Financials

Tomorrow’s engineering requires massive investments. With solid and sustainable financial results, Danfoss is a responsible and reliable partner.

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Kim Fausing, Danfoss President and CEO.

Danfoss came out of 2020 with strong results and expects growth in 2021

Danfoss came out of 2020 with strong results despite COVID-19. The high investments in innovation, digitalization and electrification continued. Towards the end of the year, the order books grew significantly. At the same time, Danfoss is well prepared to take in Eaton Hydraulics and ready for the global growth that is driven by the focus on green transition, infrastructure, and urbanization.

“I am very satisfied with our results and what we achieved in 2020. We delivered a significantly better financial performance in 2020 than we expected at the turn of the first half. Due to the uncertainty we experienced, we adjusted our cost to the lower activity level. The safety of our employees was our key priority. We kept our factories going globally, we serviced our customers, and strengthened our digital presence. Our teams around the globe have handled this difficult situation in a fantastic way. With their extraordinary efforts, we have been able to safeguard our strategic initiatives. We look forward to welcoming 10,000 new colleagues from Eaton Hydraulics; and we have prepared our company for the growth we will see in relation to the global megatrends that currently transform our world,” says Kim Fausing, President and CEO of Danfoss.

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