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, DK
Websitedanfoss.com
Employee Ratings4
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2020)27,539(-1%)
Job Openings646
Revenue (FY, 2019)KR46.9 B(+4%)
Cybersecurity ratingAMore

Key People/Management at Danfoss

Kim Fausing

Kim Fausing

President & Chief Executive Officer
Mads Clausen

Mads Clausen

Founder
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
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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
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
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)
DKKQ1, 2017

Financial Leverage

1.7 x
Show all financial metrics

Danfoss Operating Metrics

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

Countries

100100100100100100100100100100100100100100100100100100

Manufacturing Facilities

636161616161696969727272727171717172

University Partners

3865

Patent Families

1.2 k1.38 k1.38 k1.4 k1.54 k1.56 k
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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

A

90/100

SecurityScorecard logo

Danfoss Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Danfoss Online and Social Media Presence

Embed Graph

Danfoss Company Culture

  • Overall Culture

    A+

    89/100

  • CEO Rating

    A+

    83/100

  • Compensation

    B

    72/100

Learn more on Comparably

Danfoss News and Updates

Servo Motors And Drives Market to grow by USD 3.15 billion during 2021-2025, ABB Ltd. and Danfoss AS emerge as Key Contributors to growth| Technavio

NEW YORK, May 11, 2021 /PRNewswire/ -- Technavio has monitored the servo motors and drives market in its latest market research report. The market is poised to grow by USD 3.15 billion during 2021-2025, progressing at a CAGR of over 4% during the forecast period. The report offers an...

Worldwide Frequency Converter Industry to 2026 - Players Include ABB, Bosch and Danfoss Among Others

DUBLIN, April 20, 2021 /PRNewswire/ -- The "Frequency Converter Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global frequency converter market by revenue is expected to grow at a CAGR of 5% during 2020-2026. The market is...

$ 20.22 Billion Growth in Inverter Market During 2021-2025 | Featuring Key Vendors Including ABB Ltd., Danfoss AS, and Eaton Corporation Plc | Technavio

NEW YORK, March 26, 2021 /PRNewswire/ -- Technavio announces the release of its latest report on the inverter market. The market is segmented by application (motor drive, renewable energy, and UPS) and geography (APAC, Europe, North America, MEA, and South America). The report offers an...

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…

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…

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
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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, Mads Clausen and Eric Alström.

  • 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.