Daikin Europe sales up 4%

BELGIUM: Daikin Europe has reported sales of €1.902bn in the year to April, up 4% on 2012.

With profit up by 17%, growth is said to have been largely driven by emerging markets, particularly Turkey, which saw turnover rise by 17%.

Increased activity in the hotel sector led to 50% growth in sales of the company’s VRV commercial climate control system. The positive result was also due to Daikin’s entry into the “volume zone” air conditioning market, with launch of a new entry level domestic air conditioner range.

The rest of Europe saw moderate growth as signs of a recovery started to emerge. Alongside Turkey, Daikin Central Europe turnover grew by 10%, while Sweden saw growth of 23%, mainly due to the high take up of the new Daikin Altherma ground source heat pump.