23.8.2022 09:00:01 CEST | Danfoss A/S
Koncernens omsætning voksede med 50% inkl. Eaton’s hydraulikforretning, som Danfoss købte i 2021. Samlet nåede omsætningen EUR 4,9 mia. med en organisk vækst på 13%.
Driftsresultatet (EBITA) steg med 27%.
Væksten fortsatte på trods af høj inflation, udfordringer i forsyningskæden, tilbagetrækning fra det russiske marked og COVID-19 nedlukninger i Kina.
Aftalen mellem Semikron og Danfoss blev endeligt godkendt i august og cementerer Danfoss’ ledende position inden for elektrificering.
Danfoss har lanceret sin nye ESG-strategi, og organisationen “Science-Based Targets-initiative” har godkendt Danfoss’ klimamål for 2030.
Forventningerne til koncernens omsætning i 2022 er opjusteret til EUR 9,5-10,2 mia. efter et stærkt første halvår og effektuering af Semikron Danfoss handlen.
NORDBORG, DANMARK – Danfoss vokser, og halvårsresultaterne har skabt et stærkt udgangspunkt for koncernens Core & Clear strategi frem mod 2025. I de første seks måneder af 2022 steg Danfoss’ omsætning med EUR 1,6 mia. til i alt EUR 4,9 mia. Den tilkøbte del af hydraulikforretningen bidrog med EUR 1,1 mia., mens den organiske vækst var 13%.
Der var fremgang på tværs af de store markeder i Nordamerika, Europa og Asien samt i alle tre forretningssegmenter. Der var signifikant vækst i forretningssegmentet Danfoss Power Solutions, der producerer og sælger løsninger inden for mobil og industriel hydraulik og elektrificering. Den stigende efterspørgsel efter energieffektive varme- og køleløsninger samt power elektronik medførte desuden en markant vækst i forretningssegmenterne Danfoss Climate Solutions og Danfoss Drives.
Danfoss underskrev den 15. juli 2022 en aftale om at sælge sine russiske aktiviteter til den lokale ledelse i Rusland. Handlen forventes endeligt effektueret i september 2022.
Koncernen fortsatte sine betydelige investeringer i innovation (R&D), der steg 38% i forhold til første halvår sidste år. Samtidig steg driftsresultatet (EBITA) med 27% til EUR 570 mio. Nettoresultatet var negativt påvirket af nedskrivningen af nettoaktiverne i Rusland og landede på EUR 289 mio.
”Danfoss transformerer sig med fuld fart. Jeg er meget tilfreds med det fremragende teamwork og de stærke resultater fra vores teams rundt om i verden på trods af de udfordrende tider. Vores halvårsresultater skaber et stærkt fundament for vores Core & Clear strategi frem mod 2025, der bygger på fremadrettede investeringer for at sikre Danfoss’ langsigtede succes. Betingelserne for at drive forretning har været udfordrende, men vi har alligevel formået at fastholde vores stærke vækstmomentum. Samtidig har vi holdt integrationen af hydraulikforretningen godt på sporet. Og så har vi ovenikøbet lukket Semikron Danfoss-aftalen. Verden er på vej ind i en elektrisk revolution, og med denne investering indtager vi en absolut førende position. På baggrund af halvårsresultatet og Semikron-handlen har vi hævet vores forventninger til omsætningen for 2022,” siger Kim Fausing, koncernchef i Danfoss.
“Vi har taget et stort og ambitiøst skridt for at sætte bæredygtighed i centrum af vores Core & Clear strategi. ESG-ambitionen er klar, og vores klimamål er godkendt. Det er helt essentielt, at vi lever op til vores løfte om at være den førende teknologipartner for vores kunder, som ønsker at dekarbonisere gennem energieffektivitet, maskinproduktivitet, lave emissionsudledninger og elektrificering. Danfoss er bedre positioneret end nogensinde før til at udvikle løsninger til fremtiden og dermed bidrage til en bedre verden,” siger Kim Fausing.
Eksekvering på ESG-strategi
Danfoss lancerede i april sin nye ESG-strategi frem mod 2030. Strategien er en vigtig del af koncernens forretningsstrategi ”Core & Clear 2025” og har især fokus på dekarbonisering, cirkularitet samt diversitet og inklusion. I maj blev koncernens klimamål godkendt af organisationen ”Science Based Targets-initiative”. Danfoss vil fortsat have fokus på at øge indsatsen inden for dekarbonisering.
