30 Aug 2011
BRIC countries boost Danfoss
High demand for climate solutions in the BRIC countries leads Danfoss' profits
The high demand for climate solutions in the BRIC countries - Brazil, Russia, India and China - is the main explanation for Danfoss 19% growth on the first semester, despite the uncertainty in global markets. Net sales were DKK 17,451 million, compared with DKK 14,969 million in the first half of 2010.
Strong acceleration in the BRIC markets combined with a strong global demand for Danfoss products are the most important drivers behind the positive results. According the the company's half year report, the four countries account for 20% od Danfoss total revenue. The statement concludes that the satisfactory results from the first semeter might guarantee a positive trend until the end of the year, regardless of the global financial unrest.