JACOB LEE ØRNSTRAND HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 34619530

Næstvedgade 1, 2100 København Ø

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	632.16	688.90	809.71	921.60	915.40
Manufacturing for enterprise's own use	4.76	4.00	4.78	5.40	5.41
Other operating income	0.04	12.28	0.38		24.20
Purchases during the financial year	- 130.18	- 150.16	- 190.92	- 226.31	- 227.21
External services	-30.16	-49.34	-40.39	-45.75	-53.76
Gross profit	476.57	493.39	583.19	654.95	639.84
Employee benefit expenses	-49.67	-55.55	-59.61	-70.06	-70.44
Other operating expenses				-0.66
Total depreciation	- 320.87	- 343.02	- 399.17	- 472.70	- 356.38
Reduction in value of non-current assets		2.29	1.07	3.27	0.46
EBIT	106.07	109.38	125.85	114.80	237.68
Other financial income	0.50	4.46	12.56	0.18	1.97
Other financial expenses	-50.04	-36.05	-42.87	-87.30	-89.72
Pre-tax profit	56.53	77.79	95.54	27.68	149.93
Income taxes	-13.71	-16.07	-30.04	-11.37	-40.39
Net earnings	42.82	61.72	65.50	16.31	109.55

	2020	2021	2022	2023	2024
Development expenditure	1.97	11.21	15.04	18.50	19.31
Intangible rights	0.03	0.00
Goodwill	61.07	54.03	46.53	39.02	31.52
Intangible assets total	63.07	65.25	61.57	57.53	50.82
Land and waters	22.05	15.37	32.76	32.79
Buildings	1 657.26	1 755.15	2 099.39	2 395.55	2 160.43
Machinery and equipment	0.07	0.02
Tangible assets total	1 679.37	1 770.54	2 132.15	2 428.34	2 160.43
Participating interests			0.74	2.09	1.00
Other non-current investments	5.82
Investments total	5.82		0.74	2.09	1.00
Non-current loans receivable			0.01	0.01
Long term receivables total			0.01	0.01
Finished products/goods	1.82	0.85	0.41	2.39	0.33
Inventories total	1.82	0.85	0.41	2.39	0.33
Current trade debtors	118.71	109.57	135.63	166.74	146.57
Prepayments and accrued income		18.15	24.91	12.08	3.28
Current other receivables	20.19	14.56	6.21	6.73	29.87
Current deferred tax assets	3.14	8.50	5.45	1.45	2.51
Short term receivables total	142.04	150.78	172.20	187.00	182.24
Cash and bank deposits	98.04	74.59	114.66	52.62	110.41
Cash and cash equivalents	98.04	74.59	114.66	52.62	110.41
Balance sheet total (assets)	1 990.16	2 062.02	2 481.75	2 729.99	2 505.24

	2020	2021	2022	2023	2024
Share capital	0.50	0.50	0.50	0.50	0.50
Asset revaluation reserve			14.39	15.01
Shares repurchased			0.12	0.12	1.00
Other reserves	1.35	-2.37	-18.40	-9.29	-20.08
Retained earnings	153.68	190.40	249.32	312.54	340.37
Profit of the financial year	42.82	61.72	65.50	16.31	109.55
Minority interest (BS)	2.41	4.35	7.03	9.18	12.30
Shareholders equity total	200.77	254.60	318.46	344.38	443.64
Provisions	96.59	107.13	116.22	105.59	136.93
Non-current loans from credit institutions	28.42	28.24	33.59	33.40	21.33
Non-current leasing loans	1 121.62	992.14	1 208.90	1 466.54	1 135.65
Non-current accruals and deferred income			12.83	11.32	10.47
Non-current other liabilities	227.93	135.29	108.55	89.40	90.51
Non-current deferred tax liabilities	15.01	7.05
Non-current liabilities total	1 392.98	1 162.72	1 363.87	1 600.67	1 257.97
Current loans from credit institutions	225.42	467.46	542.99	524.83	544.61
Advances received	0.73	0.56	0.75
Current trade creditors	34.05	39.69	88.91	117.46	78.14
Other non-interest bearing current liabilities	39.60	29.86	50.54	37.06	43.95
Current liabilities total	299.80	537.56	683.19	679.35	666.70
Balance sheet total (liabilities)	1 990.16	2 062.02	2 481.75	2 729.99	2 505.24

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