In 2024, sales were EUR 9,674 million. Despite challenging market conditions, they delivered a solid operational EBITA of EUR 1,097 million, equal to a margin of 11.3%.
“I am especially excited to see the continuous strong performance in our Climate Solutions and our Drives businesses. We strengthened our position in selected high-growth markets like data centers, commercial heat pumps, and selected electrification applications such as marine," says Kim Fausing, President & CEO of Danfoss.
Long-term growth options for Danfoss
Fausing added: "Moreover, we maintained a high level of investments in innovation to expand our offerings of competitive, innovative, and best-in-class technology and solutions.”
Over the past five years, they doubled the size of Danfoss, achieving balanced sales and a strong local presence across the Americas, Europe, and Asia. They firmly believe in the long-term growth opportunities for Danfoss and in offering great service to our customers all over the world.
Integration of the Eaton Hydraulics
Over the past five years, they doubled the size of Danfoss, achieving level sales and a strong fact
This is why they continue to invest in factory automation and in regionalizing the supply chain to become more resilient. Additionally, they successfully completed the integration of the Eaton Hydraulics acquisition into the Danfoss Power Solutions segment.
With the new operating model, they have decentralized further to move closer to the customers and become easier to do business with.
Increasing speed in decision-making
They focus on strengthening innovation and the entrepreneurial mindset as well as improving the cost competitiveness and responsiveness through increasing speed in decision-making.
Now, they operate Danfoss through three segments and 16 divisions. The businesses now operate within a significantly simplified structure, supported by leaner Shared and Corporate functions.
Reduction target by 2030
Sustainability is a key driver of competitiveness and an integrated part of the strategy
For Danfoss, sustainability is a key driver of competitiveness and an integrated part of the strategy. They continued to decouple the organic growth from emissions, reducing the scope 1 and 2 emissions by 19% as they work toward the ambitious 90% reduction target by 2030.
They also signed a power purchase agreement covering 100% green electricity for the two campuses in Haiyan, China, reducing the carbon emissions by 40,000 tons every year as of 2025, which is equivalent to 33% of Danfoss’ emissions in China and 9% globally.
Green Ask initiative with strategic suppliers
In 2024, they launched the ‘Green Ask’ initiative with strategic suppliers, which covers 40% of the EUR 3.5 billion spend to enhance data on sourced products and identify decarbonization opportunities. “I am proud of what the Danfoss team has accomplished together this year. Our global team’s engagement, resilience, and determination in overcoming challenges and driving impact exemplify the exceptional talent that is fueling our success."
"I sincerely thank our customers and partners for their trust and close collaboration, which is fundamental for our common success going forward. While global economic uncertainties and geopolitical instability may cause market fluctuations, we stay the course. We firmly believe in the long-term growth opportunities for Danfoss,” says Kim Fausing.
