Debt Investor Presentation April 2021
Continue to invest in strategic initiatives
Focus on core business and proven track record in M&A execution
Organic
Research and development costs
Net investments excluding M&A
400
Research and development costs (EUR)
Research and development costs (% of net sales)
Net investments excluding M&A (EURM)
6,0%
400
6,0%
Net investments excluding M&A (% of net sales)
Danfoss continues to make significant
investments in new technology
300
4,5%
300
4,5%
200
- 3,0%
200
3,0%
100
1,5%
100
1,5%
0+
0,0%
0
0,0%
2014 2015 2016 2017 2018 2019 2020
2014 2015 2016 2017 2018 2019 2020
Further strengthen core
Lead digital
In-organic
We have a proven M&A track record to
further strengthen core business and
capture growth opportunities
AAIM
controls
VAGONⓇ
ARTEMIS
INTELLIGENT POWER
16 Danfoss Debt Investor Presentation April 2021
H
HYDRAULIK NORD
LEANHEAT
THI WHITE
DRIVE PRODUCTS
SONDEX
EATON
Hydraulics
LIEO
PROSA
Confidential
Qcǝi
Innovative Inteport Intuitive
Build #1/#2
electrification position
VISEDO
Electricity in Motion.
LQM
TECHNOLOGIES
IKUSI
GE
velatia
AXCO
motors
ENGINEERING TOMORROW
DanfossView entire presentation