Danfoss delivers strong growth in the first quarter
Danfoss had a strong start to 2017 with growth of 13% and increased investments in digitalization.
In the first three months of the year, Danfoss continued the progress and increased its net sales and earnings. Net sales grew DKK 1.3bn to reach DKK 10.7bn – a growth of 13%, corresponding to 11% local currency growth. The higher sales lifted earnings (EBIT) by 7% to reach DKK 1.0bn, while the net result was up 12 % to DKK 691m. The cash flow from operating activities increased 20% to DKK 528m.