Opjustering af forventninger til 2022
Danfoss forventer fortsat vækst i andet halvår af 2022 med en ambition om at udbygge eller fastholde sin markedsandel. På baggrund af den stærke fremgang i omsætningen i første halvår af 2022 og effektuering af Semikron Danfoss-handlen, forventer Danfoss nu en omsætning i intervallet EUR 9,5-10,2 mia. for hele året mod tidligere EUR 8,8-9,8 mia. Forventningerne til EBITA-marginen i intervallet 11,4-12,9% fastholdes, hvilket vil øge EBITA nominelt. Dette er efter fortsatte investeringer i udvikling af nye produkter og løsninger. Den forventede vækst og profitabilitet er afhængig af udviklingen af COVID-19 pandemien, de globale udfordringer i forsyningskæden samt de aktuelle udsving i verdensøkonomien.
Nøgletal for første halvdel af 2022
Omsætningen voksede med 50% til EUR 4.906 mio. (1. halvår 2021: 3.265 mio.) inkl. den tilkøbte hydraulikforretning. Den organiske vækst var 13%.
Driftsresultatet (EBITA) steg med 27% til EUR 570 mio. (1. halvår 2021: 449 mio.). EBITA-marginen landede på 11,6% (1. halvår 2021: 13,8%).
Nettoresultatet blev EUR 289 mio. (1. halvår 2021: 286 mio.), og var negativt påvirket af nedskrivningen af nettoaktiver i Rusland.
Det frie cash flow fra driften før tilkøb og salg af virksomheder endte på EUR -226 mio. (1. halvår 2021: 63 mio.).
Investeringer i innovation (R&D) steg med 38% til EUR 212 mio. (1. halvår 2021: 154 mio.), hvilket svarer til 4,3% af omsætningen (1. halvår 2021: 4,7%).
Læs mere på financials.danfoss.com.
Yderligere information
Kasper Elbjørn, VP, Head of Communications
Telefon: +45 2613 7001
Email: kasper.elbjorn@danfoss.com
About Danfoss A/S:
Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.
Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.
We deliver value to our customers as a global technology partner with global leading positions, deep application knowledge and sustainable innovation in our core businesses:
Danfoss Power Solutions – Full solutions capabilities in mobile and industrial hydraulics, fluid conveyance, electrification and software
Danfoss Climate Solutions – Sustainable heating and cooling solutions for buildings, cold chains, industry and infrastructure
Danfoss Drives – Clean-energy solutions such as AC drives, power semiconductor modules, and electrification in automotive and various industries
Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 40,000 people, serving customers in more than 100 countries through a global footprint of 95 factories.
www.danfoss.com
Vedhæftninger
Danfoss_pressemeddelelse_dk_Første halvår 2022.pdf
23.8.2022 09:00:01 CEST | Danfoss A/S
Sales grew 50% including the 2021 acquisition of Eaton’s hydraulics business, reaching EUR 4.9 billion. Organic growth was 13%.
Operating profits (EBITA) increased by 27%.
Growth momentum continued despite high inflation, ongoing supply chain disruptions, exit from Russia, and COVID-19 lockdowns in China.
Semikron Danfoss transaction closed in August, building a leading position in electrification.
New Danfoss ESG strategy launched and emission reduction targets for 2030 approved by the Science Based Targets initiative.
Outlook for 2022 raised to EUR 9.5-10.2 billion sales based on a strong first half and the closing of the Semikron Danfoss transaction.
NORDBORG, DENMARK – Danfoss is transforming, with half-year results setting a strong foundation to deliver on our Core & Clear Strategy 2025. In the first six months of 2022, Danfoss grew by EUR 1.6 billion, reaching EUR 4.9 billion in sales. The acquired hydraulics business added sales of EUR 1.1 billion, while organic growth was 13%.
Growth was broadly based across the major markets of North America, Europe, and Asia-Pacific, as well as in all three business segments. The Danfoss Power Solutions segment, which provides mobile and industrial hydraulics and electrification solutions, stood out with significant growth. Furthermore, the increasing demand for energy-efficient heating and cooling solutions as well as power electronics was driving a growing demand for technologies from Danfoss Climate Solutions and Danfoss Drives.
