SYSTEMATIC A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SYSTEMATIC A/S
SYSTEMATIC A/S (CVR number: 78834412K) is a company from AARHUS. The company reported a net sales of 191.8 mEUR in 2023, demonstrating a growth of 7.7 % compared to the previous year. The operating profit percentage was at 18.5 % (EBIT: 35.4 mEUR), while net earnings were 27.3 mEUR. The profitability of the company measured by Return on Assets (ROA) was 23.3 %, which can be considered excellent and Return on Equity (ROE) was 28.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 60.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. SYSTEMATIC A/S's liquidity measured by quick ratio was 2.4 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 135.78 | 148.22 | 173.12 | 178.09 | 191.77 |
Gross profit | 93.11 | 104.09 | 122.50 | 118.81 | 138.97 |
EBIT | 12.17 | 19.64 | 32.68 | 23.07 | 35.38 |
Net earnings | 8.71 | 15.65 | 24.44 | 19.46 | 27.33 |
Shareholders equity total | 51.31 | 62.03 | 80.39 | 86.78 | 103.29 |
Balance sheet total (assets) | 102.07 | 119.52 | 149.28 | 145.55 | 171.60 |
Net debt | -31.22 | -48.56 | -76.32 | -63.06 | -83.96 |
Profitability | |||||
EBIT-% | 9.0 % | 13.2 % | 18.9 % | 13.0 % | 18.5 % |
ROA | 12.7 % | 17.8 % | 24.3 % | 16.7 % | 23.3 % |
ROE | 17.9 % | 27.6 % | 34.3 % | 23.3 % | 28.8 % |
ROI | 24.2 % | 33.1 % | 44.8 % | 29.4 % | 37.9 % |
Economic value added (EVA) | 8.15 | 14.57 | 24.46 | 18.05 | 26.57 |
Solvency | |||||
Equity ratio | 50.3 % | 51.9 % | 53.9 % | 59.6 % | 60.2 % |
Gearing | |||||
Relative net indebtedness % | 12.7 % | 3.7 % | -4.4 % | -2.6 % | -10.7 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.0 | 2.0 | 2.2 | 2.4 |
Current ratio | 2.0 | 2.0 | 2.0 | 2.2 | 2.4 |
Cash and cash equivalents | 31.22 | 48.56 | 76.32 | 63.06 | 83.96 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 74.4 | 51.4 | 68.5 | 80.9 | 93.6 |
Net working capital % | 33.9 % | 30.0 % | 34.4 % | 35.4 % | 44.4 % |
Credit risk | |||||
Credit rating | AA | AA | AA | AAA | AAA |
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