Strong growth momentum continued
Danfoss continued the strong performance during the first six months of 2018 with increased sales and strong earnings.
"We have maintained strong momentum across our business segments. Our solutions are relevant to several strong global megatrends, such as urbanization and the fight against climate change, which are driving a growing demand for energy efficiency and smarter digital solutions. The transition of the global energy supply to greener energy is driving another trend towards electrification. Here, too, we can see that our customers are looking to Danfoss as a technology partner who matches their future needs for solutions for hybrid or fully electric cars, ships and off-highway vehicles," 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.