Global Danfoss April 2009 Table of contents Page 7 Charity begins at home for Steve Twelve employees at Danfoss Scroll Technolog
Leader Now is good to be big By President and CEO Niels B. Christiansen Let me get straight to the point: the situation on the w
Focus: Crisis 4
The world is suffering Lower net sales, less cash, a hiring freeze, a salary freeze, deferred construction projects. The financi
Focus: Crisis »The fourth quarter closure reduced the inventory to better match the size of the order books. In this way, we man
Charity begins at home for Steve Twelve employees at Danfoss Scroll Technologies volunteered to be dismissed – in return, they w
Focus: Crisis 8
Sailing against the financial tide The crisis has had a wide effect on Danfoss, but some business areas are doing just fine. Amo
By Niels Chr. Larsen Q&A Questions and answers. On this page we will focus on a central issue in each edition of Global Danfoss.
Annual Report 2008 – in brief MAKING M ODERN LIV LE ING POSSIB port 2008 e R l a u n n A 11
The effect of the global crisis and the development of the fourth quarter in particular meant that the Danfoss Group’s growth in
the group’s customers were reluctant to place orders, and shut down their production sites earlier than usual before the holiday
Since it is not possible to minimise operational costs proportionally with the development of activities, there is a risk that D
Financial highlights (DKK) mill DKK mio. DKK 2004 2005 2006 2007 2008* 2008** PROFIT AND LOSS ACCOUNT Net sales Operating profit
16
Corporate Citizenship Danfoss aims to actively contribute to a global, sustainable development where social responsibility, and
Talent identification and development is the responsibility of the individual leader, but HR provides guidance and tools in the
Agata is quick to roll up her sleeves By Ole Kanstrup Problems that arrive on Agata Syropolska’s office desk don’t end up filed
Xu Zhihua at the bolt welding station No earmuffs, no bonus By Niels Chr. Larsen At first the employees at Danfoss Qinbao in Chi
Notes Department manager dresses up William Keith Tucker, a department manager at Scroll Technologies in Arkadelphia, Arkansas,
22
3x25 Danfoss’ new climate strategy means 25 per cent less CO2 and 25 per cent more renewable energy by 2025. Some figures are si
per cent of the CO2 that we did in 2007. This roughly equals an annual reduction of 1 per cent although in real terms, this figu
Help for supplier Criticism of supplier’s conditions involved Danfoss in a case concerning trade unions in China. Danfoss has co
Prisoners work for DEVI Text and photo: Niels Chr. Larsen The salary is not high, but he can earn enough money for the five pack
Notes Stickers instead of stamps Until recently, the employees at the Sales Shipping warehouse in Mexico stamped a ’v’ on every
Danfoss around the world India Poland Polish colleagues compose poems about Danfoss Michał Skrzyński, a mechanic-automatician (L
Page 1:
MAKING MODERN LIVING POSSIBLE The crisis hurts 2008 Annual Repor
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Global Danfoss April 2009 Table of contents Page 7 Charity begin
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Leader Now is good to be big By President and CEO Niels B. Chris
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Focus:
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The world is suffering Lower net sales, less cash, a hiring free
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Focus: Crisis »The fourth quarter closure reduced the inventory
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Charity begins at home for Steve Twelve employees at Danfoss Scr
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Focus:
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Sailing against the financial tide The crisis has had a wide eff
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By Niels Chr. Larsen Q&A Questions and answers. On this page we
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Annual Report 2008 – in brief MAKING M ODERN
Page 12:
The effect of the global crisis and the development of the fourt
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the group’s customers were reluctant to place orders, and shut d
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Since it is not possible to minimise operational costs proportio
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Financial highlights (DKK) mill DKK mio. DKK 2004 2005 2006 2007
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1
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Corporate Citizenship Danfoss aims to actively contribute to a g
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Talent identification and development is the responsibility of t
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Agata is quick to roll up her sleeves By Ole Kanstrup Problems t
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Xu Zhihua at the bolt welding station No earmuffs, no bonus By N
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Notes Department manager dresses up William Keith Tucker, a depa
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2
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3x25 Danfoss’ new climate strategy means 25 per cent less CO2 an
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per cent of the CO2 that we did in 2007. This roughly equals an
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Help for supplier Criticism of supplier’s conditions involved Da
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Prisoners work for DEVI Text and photo: Niels Chr. Larsen The sa
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Notes Stickers instead of stamps Until recently, the employees a
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Danfoss around the world India Poland Polish colleagues compose
Danfoss Group Global
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