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February 12, 2016 6:52 PM ET

Machinery

Company Overview of Danfoss A/S

Company Overview

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; ...

Nordborgvej 81

Nordborg,  6430

Denmark

Founded in 1933

23,488 Employees

Phone:

45 74 88 22 22

Fax:

45 74 49 09 49

Key Executives for Danfoss A/S

Chief Executive Officer and President
Age: 49
Chief Financial Officer and Executive Vice President
Age: 46
Chief Operations Officer and Executive Vice President
Age: 51
President of Danfoss Power Electronics
Age: 50
Division President
Age: 50
Compensation as of Fiscal Year 2015.

Danfoss A/S Key Developments

Danfoss A/S Reports Earnings Results for the Third Quarter and Nine Months of 2015; Confirms Earnings Guidance for the Year 2015

Danfoss A/S reported earnings results for the third quarter and nine months of 2015. For the third quarter, the company’s net sales were DKK 9,483 million compared to DKK 8,784 million a year ago. Operating profit before depreciation, amortization, impairment and other operating income and expenses was DKK 1,749 million compared to DKK 1,802 million a year ago. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 1,745 million compared to DKK 1,737 million a year ago. Operating profit (EBIT) was DKK 1,273 million compared to DKK 1,323 million a year ago. Profit before tax was DKK 1,141 million compared to DKK 1,237 million a year ago. Net profit was DKK 778 million compared to DKK 828 million a year ago. For the nine months, the company’s net sales were DKK 28,722 million against DKK 25,704 million a year ago. The improvement corresponds to 12% growth including the additional sales coming from the Finnish drives manufacturer Vacon, which Danfoss acquired in the latter part of 2014. In local currency the growth was 6%. Operating profit before depreciation, amortization, impairment and other operating income and expenses was DKK 4,716 million compared to DKK 4,653 million a year ago. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 4,578 million compared to DKK 4,526 million a year ago. Operating profit (EBIT) was DKK 3,141 million compared to DKK 3,278 million a year ago. Profit before tax was DKK 2,830 million compared to DKK 3,029 million a year ago. Net profit was DKK 1,895 million compared to DKK 2,016 million a year ago. Cash flow from operating activities was DKK 2,986 million compared to DKK 2,754 million a year ago. Acquisition of intangible assets and property, plant and equipment was DKK 656 million compared to DKK 711 million a year ago. Free cash flow was DKK 2,037 million compared to negative free cash flow of DKK 839 million a year ago. The Group's earnings (EBIT excluding other operating income/expenses) were DKK 3,274 million against DKK 3,432 million last year. The company’s expectations for 2015 are confirmed. The net sales (reported) forecast, including the full-year impact of the acquisition of Vacon, is expected to grow by 9% to 14%. Underlying profitability is expected to slightly improve 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) excluding other income and expenses on par with 2014. The expectations do not include the impact of potential divestments, discontinued activities, or acquisition of companies/activities.

Danfoss A/S Reports Group Earnings Results for the Second Quarter and First Half Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

Danfoss A/S reported group earnings results for the second quarter and first half ended June 30, 2015. For the first half, the company reported total net sales of DKK 19,239 million against DKK 16,920 million in the same period last year. The improvement corresponds to 14% growth including the additional sales coming from the Finnish drives manufacturer Vacon, which Danfoss acquired in the latter part of 2014. Cash flow from operating activities was DKK 1,121 million against DKK 1,071 million a year ago. Free cash flow was DKK 480 million against negative free cash flow of DKK 1,602 million a year ago. The free cash flow before M&A was slightly above the year-earlier period, while the group's earnings (EBIT excluding other operating income/expenses) were at level with last year. Operating profit before depreciation, amortization, impairment and other operating income and expenses was DKK 2,966 million against DKK 2,851 million a year ago. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 2,833 million against DKK 2,789 million a year ago. Operating profit excl. other income and expenses was DKK 2,000 million against DKK 2,039 million a year ago. Operating profit (EBIT) was DKK 1,955 million against DKK 1,868 million a year ago. Profit before tax was DKK 1,689 million against DKK 1,792 million a year ago. Net profit was DKK 1,187 million against DKK 1,117 million a year ago. For the quarter, the company reported net sales of DKK 9,854 million against DKK 8,617 million a year ago. Operating profit before depreciation, amortization, impairment and other operating income and expenses was DKK 1,556 million against DKK 1,450 million a year ago. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 1,481 million against DKK 1,448 million a year ago. Operating profit excl. other income and expenses was DKK 1,070 million against DKK 1,043 million a year ago. Operating profit (EBIT) was DKK 997 million against DKK 1,042 million a year ago. Profit before tax was DKK 906 million against DKK 959 million a year ago. Net profit was DKK 608 million against DKK 632 million a year ago. Net interest-bearing debt was DKK 11,519 million against DKK 6,639 million a year ago. For the year 2015, net sales, including full-year impact of the acquisition of Vacon, is expected to grow by 9%-14% compared to 5%-10% as previously announced. The underlying profitability is expected to slightly improve. However, integration cost in the first year of Vacon ownership is expected to keep operating profit (EBIT) excluding other income and expenses on par with 2014.

Danfoss A/S Reports Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Danfoss A/S reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s total net sales in the first quarter were DKK 9,385 million against DKK 8,303 million in the first quarter of 2014, corresponding to 13% growth including the additional sales coming from the Finnish drives manufacturer Vaco. EBITDA was DKK 1,352 million against DKK 1,341 million a year ago. EBIT was DKK 871 million against DKK 913 million a year ago. Profit before tax was DKK 783 million against DKK 834 million a year ago. Net profit was DKK 509 million against DKK 555 million a year ago. Cash flow from operating activities was DKK 437 million against DKK 405 million a year ago. Acquisition of intangible assets and property, plant and equipment was DKK 147 million against DKK 215 million a year ago. Free cash flow was DKK 195 million against DKK 227 million a year ago. After several quarters with negative currency impact, changes in exchange rates driven by appreciation of the US dollar resulted in a positive impact on the top line in the first quarter of 2015. Net interest-bearing debt stood at DKK 11,300 million at March 31, 2015, compared with DKK 3,913 million same time last year. The decrease in operating profit is mainly due to the impact of the softened performance in Danfoss Heating, following the negative development in the Russian market, and Danfoss Power Solutions being affected by a softening agricultural market. For the year 2015, net sales, including full-year impact of the acquisition of Vacon, is expected to grow by 5-10%. Underlying profitability is expected to slightly improve through the continuous operational improvements and the targeted strategic initiatives already launched.

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