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, Executive President & CEO, Danfoss

Strong performance in first half

First half 2019: Danfoss delivered a strong performance in a toughening market, continued to push high investments in innovation, and acquired technology within electrification. Group sales grew by 4 % to 3.2 billion euro, but the second quarter was characterized by a market growth slowdown in several industries. Danfoss' earnings (EBIT) amounted to 351 million euro, which is close to the very strong results from the first half last year, when adjusted for the gains from last year’s divestment of the heat pump business Thermia. The EBIT margin was 11.1 %.

"We will continue to invest to strengthen Danfoss in the long term and secure future growth. That is the core of our strategy and the way we can remain at the forefront and be the most attractive technology partner for our customers," Kim Fausing says.

Financial announcements

Interim announcements