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BITTEN OG MADS CLAUSENS FOND

BITTEN OG MADS CLAUSENS FOND is a Danish industrial foundation with an ownership and governance role centered on Danfoss A/S. Its mandate is to preserve and support the Danfoss group through long-term share ownership and the management of a financial investment portfolio tied to the company and its surrounding ecosystem.

Kysy yhtiöstä
Liikevaihto70,6mrd DKK
−2,5 %v/v
Liikevoitto (EBIT)7 694milj. DKK
+39,0 %v/v
EBIT-marginaali10,9%
+3,3 %-yks.v/v
Nettotulos3 358milj. DKK
+18,2 %v/v
Vapaa kassavirta5 529milj. DKK
+31,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

020406080mrd DKK2020: 43,5 mrd DKK2020: EBIT 4,6 mrd DKK20202021: 56,3 mrd DKK2021: EBIT 6,3 mrd DKK20212022: 76,5 mrd DKK2022: EBIT 7,6 mrd DKK20222023: 79,6 mrd DKK2023: EBIT 9,2 mrd DKK20232024: 72,3 mrd DKK2024: EBIT 5,5 mrd DKK20242025: 70,6 mrd DKK2025: EBIT 7,7 mrd DKK202570,67,7
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: BITTEN OG MADS CLAUSENS FOND

Liiketoiminta

Osuus liikevaihdosta
Ownership and stewardship0 %

Holding and safeguarding Danfoss A/S shares as a permanent controlling owner.

Foundation governance0 %

Board-level oversight and capital stewardship for the foundation structure.

Financial investments0 %

Placement of free capital in bonds, bank deposits and selected securities.

Strategic support0 %

Selective support for Danfoss-related branding, recruitment and local initiatives.

Asiakkaat

The foundation does not sell products to end customers in the usual commercial sense; its primary stakeholder is Danfoss A/S and the broader Danfoss group. Its activities are aimed at preserving ownership continuity, supporting corporate stability, and enabling long-term stewardship rather than generating customer-facing revenue.

Danfoss A/S and group stakeholders

The foundation exists to preserve ownership and support the Danfoss group through governance and capital stewardship.

Employees and recruitment ecosystem

It supports the Danfoss brand and recruitment efforts to strengthen the group's talent base.

Local and associated communities

It may invest in or support entities with ties to Sønderjylland and Danfoss operating areas.

Strategia

The foundation's strategy is to remain a stable, long-term controlling owner of Danfoss while preserving capital and support for the group's development. It also maintains flexibility to invest conservatively in financial instruments and selected related businesses, reinforcing the foundation's role as a permanent owner rather than a trading shareholder.

Preserve controlling ownershipPitkä aikaväli

The foundation's core purpose is to keep Danfoss ownership consolidated over time.

Steward capital conservativelyKeskipitkä aikaväli

Investment policy supports financial resilience and the ability to fund foundation activities.

Support Danfoss ecosystemKeskipitkä aikaväli

Brand, recruitment and local support reinforce Danfoss's long-term competitive position.

Maantiede

The foundation is based in Denmark and is economically tied to Danfoss's global operating footprint. Reported disclosures reference Danish activities alongside Danfoss operations in the United States, China and other international markets, which matters because the foundation's ownership value is ultimately linked to those geographies.

Riskit

The main risk is concentration: the foundation's economic value is heavily tied to Danfoss A/S and therefore to the operating performance, valuation and governance of that group. As a holding foundation, it also faces investment, liquidity and impairment risks in its portfolio of securities, associates and other financial assets, alongside legal and stewardship obligations tied to preserving the core capital.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Concentration in Danfoss A/S1Fair value and impairment volatility2Foreign market and macro exposure3Capital preservation constraints4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Concentration in Danfoss A/SVaikutus: KriittinenTodennäköisyys: Korkea

    The foundation's asset base and long-term value depend heavily on one group.

    Kohdistuu: Ownership stake in Danfoss A/S

  2. Fair value and impairment volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Holdings in associates, joint ventures and other investments can require write-downs or revaluations.

    KohdistuuAssociatesJoint venturesSecurities
  3. Foreign market and macro exposureVaikutus: KeskitasoTodennäköisyys: Korkea

    Danfoss revenue and asset base span the US, China and other international markets.

    KohdistuuUnited StatesChinaInternational operations
  4. Capital preservation constraintsVaikutus: KeskitasoTodennäköisyys: Korkea

    The foundation's core capital is intended to remain permanently intact and cannot be freely deployed.

    Kohdistuu: Foundation charter and capital policy

Kysy Clarifolta: BITTEN OG MADS CLAUSENS FOND

Kirjanpito

Harkinnanvaraiset erät
Goodwill and trademark impairment

Annual impairment tests can materially affect carrying values of acquired intangibles.

Vaikutus: Reported asset values and equity

Fair value of associates and JVs

Equity-accounted investments require periodic impairment assessment and judgment.

Vaikutus: Investment carrying value and earnings

Lease accounting

Recognition of right-of-use assets and lease liabilities affects balance sheet and expenses.

Vaikutus: Assets, liabilities and EBIT

Share-related obligations

Employee-share buyback rights and related commitments can create liabilities and cash outflows.

Vaikutus: Equity and cash flow

Päivitetty: 24.10.2026