Danfoss Drives Oy
Danfoss Drives Oy is a Finnish limited company (Oy), listed in the Finnish Trade Register since 02.02.1999. Primary activity is manufacture of other electrical equipment (TOL 27900). The company is located in Vaasa.
Overview
About the company
Danfoss Drives Oy is a Finnish limited company (Oy), listed in the Finnish Trade Register since 02.02.1999. Primary activity is manufacture of other electrical equipment (TOL 27900). The company is located in Vaasa.
Basic data
- Business name
- Danfoss Drives Oy
- Registry code
- 1519966-5
- Legal form
- Limited company (Oy)
- Status
- Active
- First registration
- 02.02.1999
- Address
- Runsorintie, 65380, Vaasa
- Primary activity (TOL)
- 27900 – Manufacture of other electrical equipment
- Website
- https://www.danfoss.com
Financials
Revenue trend
Annual reports
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Revenue | 217,9 M€ | 212,9 M€ | 256,2 M€ | 366,4 M€ | 336,0 M€ |
| Operating profit | 28,3 M€ | 17,5 M€ | 23,1 M€ | 73,6 M€ | 54,6 M€ |
| Op. margin | 13.0 % | 8.2 % | 9.0 % | 20.1 % | 16.2 % |
| Growth | -21.3 % | -2.3 % | +20.3 % | +43.0 % | -8.3 % |
| Equity ratio | 42.5 % | 24.3 % | 22.2 % | 27.5 % | 34.5 % |
| Employees | 745 | 717 | 715 | 751 | 815 |
| Balance sheet | 85,3 M€ | 70,6 M€ | 105,2 M€ | 170,9 M€ | 151,5 M€ |
Tax data 2020–2024
| 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Taxable income | 3,8 M€ | 2,8 M€ | 17,6 M€ | 39,5 M€ |
| Tax assessed | 495 k€ | 19 k€ | 3,3 M€ | 7,6 M€ |
| Effective tax rate | 12.98 % | 0.68 % | 18.44 % | 19.29 % |
| Tax refund | 1,1 M€ | – | 52 k€ | 374 k€ |
| Back-tax owed | – | 19 k€ | – | – |
Source: official public tax records.
Board and representatives
Active people registered in the official company register, by role.
Location on map
The company's registered location: Vaasa.
About Danfoss Drives Oy
Danfoss Drives Oy (Business ID 1519966-5) is a Finnish limited company (Oy), registered in the Trade Register on 02.02.1999. Latest reported revenue is 336,0 M€ (2024), with about 815 employees, based in Vaasa.
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