Company Overview of Danfoss A/S
Danfoss A/S researches, develops, produces, sells, and services mechanical and electronic products worldwide. The company operates in two segments, Danfoss Climate & Energy and Danfoss Power Solutions. It offers refrigeration and air conditioning products, such as thermostatic expansion, solenoid, electronically operated, solenoid, water, safety, stop, and regulating valves; pressure and temperature regulators; electronic controls; line components; coils; pressure controls and thermostats; filter driers; sight glasses; contactors and motor starters; electronic controls; liquid level and appliance controls; condensing units; controls accessories and spare parts; compressors; heat exchangers; ...
Founded in 1933
Key Executives for Danfoss A/S
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Chief Operations Officer and Executive Vice President
President of Danfoss Power Electronics
Compensation as of Fiscal Year 2014.
Danfoss A/S Key Developments
Danfoss Reports Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015
Mar 25 15
Danfoss reported earnings results for the year 2014. Net sales grew to the record level of DKK 34.4 billion (EUR 4.6 billion) against DKK 33.6 billion (EUR 4.5 billion) in 2013, corresponding to 4% growth in local currency. The operating profit (EBIT) before other operating income/expenses was a record high of 12.7% of sales, amounting to DKK 4.4 billion (EUR 584 million) against DKK 3.9 billion in 2013, equal to an improvement of 13%. Free cash flow before M&A stood at DKK 3.4 billion (EUR 455 million) against DKK 3.5 billion (EUR 471 million) at December 31, 2013.
For the year 2015, net sales, including the full-year impact of the acquisition of Vacon, are expected to grow by 5%-10%. Underlying profitability is expected to improve slightly through the continuous operational improvements and the targeted strategic initiatives already launched. However integration cost in the first year of Vacon ownership is expected to keep operating profit (EBIT) before other income and expenses on a par with 2014.
Danfoss A/S Reports Earnings Results for the First Nine Months of 2014; Provides Earnings Guidance for 2014
Nov 6 14
Danfoss A/S reported earnings results for the first nine months of 2014. For the period, the company’s net sales were DKK 25,704 million against DKK 25,528 million in the year-earlier period, equal to 4% growth in local currency. Operating profit (EBIT before other operating income/expenses) was DKK 3,432 million against DKK 2,938 million in the year-earlier period, corresponding to an improvement of 17%. Cash flow before M&A was DKK 2,090 million against the record level of DKK 2,121 million last year.
For 2014, net sales are expected to show modest growth in local currencies in 2014. The operating profit is expected to grow at least in line with net sales.
Danfoss Introduces Higher Maximum Opening Pressure Differential
Jul 18 14
Danfoss adds higher maximum opening pressure differential (MOPD), UL approved BJ and BX coils to its existing product line. These higher MOPD coils are ideal for use with Danfoss AKVH electronic expansion valves to meet the rigorous demands of high pressure CO2 systems. As part of a continuous effort to improve the North American CO2 product portfolio, Danfoss introduces six higher MOPD, UL approved BJ and BX coils. These new coils have larger pulling force which enables larger AKVH valves to operate in CO2 systems. Similar to the current BJ and BX coils on the market, these higher MOPD BJ and BX coils feature a redesigned frame and robust encapsulation, for extended lifetime and durability, as well as a clip-on fastening system with an audible latch click to minimize installation time and ensure proper installation of the coil. The following specifications are based on the requirements of North American food retail systems. Basic specifications: Design in accordance with UL 429. Tested in harsh operating conditions from 40 - 122 degF. O-ring between coil and valve removed, for easy installation. Clip on function for secure connection. Redesigned frame, robust encapsulation. Covering standard voltage and frequency; two electrical connection versions. dvantages include: Faster installation, without the use of tools, with clip-on function. More accurate installation with audible latch click. More reliable operation with durable frame and robust encapsulation. Widely available making logistics easier for the customer. Complete product portfolio of valve and coil combinations for a range of standard and alternative refrigerant needs.
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