Danfoss

OverviewSuggest Edit

Danfoss is a company that provides engineering solutions. It operates through four segments: Danfoss Power Solutions, Danfoss Cooling, Danfoss Drives, and Danfoss Heating. The company offers motors, pumps, valves, steering components and systems, electrical controls and systems, refrigeration and air conditioning controls, compressors, industrial automation products, software, etc. Danfoss also operates in the field of solar and wind power as well as district heating and cooling infrastructure.

TypePrivate
Founded1933
HQNordborg, DKMap
Websitedanfoss.com
Employee Ratings3.9More
Overall CultureA+More
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Recent NewsAll News

Latest Updates

Employees (est.) (Jun 2020)27,539(-1%)
Revenue (FY, 2019)KR46.9 B(+4%)
Cybersecurity ratingBMore

Key People/Management at Danfoss

Kim Fausing

Kim Fausing

President & Chief Executive Officer
Eric Alström

Eric Alström

President, Danfoss Power Solutions
Jesper V. Christensen

Jesper V. Christensen

Executive Vice President & Chief Financial Officer
Vesa Laisi

Vesa Laisi

President, Danfoss Drives
Jürgen Fischer

Jürgen Fischer

President, Danfoss Climate Solutions
Lars Tveen

Lars Tveen

President Heating Segment
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Danfoss Office Locations

Danfoss has offices in Nordborg, Gråsten, Odense, Silkeborg and in 122 other locations
Nordborg, DK (HQ)
81 Nordborgvej
Gråsten, DK
Ulsnæs 1
Odense, DK
Middelfartvej 9
Silkeborg, DK
Hårupvænget 11
Vejle, DK
Ulvehavevej 61
Viby, DK
Jens Juuls Vej 9
Show all (130)

Danfoss Financials and Metrics

Summary Metrics

Founding Date

1933
Show all financial metrics

Danfoss Revenue

Danfoss's revenue was reported to be kr46.93 b in FY, 2019 which is a 3.2% increase from the previous period.
DKK

Revenue (FY, 2019)

46.9b

Revenue growth (FY, 2018 - FY, 2019), %

3.2%

Net income (FY, 2019)

3.4b

EBITDA (FY, 2019)

7.7b

EBIT (FY, 2019)

5.2b
Annual
DKKFY, 2017FY, 2018FY, 2019

Revenue

43.3b45.5b46.9b

Revenue growth, %

5%3%

Cost of goods sold

28.2b

Gross profit

15.2b
Quarterly
DKKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

10.7b11.1b10.7b11.0b22.6b34.0b11.7b23.6b34.6b

EBITDA

1.5b1.7b1.8b1.7b3.6b5.4b1.8b3.8b5.9b

EBITDA margin, %

14%15%17%15%16%16%15%16%17%

EBIT

1.0b1.2b1.4b1.2b2.8b4.1b1.2b2.6b4.5b
show all
Annual
DKKFY, 2017FY, 2018FY, 2019

Cash

219.0m

Accounts Receivable

6.4b

Current Assets

12.7b

PP&E

7.9b
Quarterly
DKKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Total Assets

42.2b41.6b41.3b43.3b43.4b43.6b46.1b45.8b47.0b

Total Equity

24.9b25.2b24.6b25.3b25.4b25.2b20.9b20.6b21.9b

Financial Leverage

1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x2.2 x2.2 x2.1 x
show all
Annual
DKKFY, 2017FY, 2018FY, 2019

Cash From Operating Activities

6.9b5.0b5.9b

Purchases of PP&E

(1.8b)(1.8b)(1.9b)

Cash From Investing Activities

(3.0b)(1.7b)(3.0b)

Long-term Borrowings

(6.1b)
Quarterly
DKKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash From Operating Activities

528.0m980.0m2.7b354.0m779.0m2.5b(67.0m)862.0m2.8b

Purchases of PP&E

(367.0m)(698.0m)(1.1b)(365.0m)(832.0m)(1.4b)(361.0m)(852.0m)(1.4b)

Cash From Investing Activities

(386.0m)(834.0m)(1.3b)(355.0m)76.0m(659.0m)(398.0m)(1.2b)(2.4b)

Cash From Financing Activities

(22.0m)(205.0m)(1.6b)18.0m(870.0m)(1.8b)324.0m178.0m(535.0m)
show all
DKKQ1, 2017

Financial Leverage

1.7 x
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Danfoss Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Countries

