Danfoss reports record sales
DENMARK: Danfoss has reported record sales of €7.5bn in 2021, a 29% increase on the previous year. Organic growth was 18% year-over-year.
Operating profits also reached the highest level ever with EBITA of €969m. Net profit was €631m, up 45%.
“We have never seen better opportunities for Danfoss. It is our ambition to be the leading technology partner for our customers in the green transition – decarbonising through energy efficiency, low emissions, and electrification,” said Danfoss president and CEO Kim Fausing.
“Our momentum is clearly reflected in our 2021 annual results. Danfoss has delivered the best results in our history, and we are in a strong financial position,” he added.
The outlook for 2022 predicts sales in the range of €8.8bn to €9.8bn.