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 2015.
Danfoss A/S Key Developments
Danfoss A/S Reports Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015
May 20 15
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.
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.
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