Danfoss

  • Revenue€7.5 BFY, 2021

OverviewSuggest Edit

Danfoss is a company that provides engineering solutions. It operates through three segments: Danfoss Power Solutions, Danfoss Climate Solutions, and Danfoss Drives. 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 Ratings4.1
Overall CultureA+More
View Jobs (886)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)40,043(+41%)
Job Openings886
Revenue (FY, 2021)€7.5 B(+30%)
Cybersecurity ratingAMore
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Key People/Management at Danfoss

Kim Fausing

Kim Fausing

President and Chief Executive Officer
Eric Alström

Eric Alström

President, Danfoss Power Solutions
Jesper V. Christensen

Jesper V. Christensen

Executive Vice President and Chief Financial Officer
Vesa Laisi

Vesa Laisi

President, Danfoss Drives
Jürgen Fischer

Jürgen Fischer

President, Danfoss Climate Solutions
Jürgen Reinert

Jürgen Reinert

Director
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Danfoss Office Locations

Danfoss has offices in Nordborg, Gråsten, København, Odense and in 137 other locations
Nordborg, DK (HQ)
81 Nordborgvej
Gråsten, DK
Ulsnæs 1
København, DK
Amaliegade 3
Odense, DK
Middelfartvej 9
Silkeborg, DK
Hårupvænget 11
Vejle, DK
Ulvehavevej 61
Show all (151)

Danfoss Financials and Metrics

Summary Metrics

Founding Date

1933
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Danfoss Revenue

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View revenue for all periods
Danfoss's revenue was reported to be €7.54 b in FY, 2021
EUR

Revenue (FY, 2021)

7.5b

Gross profit (FY, 2021)

2.5b

Gross profit margin (FY, 2021), %

32.5%

Net income (FY, 2021)

631.0m

EBITDA (FY, 2021)

1.3b

EBIT (FY, 2021)

877.0m

Cash (31-Dec-2021)

249.0m
Annual
EURFY, 2019FY, 2020FY, 2021

Revenue

6.3b5.8b7.5b

Revenue growth, %

3%

Cost of goods sold

4.2b3.8b5.1b

Gross profit

2.1b2.0b2.5b
Half Year
EURH1, 2019H1, 2020H1, 2021

Revenue

3.2b2.9b3.3b

EBITDA

511.0m424.0m569.0m

EBITDA margin, %

16%15%17%

EBIT

351.0m252.0m412.0m
show all
Annual
EURFY, 2019FY, 2020FY, 2021

Cash

110.0m611.0m249.0m

Accounts Receivable

893.0m863.0m1.4b

Inventories

742.0m703.0m1.4b

Current Assets

1.9b2.3b3.3b
Half Year
EURH1, 2019H1, 2020H1, 2021

Total Assets

6.1b6.3b8.9b

Total Equity

2.8b3.1b3.5b

Financial Leverage

2.2 x2 x2.5 x
show all
Annual
EURFY, 2019FY, 2020FY, 2021

Net Income

502.0m435.0m631.0m

Depreciation and Amortization

328.0m335.0m397.0m

Inventories

30.0m(7.0m)(307.0m)

Accounts Payable

(87.0m)72.0m529.0m
Half Year
EURH1, 2019H1, 2020H1, 2021

Net Income

242.0m164.0m286.0m

Cash From Operating Activities

115.0m166.0m194.0m

Purchases of PP&E

(91.0m)(76.0m)(93.0m)

Cash From Investing Activities

(157.0m)(98.0m)(102.0m)
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EURH1, 2019

Financial Leverage

2.2 x
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Danfoss Operating Metrics

Q1, 2019Q2, 2019Q3, 2019FY, 2019H1, 2020FY, 2020FY, 2021

Countries

100100100100100100100

Manufacturing Facilities

71717172727195

Patent Families

1.56 k1.57 k2 k

R&D Centers

232323

Danfoss Acquisitions / Subsidiaries

Company NameDateDeal Size
Leanheat OyJuly 05, 2019
UQM Technologies, Inc.January 21, 2019$100 m
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
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Danfoss Revenue Breakdown

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Danfoss revenue breakdown by business segment: 42.6% from Danfoss Power Solutions, 19.0% from Danfoss Drives, 38.0% from Danfoss Climate Solutions and 0.4% from Other

Danfoss revenue breakdown by geographic segment: 7.9% from Eastern Europe, 25.1% from Asia Pacific, 25.4% from North America, 34.0% from Western Europe and 7.6% from Other

Danfoss Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

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Danfoss Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Danfoss Online and Social Media Presence

Danfoss's Trends

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Danfoss Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    83/100

  • Compensation

    B

    71/100

  • Diversity

    A+

    85/100

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Danfoss News and Updates

June 14, 2022

Danfoss North America appoints new director of public and industry affairs

Steven Lakin has joined Danfoss North America as director of public and industry affairs
June 06, 2022

Danfoss presenta IPS8 purgador de gases no condensables

El IPS8 de Danfoss es un sistema autónomo y automático para refrigeración industrial que ayuda a eliminar los gases no condensables de forma segura y energéticamente eficiente
June 06, 2022

Danfoss Heat Recovery Unit Cuts Danish Supermarket’s Heating Bill by 89.7%

A MENY supermarket in Fredericia, Denmark, has reduced its annual heating bill by 89.7% and its carbon emissions by 6.7 metric tons of CO2e through the recovery of waste heat from its CO2 (R744) refrigeration system with the help of a Danfoss Heat Recovery Unit (HRU)
June 02, 2022

Danfoss Digital Day capacitación online

Como parte del programa de capacitación en línea y promoción de sus distribuidores a nivel nacional que realiza Danfoss https://www.danfoss.com/es-mx/, este jueves 26 de mayo se llevó a cabo a las 11:00 el Digital Day Unidades Condensadoras: cómo seleccionar las tuberías adecuadas para sistemas de r…
May 28, 2022

Danfoss solgte komponenter til sanktioneret våbenfabrikant

Den danske industrigigant Danfoss har fra et russisk datterselskab solgt komponenter til mindst fire russiske militærproducenter.
May 27, 2022

Danfoss México superó las 10 mil unidades producidas

Danfoss llegó a las 5 mil unidades condensadoras y 5 mil unidades de tándems (compresores) producidas en México en mayo de este año. Esta meta se logró luego de un año y medio del inicio de esta planta de producción, la cual cuenta con tecnología de punta para detección de fugas.
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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 40,043 employees.

  • What is Danfoss revenue?

    Latest Danfoss annual revenue is €7.5 b.

  • What is Danfoss revenue per employee?

    Latest Danfoss revenue per employee is €188.3 k.

  • Who are Danfoss competitors?

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

  • Where is Danfoss headquarters?

    Danfoss headquarters is located at 81 Nordborgvej, Nordborg.

  • Where are Danfoss offices?

    Danfoss has offices in Nordborg, Gråsten, København, Odense and in 137 other locations.

  • How many offices does Danfoss have?

    Danfoss has 151 offices.