Annual report 2019: Strong earnings and increased investments in the future

In 2019, Danfoss increased the sales by 3% to EUR 6.3 billion and delivered strong operating profits (EBITA), that grew 6% to EUR 771 million with an EBITA margin of 12.3% - a record high operating profit level from a historical perspective. Cash flow from operating activities increased 17% to a very strong EUR 789 million.

”2019 was a good year for Danfoss. We increased our earnings and we grew despite difficult market conditions. The global mega-trends continue to transform the world, creating new opportunities for Danfoss. For example, the high global focus on solving climate changes is creating increasing demand for technologies and solutions within energy efficiency, sector coupling, and electrification and green energy. In this context, Danfoss’ solutions are more relevant than ever before,” says Kim Fausing, Danfoss