Danfoss has report improved half-year results, with group sales increasing 4% to DKK19.4bn (€2.61bn) compared to 2015.
Operating profit was significantly better – up by by 18% to DKK 2.2bn (€300m).
All of Danfoss Group’s four business segments increased net sales during the first six months. Danfoss Cooling and Danfoss Heating, in particular, are said to have lifted the sales and delivered significantly improved earnings.
A demand for greater energy efficiency and more climate-friendly solutions in Danfoss’ largest markets, including Europe and China, are said to be behind the improved results.
“We are beginning to see the impact from our targeted growth initiatives, investments in innovation and our continued focus on our competitiveness reflecting a positive development in our market share,” commented president and CEO Niels B Christiansen. “In combination, this makes us capable of investing further in our growth initiatives and our digital transformation, in particular,” he added.
Danfoss Half-year Sales Up 4%
Thu Sep 01 09:14:23 CST 2016
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Editor： Davidwen
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[Agenda Preview] The 2024 Asia International Heat Pump Development Summit Forum is coming soon!
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Registration is Opening | 1st Summit Forum on Energy Storage and Thermal Management Industry Development
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Numerous overseas businesses are eagerly contacting their Chinese partners, planning to meet at the RACC EXPO!
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The Technology Exchange Conference and New Product Promotion Conference of Zhejiang Daming Refrigeration Technology Co.,Ltd. is about to make a stunning debut!
The event will make a stunning debut at the Hangzhou Grand Convention and Exhibition Center on October 23. On the event, Daming will specifically launch its cold storage source unit products!
Full of business opportunities! Over 100 buyers from India are gathering at RACC 2024 with their purchasing demands.
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