Danfoss lands record result, plans new investments

Danfoss exited 2019 with booked advances on both its top and bottom lines, helped along by the global focus on climate change mitigation. The company now plans to maintain its high investment level on top of its hitherto largest acquisition.

BY EMMA GELBJERG-HANSEN & SIMON VALEUR, CLEANTECHWATCH

Danish cleantech group Danfoss can look back with satisfaction upon its 2019, when the company completed its largest-ever purchase and now presents a historically high operating result in its annual financial statement.

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Danfoss buys hydraulics rival for USD 3.3 billion
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Danfoss cuts 335 Danish jobs
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Sharpened global focus on green solutions boosts Danfoss' top line
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