© VoluntaryNews.org.uk | All Rights Reserved.
Danfoss, the global leader in industrial automation and digital transformation, has reported a challenging first half of 2024. After experiencing significant growth over the past three years, the company’s latest figures reflect a dip in demand across key markets. Group sales totalled €5 billion, with EBITA standing at €533 million, marking a decrease in the EBITA margin from 12.4% to 10.6% compared to the same period last year. The lower demand, particularly in sectors such as agriculture, construction, and automotive, has affected Danfoss’ Power Solutions segment. The construction market in Europe remains subdued, notably in Central Europe, impacting heating businesses…