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DANFOSS A/S

DANFOSS A/S is a Danish industrial technology company that designs and manufactures components and systems for heating, cooling, hydraulics, drives, and fluid conveyance. Its products are used in machinery, buildings, infrastructure, mobile equipment, and industrial applications across global markets.

Kysy yhtiöstä
Liikevaihto9 430milj. EUR
−2,5 %v/v
Liikevoitto (EBIT)1 040milj. EUR
+37,9 %v/v
EBIT-marginaali11,0%
+3,2 %-yks.v/v
Nettotulos446milj. EUR
+20,5 %v/v
Vapaa kassavirta765milj. EUR
+37,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0,02,55,07,510,012,5mrd EUR2020: 5,8 mrd EUR2020: EBIT 0,63 mrd EUR20202021: 7,5 mrd EUR2021: EBIT 0,88 mrd EUR20212022: 10,3 mrd EUR2022: EBIT 1,0 mrd EUR20222023: 10,7 mrd EUR2023: EBIT 1,3 mrd EUR20232024: 9,7 mrd EUR2024: EBIT 0,75 mrd EUR20242025: 9,4 mrd EUR2025: EBIT 1,0 mrd EUR20259,41,0
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: DANFOSS A/S

Liiketoiminta

Osuus liikevaihdosta
Climate Solutions35 %

Controls, refrigeration, heating, cooling, and building efficiency products.

Drives and Electrification20 %

Variable speed drives, power electronics, and motor control solutions.

Hydraulics30 %

Components and systems for mobile and industrial hydraulic applications.

Fluid Conveyance10 %

Hoses, fittings, and related products used in industrial fluid systems.

Other areas5 %

Remaining activities, corporate items, and businesses not allocated to the core segments.

Asiakkaat

Danfoss sells mainly to industrial OEMs, equipment builders, distributors, and system integrators that design machinery, vehicles, buildings, and process equipment. It also serves contractors and infrastructure customers that need energy-efficient heating, cooling, and flow-control technologies. Customers buy Danfoss products to improve efficiency, reliability, controllability, and performance in end-use systems.

Industrial OEMs

Buy drives, hydraulics, and fluid power components for machinery and equipment.

HVAC and refrigeration customers

Buy controls, compressors, and thermal solutions for buildings and cooling systems.

Mobile equipment manufacturers

Buy hydraulic and fluid conveyance products for off-highway and mobile applications.

Distributors and dealers

Stock Danfoss products for regional resale and service to fragmented end markets.

Infrastructure and data center customers

Buy energy and thermal management products for high-performance facility systems.

Strategia

Danfoss is focused on building strong positions in its core segments and strengthening its portfolio through targeted acquisitions and integration. The company also emphasizes regional capacity, supply-chain resilience, and exposure to markets tied to electrification, energy efficiency, and decarbonization.

Portfolio expansion in core segmentsKeskipitkä aikaväli

Broadens the product set and improves cross-selling across hydraulics and fluid conveyance.

Regional capacity buildoutLyhyt aikaväli

Closer production to end markets reduces lead times and improves supply resilience.

Growth in electrification and efficiency marketsPitkä aikaväli

These markets align with energy-efficiency and decarbonization demand drivers.

Maantiede

Danfoss is headquartered in Denmark but operates globally, with manufacturing, engineering, and commercial sites across Europe, the Americas, and Asia. The report highlights India as a transformational market and Mexico as an important production and supply-chain location, alongside a broad European footprint. Geography matters because the company’s end markets are locally served, while manufacturing and sourcing are spread across multiple regions to support customers and resilience.

Riskit

Danfoss is exposed to demand cyclicality in industrial and construction-linked end markets, where customer investment can slow with weaker activity. The company also faces integration risk from acquisitions, execution risk from multi-region manufacturing, and product-level exposure to warranty, quality, and supply-chain disruptions. Because the business serves global customers, currency movements, trade conditions, and regional concentration in growth markets can also affect operations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical demand in industrial end markets1Foreign exchange and global supply chain exposure2Acquisition integration risk3Warranty and product quality provisions4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical demand in industrial end marketsVaikutus: KorkeaTodennäköisyys: Korkea

    OEM and infrastructure customers may delay orders when investment activity slows.

    KohdistuuHydraulicsDrivesFluid conveyance
  2. Foreign exchange and global supply chain exposureVaikutus: KeskitasoTodennäköisyys: Korkea

    Revenue, costs, and manufacturing are spread across multiple currencies and regions.

    KohdistuuEuropeAmericasAsia operations
  3. Acquisition integration riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Purchased businesses must be integrated into systems, operations, and channels.

    Kohdistuu: Hydro Holding and prior acquisitions

  4. Warranty and product quality provisionsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Industrial components can require repair or replacement under warranty terms.

    KohdistuuControlsHydraulicsCompressors
Kysy Clarifolta: DANFOSS A/S

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Most sales are recognized when control transfers at delivery, affecting quarter timing.

Vaikutus: Can shift revenue between periods based on shipping and acceptance timing

Warranty provisions

Standard warranty obligations require estimated liabilities for future repair or replacement.

Vaikutus: Affects operating profit and balance sheet provisions

Goodwill and intangible impairment

Acquisitions create goodwill and intangible assets tested for impairment annually.

Vaikutus: Could create non-cash write-downs if cash flow expectations weaken

Inventory valuation

Inventories are written down when market value or demand weakens below cost.

Vaikutus: Affects gross margin and reported working capital

Discontinued operations and held-for-sale accounting

Reclassifications alter comparability of revenue, assets, and cash flow across years.

Vaikutus: Requires careful period-over-period analysis

Päivitetty: 24.10.2026