Daikin Europe enjoys growth in profits and turnover

Daikin Europe NV has reported a 4% increase in turnover for the year to the end of March 2014 compared to the previous year and a 17% increase in profit. Consolidated turnover was €1902 million. The company is looking to deliver sales of over €2 billion this year.

Much of the growth was due to emerging markets, particularly Turkey, which saw turnover rise by 17%. Increased activity in the hotel sector led to 50% growth in sales of the VRV commercial climate-control system.

The rest of Europe saw moderate growth as signs of recovery started to emerge, and this is expected to continue — as demonstrated by strong sales across the region in the final quarter of the company’s year.

Turnover in central Europe grew by 10%. Sweden saw growth of 23%, mainly due to increased sales of Altherma heat pumps.

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