Company Overview of Danfoss A/S
Danfoss A/S develops, manufactures, sells, and services engineering solutions worldwide. It operates through four segments: Danfoss Power Solutions, Danfoss Cooling, Danfoss Drives, and Danfoss Heating. The Danfoss Power Solutions segment designs, manufactures, and sells engineered hydraulic and electronic components for system solutions, including hydrostatic transmissions, mobile electronics and software, orbital motors, steering components, and proportional valves. This segment provides its products and solutions to original equipment manufacturers (OEMs) and distributors for market segments, such as agriculture, construction, road building, material handling, turf care, and specialty. Th...
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
Segment President of Danfoss Heating
President of Danfoss Global Services
Compensation as of Fiscal Year 2015.
Danfoss A/S Key Developments
Danfoss Group Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Financial Guidance for the Year 2016
Mar 16 16
Danfoss Group reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. In 2015, the Group delivered net sales at DKK 38,031 million against DKK 34,375 million last year. The improvement corresponds to 11% growth. In local currency the growth was 5%. The Group's earnings (EBIT excluding other operating income/expenses) were DKK 4,235 million against DKK 4,356 million last year. EBIT was DKK 4,097 million against DKK 3,925 million, equal to an improvement of 4%. Net profit growth was 13%. The Group delivered a strong free cash flow before M&A at DKK 3,397 million against DKK 3,389 million last year. Operating profit before depreciation, amortization, impairment and other operating income and expenses etc. was DKK 6,148 million compared to DKK 6,079 million a year ago. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 6,021 million compared to DKK 5,661 million a year ago. Profit before tax from continuing operations was DKK 3,741 million compared to DKK 3,476 million a year ago. Cash flow from operating activities was DKK 4,667 million compared to DKK 4,351 million a year ago. Net profit was DKK 2,597 million compared to DKK 2,290 million a year ago. Acquisition of intangible assets and property, plant and equipment was DKK 1,176 million compared to DKK 996 million a year ago. Free cash flow was DKK 3,048 million compared to negative DKK 6,225 million a year ago. Return on equity was 17.6% compared to 18.4% a year ago.
For the quarter, net sales were DKK 9,309 million compared to DKK 8,670 million a year ago. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 1,443 million compared to DKK 1,135 million a year ago. Operating profit (EBIT) was DKK 956 million compared to DKK 647 million a year ago. Profit before tax was DKK 911 million compared to DKK 447 million a year ago. Net profit was DKK 702 million compared to DKK 274 million a year ago. Cash flow from operating activities was DKK 4,667 million compared to DKK 4,351 million a year ago. Acquisition of intangible assets and property, plant and equipment was DKK 1,176 million compared to DKK 996 million a year ago. Free Cash flow was DKK 3,048 million compared to DKK 6,225 million a year ago.
The company provided financial guidance for 2016. The company expects to maintain or expand its market share while maintaining EBIT margin at level with 2015.
Danfoss to Introduce New Retrofit Products at 2016 IIAR Industrial Refrigeration Conference and Exhibition
Feb 29 16
Danfoss announced that it will celebrate 10 years of ICF innovation at the 2016 IIAR Industrial Refrigeration Conference & Exhibition by unveiling two multifunction control valves that deliver significant reductions in cost, energy, and servicing and maintenance times. Danfoss ICF multifunction control valves serve as a replacement for most conventional mechanical, electro-mechanical and electronically operated valves on the market, thereby providing a number of advantages in the design phase of a refrigeration plant as well as in the installation, service and maintenance. ICF control solutions consist of one valve housing, plus a maximum of four or six function modules. In addition to unveiling the new products and presenting those who already depend on at Booths 821 and 823 of the exhibition, Danfoss will hold a Technomercial session on Tuesday, March 22, 2016 from 11:15-11:45 AM to showcase its pioneering control solutions of the past 10 years, and hint at whatâ s in store for the next decade. The IIAR Industrial Refrigeration Conference & Exhibition is the world’s conference dedicated exclusively to industrial refrigeration; it will be held at the Caribe Royale All Suite Hotel & Convention Center in Orlando, Florida from March 20 – 23, 2016.
Danfoss Launches New JS1 Joystick Platform with Initial Release of JS1-H Family
Feb 16 16
Danfoss announced the launch of its new JS1 platform of joysticks, led by the release of the JS1-H family for heavy-duty applications. The platform is based on strong engineering experience and expertise with joystick functionality and user preferences. The JS1-H family combines a professional look, touch and feel with superior quality, making the joysticks not only operationally and technically impressive but also safe, reliable and effective for mobile machinery. The JS1-H family of joysticks offers a versatile solution designed for use in heavy-duty mobile machinery such as wheel loaders, dozers, dumpers, trenchers and haulers in the construction market, as well as pavers, graders, rollers and milling machines in road-building. The proven intelligent mobile control solutions from Danfoss can be customized for application needs in several ways, including button and switch placement, and selection between three different bases and five different grip types that ensure smooth and comfortable operation. Additionally, the design is easily integrated into OEMsâ existing development projects, saving time and money in machine design work. Following the release of the JS1-H family, additional offerings within the new JS1 platform will be introduced in the coming year. Benefits of the JS1-H: Customers will benefit from the following offerings of the new JS1-H joysticks: Customizable solutions: To provide customizable solutions for OEMs and Danfoss distributors, the JS1-H family of joysticks gives customers the ability to select from a standard portfolio. This consists of three base options - single axis with spring return or friction hold and dual axis with spring return and five ergonomically tested grip-type options. Additionally, push buttons, rollers and other controls on each can be custom-positioned; Smart compatibility: All of JS1-H grip options are compatible with all base options, making upgrading as simple as swapping in a new component. Plus, there will be six standard electrical interfaces available for ease of configuration and selection; Superior performance: For superior performance, a joystick's integration into the system it is controlling must be both seamless and simple, and several features of the JS1-H joysticks enable full control. First, the design allows the family to be implemented on just about any machine requiring joystick control. Additionally, the JS1-H is PLUS+1®-compliant for added control based on data and programing. This simple development platform makes building and implementing software fast and easy - reducing the cost associated with custom-built code while maintaining quality performance; and Faster and more flexible fulfillment times: Because OEMs and Danfoss distributors can select from the JS1-H standard portfolio, machine manufacturers are able to reduce the cost of stocking joysticks, and support faster and more flexible fulfillment times. The easy integration with PLUS+1 and fulfillment speed also ensure that development times and expenditures are fast and efficient. Even distributors can select, assemble and test customized options, in accordance with well-defined quality standards and processes, for rapid prototyping. This helps significantly minimize the development time of prototypes and reduce the time to market for new machines.
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