Company Overview of Danfoss A/S
Danfoss A/S researches, develops, produces, sells, and services mechanical and electronic products worldwide. The company operates in two segments, Danfoss Climate & Energy and Danfoss Power Solutions. It offers refrigeration and air conditioning products, such as thermostatic expansion, solenoid, electronically operated, solenoid, water, safety, stop, and regulating valves; pressure and temperature regulators; electronic controls; line components; coils; pressure controls and thermostats; filter driers; sight glasses; contactors and motor starters; electronic controls; liquid level and appliance controls; condensing units; controls accessories and spare parts; compressors; heat exchangers; ...
Founded in 1933
Key Executives for Danfoss A/S
Chief Executive Officer and President
Chief Operations Officer and Executive Vice President
President of Danfoss Power Electronics
Compensation as of Fiscal Year 2014.
Danfoss A/S Key Developments
Danfoss Introduces Higher Maximum Opening Pressure Differential
Jul 18 14
Danfoss adds higher maximum opening pressure differential (MOPD), UL approved BJ and BX coils to its existing product line. These higher MOPD coils are ideal for use with Danfoss AKVH electronic expansion valves to meet the rigorous demands of high pressure CO2 systems. As part of a continuous effort to improve the North American CO2 product portfolio, Danfoss introduces six higher MOPD, UL approved BJ and BX coils. These new coils have larger pulling force which enables larger AKVH valves to operate in CO2 systems. Similar to the current BJ and BX coils on the market, these higher MOPD BJ and BX coils feature a redesigned frame and robust encapsulation, for extended lifetime and durability, as well as a clip-on fastening system with an audible latch click to minimize installation time and ensure proper installation of the coil. The following specifications are based on the requirements of North American food retail systems. Basic specifications: Design in accordance with UL 429. Tested in harsh operating conditions from 40 - 122 degF. O-ring between coil and valve removed, for easy installation. Clip on function for secure connection. Redesigned frame, robust encapsulation. Covering standard voltage and frequency; two electrical connection versions. dvantages include: Faster installation, without the use of tools, with clip-on function. More accurate installation with audible latch click. More reliable operation with durable frame and robust encapsulation. Widely available making logistics easier for the customer. Complete product portfolio of valve and coil combinations for a range of standard and alternative refrigerant needs.
Danfoss A/S Reports Group Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the Year 2014
May 14 14
Danfoss A/S reported group earnings results for the first quarter of 2014. For the quarter, the company reported net sales of DKK 8,303 million against DKK 8,063 million in the first quarter of 2013, which corresponds to growth of 3%. When stated in local currencies, growth was 7%. Likewise, the group’s operating profit before other operating income and expenses of DKK 996 million was significantly higher than the DKK 679 million recorded in the relatively weak first quarter of 2013. At the end of the quarter, the free cash flow was DKK 227 million. The slightly lower level is primarily due to increasing net sales, which means that more funds are tied up in the supply chain.
For the year 2014, the company reported net sales in 2014 in local currencies are expected to show modest growth. The operating profit in 2014 is expected to grow in line with net sales.
Danfoss A/S Reports Earnings Results for the Third Quarter and Nine Months of 2013; Provides Earnings Guidance for the Full Year of 2013
Oct 31 13
Danfoss A/S reported earnings results for the third quarter and nine months of 2013. For the quarter, the company reported earnings of 14% higher than in the same period of the strongly performing 2012.
For the nine months, the company reported net sales of DKK 25,528 million against DKK 25,985 million in the year-earlier period, equal to a decline of 2%. When adjusted for the exchange rate effect, net sales were in line with last year. Operating profit (EBIT before other operating income/expenses) amounted to DKK 2,938 million compared to DKK 2,952 million in the year-earlier period. The free cash flow amounted to DKK 2,118 million compared to DKK 2,076 million for the same period of last year as the cash flow from operating activities remained high relative to earnings.
For the year 2013, the company expects net sales adjusted for exchange rate effects are to grow at a modest rate. Operating profit (EBIT before other operating income/expenses) for 2013 is expected to grow in line with net sales.
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