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Daikin AC and refrigeration sales up 15.5%

JAPAN: Daikin has reported Q1 air conditioning and refrigeration sales up 15.5% year-on-year to JPY1,168,861m (US$8,101m), with operating profit up 0.6% at JPY104,355m (US$722m).

Group sales were JPY1,251,029m (US$8,655m), up 14.3% year on year. Operating profit was down 2.1% at JPY115,410m (US$798m), due to increases in labour costs and research and development expenses.

Latest News

7th September 2024

Monitoring tenants’ heat pump usage

UK: Panasonic’s Aquarea Service Cloud app is helping to ensure that over 700 social housing tenants are operating their heat pumps correctly.
6th September 2024

Penalties totalling over $115,000 for illegal HFC imports

USA: The US Environmental protection Agency has recently completed settlements totalling over $115,000 against five companies who allegedly imported HFCs without allowances in violation of the US AIM Act. 
6th September 2024

Exploring district cooling/heating networks

UK: District One is a new AI-optimised platform designed to generate intelligent citywide heating and cooling networks at speed using local data.
5th September 2024

Copeland to close Welkenraedt plant

BELGIUM: Copeland has announced the closure of its Welkenraedt commercial air conditioning and refrigeration compressor factory.
5th September 2024

SEC sparks a heat recovery revolution

UK: A leading bar operator is using innovative heat recovery technology from wholesale group Beijer Ref to reduce energy costs and achieve ambitious sustainability targets.
5th September 2024

Rheem set to acquire Nortek Global HVAC

USA: Atlanta-based HVACR equipment manufacturer Rheem has announced its intention to acquire fellow US manufacturer Nortek Global HVAC (NGH) from Madison Industries.