Danfoss Industries

Danfoss engineers' technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply, energy efficiency and climate-friendly solutions. Our products and services are used in areas such as refrigeration, air conditioning, heating, motor control and mobile machinery. We are also active in the field of renewable energy as well as district heating infrastructure for cities and urban communities. Our innovative engineering dates back to 1933 and today Danfoss is a world-leader, employing more than 27,000 employees and serving customers in more than 100 countries. We are still privately held by the founding family. Key figures from 2018: Sales grew by 5% to EUR 6,098m (2017: 5,827m), corresponding to an 7% growth in local currency. Operating profit (EBIT) amounted to EUR 648m (2017: 645m). The EBIT margin was 10.6% (2017: 11.1%). Net profit improved by 4% to EUR 463m (2017: 445m). Innovation spends increased 9% to EUR 255m (2017: 234m), corresponding to 4.2% of sales (2017: 4.0%). Since 2007, Danfoss has reduced its energy consumption by 43% and CO2 emissions by 25%, mainly driven by energy-saving projects in the largest factories across the world. Outlook 2019 For 2019, Danfoss expects to expand or maintain its market share, while increasing the profitability measured as margin compared with the 2018 level, following continued investments in digitalization and electrification.