First half-year 2018 announcement: Danfoss continues strong growth momentum

Danfoss continued its progress in the first half of 2018. Sales grew by EUR 106m to EUR 3,041m – a growth of 9% in local currency. While continuing the high investment levels, the earnings (EBIT) improved by 21% to EUR 370m and the net profit improved by 27% to EUR 253m. The positive development in earnings was driven by the higher top line and the gain from the divestment of the heat pump business Thermia.