Danfoss Raises Outlook After +50% Sales Growth

James G. Cole

Sales grew 50% including the 2021 acquisition of Eaton’s hydraulics business, reaching EUR 4.9 billion. Organic growth was 13%. Operating profits (EBITA) increased by 27%. Growth momentum continued despite high inflation, ongoing supply chain disruptions, exit from Russia, and COVID-19 lockdowns in China. Semikron Danfoss transaction closed in August, building […]

Gaithersburg’s Novavax slashes sales forecast

James G. Cole

Gaithersburg-based Novavax has cut its sales forecast for the year on slower-than-expected sales. Novavax has cut its sales forecast for the year on slower-than-expected sales. Novavax is the Gaithersburg, Maryland company that developed a COVID-19 vaccine that was given emergency use approval by the Food and Drug Administration and subsequent […]