On July 15, 2022, Danfoss signed an agreement to sell its Russian activities to local management in Russia. Closing of the transaction is expected in September 2022.
Danfoss continued significant investments in innovation (R&D), up 38% from the first half last year. At the same time, Danfoss delivered a 27% increase in operating profits with EBITA of EUR 570 million. Net profit amounted to EUR 289 million, negatively impacted by the write-down of net assets related to the Russia exit.
“Danfoss is transforming at full speed, and I am very pleased with the outstanding teamwork and strong performance of our teams around the world despite the challenging times. With the transformational half-year results, we are setting a strong foundation to deliver on our Core & Clear Strategy 2025, fueled by bold investments for our long-term success. In a challenging business environment, we maintained our strong growth momentum, while keeping the integration of the hydraulics business well on track. On top of this, we closed the Semikron Danfoss transaction. The world is on the tip of an electrification revolution, and with this, we take an important step building a leading position. With the results for the first half and the closing of the Semikron transaction, we have raised our sales expectations for 2022,” says Kim Fausing, President & CEO of Danfoss.
“We have taken a big and bold step to put sustainability at the center of our Core & Clear 2025 strategy. The new ESG ambitions are clear, and our climate targets have been approved by the Science Based Targets initiative. We are energized by our promise to be the leading technology partner for our customers, decarbonizing through energy efficiency, machine productivity, low emissions, and electrification. Danfoss has never been better positioned to deliver on our purpose to engineer tomorrow to build a better future,” says Kim Fausing.
Executing ESG ambitions
In April, Danfoss launched its 2030 ESG ambitions on decarbonization, circularity, and diversity & inclusion. The ambitions are an important part of Danfoss’ business strategy, Core & Clear 2025. In May, Danfoss’ climate targets were approved by the Science Based Targets initiative. Danfoss will continue to accelerate its efforts on decarbonization.
Outlook 2022 raised
Danfoss assumes a continued growth in the second half of the year with an ambition to expand or maintain market share. Due to a strong sales performance in the first half of 2022 and the closing of the Semikron Danfoss transaction, sales are now expected to be in the range of EUR 9.5-10.2 billion for the full year compared to previous expectations of EUR 8.8-9.8 billion. The expected EBITA margin in the range of 11.4-12.9% is unchanged, leading to an increase in EBITA in nominal figures. This is following continued investments in the development of new products and solutions. The expected growth and profitability performance is dependent on the development of the COVID-19 pandemic, global supply chain disruptions, as well as the current volatility in the world economy.
Key figures for first half of 2022
Sales increased by 50% to EUR 4,906 million (H1 2021: 3,265m) including the acquired hydraulics business. Organic growth was 13%.
Operating profit before acquisition-related amortization (EBITA) increased by 27% to EUR 570 million (H1 2021: 449m). The EBITA margin reached 11.6% (H1 2021: 13.8%).
Net profit reached EUR 289 million (H1 2021: 286m), negatively impacted by the write-down of net assets related to the Russia exit.
Free operating cash flow after financial items and tax (before M&A) was EUR -226 million (H1 2021: 63m).
Investments in innovation (R&D) were up 38% to EUR 212 million (H1 2021: 154m), corresponding to 4.3% of sales (H1 2021: 4.7%).
Read more on financials.danfoss.com.
For further information, please contact:
Kasper Elbjørn, VP, Head of Communications
Ph: +45 2613 7001
Email: kasper.elbjorn@danfoss.com
About Danfoss A/S:
Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.
Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.
We deliver value to our customers as a global technology partner with global leading positions, deep application knowledge and sustainable innovation in our core businesses:
Danfoss Power Solutions – Full solutions capabilities in mobile and industrial hydraulics, fluid conveyance, electrification and software
Danfoss Climate Solutions – Sustainable heating and cooling solutions for buildings, cold chains, industry and infrastructure
Danfoss Drives – Clean-energy solutions such as AC drives, power semiconductor modules, and electrification in automotive and various industries
Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 40,000 people, serving customers in more than 100 countries through a global footprint of 95 factories.
www.danfoss.com
Attachments
Danfoss_H1 press release_us_First six months 2022.pdf