100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

Manufacturing Facilities

63 61 61 61 61 61 69 69 69 72 72 72 72 71 71 71 71 72

University Partners

38 65

Patent Families

1.20 k1.38 k1.38 k1.40 k1.54 k1.56 k
Show all operating metrics

Danfoss Acquisitions / Subsidiaries

Company NameDateDeal Size
Avenir Energie
BD Kompressor Holding GmbH & Co. KG
BetterHome ApS
Danfoss AS
Danfoss A/S
Danfoss Commercial Compressors S.A
Danfoss Compressors Holding A/S
Danfoss Distribution Services A/S
Danfoss d.o.o
Danfoss EOOD
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Danfoss Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

Learn more about our premium products
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Danfoss Online and Social Media Presence

Danfoss's Trends

Embed Graph

Danfoss Company Culture

  • Overall Culture

    A+

    89/100

  • CEO Rating

    A+

    95/100

  • Compensation

    B

    72/100

Learn more on Comparably

Danfoss News and Updates

February 09, 2021

Global HVAC Market (2021 to 2025) - Featuring Carrier Global, Daikin Industries and Danfoss Among Others

Dublin, Feb. 09, 2021 (GLOBE NEWSWIRE) -- The "Global HVAC Market 2021-2025" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the HVAC market and it is poised to grow by $68.80 billion during 2021-2025 progressing at a CAGR of 7% during the forecast per…
October 05, 2020

Worldwide Commercial Water Heaters Industry to 2026 - Featuring Daikin, Rinnai Corporation & Danfoss Among Others

Dublin, Oct. 05, 2020 (GLOBE NEWSWIRE) -- The "Global Commercial Water Heaters Market by Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), Liter (Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & More), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & More) and Region - Forec…
January 17, 2020

Focus on Electric Heating Cables and Mats Market Changing the Way of Business in Upcoming Year with Profiling Key Raychem, Danfoss, SST

The global Electric Heating Cables and Mats market is valued at XX million USD in 2020 and is expected to reach XX million USD by the end of 2026, growing at a CAGR of XX% between 2020 and 2026. Posted via Industry Today. Follow us on Twitter @IndustryToday
August 01, 2019

Danfoss adds North American footprint for electrification, expands on-highway market

After receiving final approval, Danfoss has announced the closing of the deal to acquire all outstanding common shares of UQM Technologies, Inc., a developer of alternative energy technologies. UQM is a leading expert and the technology leader in motors and inverters in the power range of up to 250 …
June 21, 2019

Saudi Arabia $2.4 Bn HVAC Market 2019-2024 - Key Players are Johnson Controls, Ingersoll-Rand, Danfoss, Mitsubishi Electric, LG Electronics , and GREE Electric Appliances

DUBLIN, June 21, 2019 /PRNewswire/ -- The "Saudi Arabia HVAC Market by HVAC Type, by End-User, By region - Market Size, Share, Development, Growth and Demand Forecast, 2014-2024" report has been added to ResearchAndMarkets.com's offering. The Saudi Arabian HVAC market is predicted to...
May 14, 2019

North America HVAC Valves Market Report 2019 Featuring AVK Group, Belimo, Danfoss, Flowserve, Honeywell, Johnson Controls, Mueller Industries, Samson Controls, Schneider Electric, and Siemens

DUBLIN, May 14, 2019 /PRNewswire/ -- The "North America HVAC Valves Market to 2027 - Analysis and Forecasts by Product; and Application" report has been added to ResearchAndMarkets.com's offering. Factors including boosting the exposure of IIOT driving the North America HVAC Valves market....
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 Danfoss Frequently Asked Questions

  • When was Danfoss founded?

    Danfoss was founded in 1933.

  • Who are Danfoss key executives?

    Danfoss's key executives are Kim Fausing, Eric Alström and Jesper V. Christensen.

  • How many employees does Danfoss have?

    Danfoss has 27,539 employees.

  • What is Danfoss revenue?

    Latest Danfoss annual revenue is kr46.9 b.

  • What is Danfoss revenue per employee?

    Latest Danfoss revenue per employee is kr1.7 m.

  • Who are Danfoss competitors?

    Competitors of Danfoss include Hitachi ABB Power Grids, Emerson and Bosch Rexroth.

  • Where is Danfoss headquarters?

    Danfoss headquarters is located at 81 Nordborgvej, Nordborg.

  • Where are Danfoss offices?

    Danfoss has offices in Nordborg, Gråsten, Odense, Silkeborg and in 122 other locations.

  • How many offices does Danfoss have?

    Danfoss has 130 offices.