First quarter in line with expectations -- Wednesday, 20 May 2015 By Danfoss

The Danfoss Group had a satisfactory start to 2015. Total net sales in the first quarter were DKK 9,385m against DKK 8,303m in the first quarter of 2014, corresponding to 13% growth including the additional sales coming from the Finnish drives manufacturer Vacon, which Danfoss acquired in the latter part of 2014. In local currency growth was 6%.