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 Financial Officer and Executive Vice 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 A/S Reports Earnings Results for the First Nine Months of 2014; Provides Earnings Guidance for 2014
Nov 6 14
Danfoss A/S reported earnings results for the first nine months of 2014. For the period, the company’s net sales were DKK 25,704 million against DKK 25,528 million in the year-earlier period, equal to 4% growth in local currency. Operating profit (EBIT before other operating income/expenses) was DKK 3,432 million against DKK 2,938 million in the year-earlier period, corresponding to an improvement of 17%. Cash flow before M&A was DKK 2,090 million against the record level of DKK 2,121 million last year.
For 2014, net sales are expected to show modest growth in local currencies in 2014. The operating profit is expected to grow at least in line with net sales.
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.
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