Danfoss reports 2023 growth despite market headwinds

Becky Schultz Vice President of Content, Power Division

07 March 2024

Despite market headwinds in the second half of 2023, Danfoss saw sales grow 7% in local currency compared to 2022, with EBITA margin reaching 12.6% for the year. It also saw a record free operating cash flow of EUR 629 million, a 49% rise from the prior year.

Operating profit…

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