Sustainability-Linked Bond Framework
Danfoss continues to invest ahead of competition
to capture our core and green growth opportunities
Organic
Research and development costs
CAPEX excluding M&A
Danfoss continues to
Research and development costs (EURm)
CAPEX excluding M&A (EUR)
600
6.0%
600
6.0%
make significant
Research and development costs (% of net sales)
CAPEX excluding M&A (% of net sales)
500
500
investments in new
technology
4.5%
4.5%
400
400
300
3.0%
300
3.0%
200
200
1.5%
1.5%
100
100
0
0.0%
0
0.0%
2017
2018
2019
2020
2021
2022
2017
2018
2019
2020
2021
2022
Inorganic
We have a proven M&A
track record to further
strengthen core
business and capture
green growth
opportunities
14 Bond Investor Presentation May 2023
Further strengthen core
Lead digital
AAIM
H
HYDRAULIK NORD
controls
LEANHEAT
Oggi
Innovative into port Intuive
VAGONⓇ
ARTEMIS
INTELLIGENT POWER
SSONDEX
EATON
Hydraulics
ZICO
PROSA
TII WHITE
BOCK
DRIVE PRODUCTS
#1/#2 position in electrification
VISEDO
Electricity in Motion.
IKUSI
GE
velatia
LQM
TECHNOLOGIES
SEMIKRON
AXCO
motors
ENGINEERING TOMORROW DanfossView entire presentation