A year of strong growth and increased investments
While delivering robust financial results, Danfoss continues to invest in new technologies to drive growth and customer relevance.
“For the second year in a row, Danfoss has seen strong growth. We continue to win market share as we are reaping the fruits of our targeted work with strategic growth initiatives and increased investments in leading technologies. Furthermore, our solutions are relevant to several strong global megatrends, such as increased electrification, urbanization and solving climate-change challenges. These trends are driving a growing demand for smarter and more sustainable solutions, making Danfoss more relevant than ever before,” says Kim Fausing, 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.