nine months of the year. Sales of energy-efficient products and electric solutions have grown, and our earnings increased – also in the third quarter. Although we are facing some uncertainty in the global economy, we continue to see good growth opportunities as our energy-saving solutions translate into the strengthened global focus on sustainability and green transition. Concretely, we see that in the dialog with our customers, and that is of course something we pursue,” says Kim Fausing, Group President and CEO.
2018 – a strong year for Danfoss
In 2018, Danfoss delivered strong growth of 7% in local currency. The growth was strong in the major markets of North America, Europe and China and led to robust financial results within range of guidance. The momentum was broadly based across Danfoss, and Danfoss Power Solutions, in particular, delivered a very strong year. During the year, Danfoss announced six acquisitions, which will contribute to strengthening our core businesses, digital offerings and solutions for electrification.