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
Danfoss A/S Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016: Provides Earnings Guidance for the Year 2016
Nov 9 16
Danfoss A/S reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the nine months, the group reported net sales of DKK 29,124 million against DKK 28,722 million a year ago. EBIT was DKK 3,462 million against DKK 3,141 million a year ago. The free cash flow was reduced to DKK 523 million against DKK 2,037 million, due to the acquisitions completed in the third quarter 2016. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 4,796 million compared to DKK 4,578 million a year ago. Profit before tax was DKK 3,209 million compared to DKK 2,830 million a year ago. Net profit was DKK 2,249 million compared to DKK 1,895 million a year ago. Cash flow from operating activities was DKK 3,412 million compared to DKK 2,986 million a year ago. Acquisition of intangible assets and property, plant and equipment was DKK 949 million compared to DKK 656 million a year ago. Free cash flow was DKK 523 million compared to DKK 2,037 million a year ago.
For the quarter, the company reported net sales of DKK 9,726 million against DKK 9,483 million a year ago. Operating profit before depreciation, amortization and impairment (EBITDA) was DKK 1,695 million compared to DKK 1,745 million a year ago. EBIT was DKK 1,250 million against DKK 1,273 million a year ago. Profit before tax was DKK 1,180 million compared to DKK 1,141 million a year ago. Net profit was DKK 822 million compared to DKK 778 million a year ago.
For the full year 2016, the group expects to maintain or expand its market share while maintaining an EBIT margin at the same level as in 2015.
Danfoss Looks For Acquisitions In India
Nov 4 16
Danfoss A/S' President and Chief Executive Officer Niels B. Christiansen stated that “We are looking for acquisitions in the technology space. We don’t rule out acquisitions in India.”
Danfoss A/S Reports Earnings Results for the First Half Year of 2016; Provides Ebit Margin Guidance for the Year 2016
Aug 25 16
Danfoss A/S reported earnings results for the first half year of 2016. For the period, the company reported net sales of DKK 19,395 million against DKK 19,239 million in the same period last year. The improvement corresponds to 4% growth in local currency. The Group's earnings (EBIT) was DKK 2,212 million against DKK 1,868 million last year, equal to an improvement of 18%. Net profit growth was 28%.
The company confirmed the full year 2016 expectations. Accordingly, the group expects to maintain or expand its market share while maintaining EBIT margin at level with 2015.