Danfoss International

Danfoss engineers technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply, energy efficiency and climate-friendly solutions. Our products and services are used in areas such as refrigeration, air conditioning, heating, motor control and mobile machinery. We are also active in the field of renewable energy as well as district heating infrastructure for cities and urban communities. Our innovative engineering dates back to 1933 and today Danfoss is a world-leader, employing more than 27,000 employees and serving customers in more than 100 countries. We are still privately held by the founding family. CO2 neutral in 2030: Danfoss aims to reach a new ambitious target to become CO2 neutral by 2030 at the latest. Since 2007, Danfoss has reduced its energy intensity by 45% and CO2 emissions by 33%, primarily driven by energy-saving projects in the company’s largest factories around the world. Read more in the Sustainability Report 2019. 30% female leaders in 2025: Danfoss has now set new ambitious targets to reach 25% female leaders by 2022 and 30% female leaders by 2025. In 2019, Danfoss reached the target of having 20% female leaders globally. Read more in the Sustainability Report 2019. Key figures 2019 - Sales increased by 3% to EUR 6,285 million (2018: 6,098 million), corresponding to 1% growth in local currency. - Operating profit before acquisition-related amortization (EBITA) increased by 6% to EUR 771 million (2018: 724 million). The EBITA margin was 12.3% (2018: 11.9%). - Net profit was up 8% to EUR 502 million (2018: 463 million). - Cash flow from operating activities increased 17% to EUR 789 million (2018: 673 million). - Investments in innovation increased by 7% to EUR 272 million (2018: 255 million), corresponding to 4.3% of sales (2018: 4.2%). 2020 expectations Despite the current volatility, Danfoss expects to continue to expand or maintain its market share, while maintaining the profitability measured as margin at the 2019 level, following continued investments in sustainable value creation. The outlook excludes any impacts of the acquisition of Eaton’s hydraulics business. The transaction is expected to close by the end of the year. Explore how we are Engineering Tomorrow on www.danfoss.com/careers