Danfoss – Danfoss continues the positive development despite increasing headwinds in the global economy

March 6, 2024
Danfoss

In 2023, Danfoss continued to make bold investments in expanding the offering of competitive and innovative solutions. 

 

Despite a slower growth environment in 2023, Danfoss reported a 10% increase in earnings (EBITA) and a 49% increase in cash flow. In 2023, scope 1 and 2 emissions (before acquisitions) decreased by 18%, decoupled from organic sales growth of 2%.

  • Sales in 2023 up 7% in local currency and 4% reported to EUR 10.7 billion.
  • …