World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Danfoss half-year sales up 50%

DENMARK: Danfoss’ half-year sales grew 50% to €4.9bn in the first half of this year, boosted by last year’s acquisition of Eaton’s hydraulics business.

The acquisition added €1.1bn of the €1.6bn sales growth. Organic growth was up 13%.

Operating profit was up 27% with EBITA of €570m. The net profit of €289m was negatively impacted by the write-down of net assets related to its exit from the Russian market, which Danfoss announced in July. 

Investments in R&D continued, up 38% from the first half of last year.

“Danfoss is transforming at full speed, and I am very pleased with the outstanding teamwork and strong performance of our teams around the world despite the challenging times. With the transformational half-year results, we are setting a strong foundation to deliver on our Core & Clear Strategy 2025, fuelled by bold investments for our long-term success,” commented president and CEO Kim Fausing.

Latest News

20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise. 
20th February 2024

Oceanair acquired by builders’ merchant MKM

UK: Air conditioning and heat pump distributor Oceanair UK has been acquired by MKM, the independent builders’ merchant.
20th February 2024

Carrier to build factory and R&D facility in Saudi Arabia

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.
19th February 2024

BDN offers high level monitoring

IRELAND: The first installation of Bitzer’s Digital Network (BDN) in Ireland is providing high-level monitoring, system diagnostics and optimisation for an award-winning deli food specialist.
19th February 2024

Manchester receives heat pump training boost

UK: Daikin UK in partnership with the Green Skills Academy is to deliver the first heat pump training programme for college tutors and staff at nine Greater Manchester colleges.