Debt Investor Presentation April 2021
Income Statement
Danfoss 2019-2020 and Pro Forma 2020
Danfoss
Danfoss
EURM
2019
2020
Eaton
Hydraulics
2020
White Drive
Subtotal
Adjustments
Pro Forma
2020
2020
2020
2020
Net sales
6,285
5,828
1,619
-171
7,276
0
7,276
Cost of sales
-4,173
-3,845
-1,216
124
-4,937
-76
-5,013
Gross profit
2,112
1,983
403
-47
2,339
-76
2,263
Research and development costs
-272
-267
-36
1
-302
0
-302
Selling and distribution costs
-864
-773
-163
6
-930
-37
-967
Administrative expenses
-275
-270
-110
11
-369
0
-369
Other operating income and expenses
-2
-54
-20
0
-74
0
-74
Share of profit from Ass./joint ventures
-4
6
0
0
6
0
6
Operating profit (EBIT)
695
625
74
-29
670
-113
557
Financial income
4
2
0
0
2
0
2
Financial expenses
Profit before tax
Tax on profit
Net profit
EBITDA before other operating income and expenses
-37
-50
-2
0
-52
-32
-84
662
577
72
-29
620
-145
475
-160
-142
0
0
-142
-26
-116
502
435
72
-29
478
-119
359
1,028
1,008
163
-40
0
1,131
EBITDA before other operating income and expenses margin (%)
EBITDA
16.4%
17.3%
10.1%
23.4%
15.5%
1,026
954
143
-40
0
1,057
EBITDA margin (%)
16.3%
16.4%
8.8%
23.4%
14.5%
EBITA
771
723
74
-32
-5
760
EBITA margin (%)
12.3%
12.4%
4.5%
18.7%
10.4%
30 Danfoss Debt Investor Presentation April 2021
Confidential
ENGINEERING TOMORROW
DanfossView entire presentation