Sustainability-Linked Bond Framework
•
EURM
2021
Margin
(%)
2022
Margin
(%)
Net sales
7,539
10,256
•
EBITDA before OOI/E*
1,232
16.3
1,618
15.8
EBITDA
1,272
16.9
1,576
15.4
.
EBITA
969
12.8
1,224
11.9
Net profit
631
8.4
683
6.7
Free operating cash flow after
401
5.3
465
4.5
financial items and tax
Net interest bearing debt
2,677
3,168
Net interest bearing debt/
EBITDA before OOI/E
2.2x
2.0x
*0OI/E: Other Operating Income and Expenses
23 | Bond Investor Presentation May 2023
2022 financial
performance
Continued strong sales growth
•
Sales growth of 36% reaching EUR 10.3bn including
additional sales from acquired companies
Sustained high demand for our solutions and
technologies in all three segments, resulting in strong
organic growth of 15% for the Group
Continued investments ahead of competition into
innovation, additional capacity, and digitalization
EBITDA grew by 24% YOY leading to Group EBITDA
margin of 15.4%; diluted by full-year effect of Eaton
hydraulics business and integration cost as well as
Semikron and the cyber attack (just before closing,
August 2022)
Solid free operating cash flow after financial items and
tax (before M&A) in 2022 of EUR 465m
ENGINEERING TOMORROW
DanfossView entire presentation