Annual Report 2014: Danfoss accelerates growth

The global need for infrastructure, food supply, energy efficiency and climate-friendly solutions continued to be strong drivers of demand for Danfoss technologies. The Group’s total net sales grew by 4% in local currency and reached a record level of DKK 34.4bn (EUR 4.6bn). Operating profit (EBIT) excluding other operating income and expenses improved by 13% to reach DKK 4.4bn (EUR 584m) equal to 12.7% of sales, thereby, in terms of profitability, making 2014 the strongest year in the h...