Danfoss CEO sees spreading uncertainty and slowing growth
Danish industrial group Danfoss boosted H1 revenue by 4 percent to EUR 3.2 million. But the second quarter was impacted by a market growth slump across multiple sectors. "We are prepared for a phase with less growth," says CEO Kim Fausing.
BY OLE ANDERSEN
The global economy's present key figures are showing signs of lower performance, and uncertainty and volatility stemming from the US-China trade war appears to be escalating, says Danfoss Chief Executive Kim Fausing in connection with the company's H1 report Tuesday morning.
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