Annual Report 2019: A year of strong earnings and increased investments
While delivering strong financial results, we continued to invest in our core businessses to remain at the forefront and be the most attractive technology partner for our customers.
“2019 was a good year for Danfoss. We increased our earnings and we grew despite difficult market conditions. The global mega-trends continue to transform the world, creating new opportunities for Danfoss. For example, the high global focus on solving climate changes is creating increasing demand for technologies and solutions within energy efficiency, sector coupling, and electrification and green energy. In this context, Danfoss’ solutions are more relevant than ever before,” says Kim Fausing, Danfoss President and CEO.
2019 – A good year for Danfoss
Danfoss increased the sales by 3% to EUR 6.3 billion and delivered strong operating profits (EBITA), that grew 6% to EUR 771 million with an EBITA margin of 12.3% - a record high operating profit level from a historical perspective. Cash flow from operating activities increased 17% to a very strong EUR 789 million. During the year, Danfoss announced four acquisitions, which will contribute to strengthening our core businesses, digital offerings and solutions for electrification.