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 net profit up 27%

DENMARK: Danfoss has reported increased sales of 9% to €3,041m for the first half of 2018.

Earnings improved by 21% to €370m and the net profit improved by 27% to €253m. Danfoss says the improvement in earnings was driven by the higher top line and the gain from the sale of its Thermia heat pump business in April.

China, in particular, is said to have stood out with significant growth driven by increasing demand for climate-friendly and energy-efficient solutions, such as large heat pumps and the expansion of district heating systems. Danfoss says it is also experiencing a continued strong demand on the two largest markets, North America and Europe.

The high sales growth was generated across the Danfoss business segments, but particularly Danfoss Power Solutions.

The performance of Danfoss Cooling varied across the product categories and regions, with the highest growth rates in Asia-Pacific and Western Europe.

Latest News

26th February 2024

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 
26th February 2024

Stulz partners on immersion cooling

GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling.
26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.