Strong growth momentum continued
All in all, Danfoss saw good growth in the first nine months, and we are maintaining our expectations for the year. Global megatrends such as digitalization, electrification and solving climate change are creating demand for Danfoss technology.
"The increasing focus on solving climate change makes our energy-efficient technologies more relevant than ever before. At the same time, our customers increasingly demand more intelligent systems, for example, for buildings and supermarkets, which use our advanced digital solutions to use less energy and limit the risk of food loss," says Kim Fausing, President and CEO.
2017 – a strong year for Danfoss
In 2017, Danfoss delivered the highest sales growth in six years, achieving strong results in line with expectations after significant investments in digitalization and growth initiatives.
The group’s strong performance was driven by broad-based momentum in all four business segments, led by Danfoss Power Solutions that delivered an exceptional performance. All regions contributed with growth. China and North America stood out with a significant increase in sales.