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Daikin sales grow 12%

JAPAN: Daikin’s 2017 financial reports show increased revenue and profits for the eighth consecutive year.

Sales for the year to March 31 2018 grew by 12% to JPY 2,291bn (US$20.89bn), compared to the previous year. Operating profit grew by 10% in the same period to JPY254bn (US$2.32bn).

Air conditioning sales expanded in all major regions. The EMEA region saw sales grow by 20% to JPY301.1bn (US$2.75bn). Much of this increase was down to the introduction of R32 air conditioning units.

Latest News

26th July 2024

Panasonic partners with Plug Me In

UK: Panasonic has announced a collaboration with Scottish Power’s Manchester-based heat pump installers Plug Me In to provide Panasonic Aquarea heat pumps as part of Scottish Power’s offering.
26th July 2024

Seeking a solution to data centre cooling demand

USA: The University of Missouri is developing a new type of cooling system which it claims could dramatically reduce energy demands on data centres.
25th July 2024

Carrier sales up 12%

USA: Carrier has reported strong Q2 2024 financial results with sales up 12% to $6.7bn compared to last year.
25th July 2024

Prefabricated hydronic balancing and control

DENMARK: The latest solution from Danfoss is a prefabricated hydronic balancing and control solution for four-pipe heating and cooling change-over systems.
25th July 2024

BUS applications down 10% in June

UK: The 2,687 applications to the UK government’s Boiler Upgrade Scheme (BUS) last month were down 10% on May.
24th July 2024

MHI Projects team ensures smooth delivery

UK: Dedicated support from the MHI Projects team has helped provide a climate control upgrade for the UK home of a leading global glass processing specialist.