SYSTEMATIC A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SYSTEMATIC A/S
SYSTEMATIC A/S (CVR number: 78834412) is a company from AARHUS. The company reported a net sales of 154.7 mEUR in 2023, demonstrating a decline of -2.4 % compared to the previous year. The operating profit percentage was at 19.9 % (EBIT: 30.8 mEUR), while net earnings were 27.3 mEUR. The profitability of the company measured by Return on Assets (ROA) was 26.3 %, 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 70.5 %, 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 2.9 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 | 116.12 | 127.15 | 153.08 | 158.44 | 154.69 |
Gross profit | 71.32 | 82.45 | 102.24 | 93.79 | 111.52 |
EBIT | 9.66 | 15.35 | 29.82 | 18.64 | 30.78 |
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) | 83.44 | 103.88 | 123.50 | 125.05 | 146.50 |
Net debt | -5.44 | -19.16 | -27.46 | -7.09 | -27.70 |
Profitability | |||||
EBIT-% | 8.3 % | 12.1 % | 19.5 % | 11.8 % | 19.9 % |
ROA | 13.2 % | 20.3 % | 27.4 % | 19.1 % | 26.3 % |
ROE | 17.9 % | 27.6 % | 34.3 % | 23.3 % | 28.8 % |
ROI | 21.2 % | 31.0 % | 41.4 % | 27.3 % | 35.8 % |
Economic value added (EVA) | 6.86 | 10.93 | 23.11 | 14.03 | 22.91 |
Solvency | |||||
Equity ratio | 61.5 % | 59.7 % | 65.1 % | 69.4 % | 70.5 % |
Gearing | 4.3 % | 1.7 % | 4.2 % | 3.1 % | 1.3 % |
Relative net indebtedness % | 19.1 % | 14.3 % | 7.9 % | 17.8 % | 6.1 % |
Liquidity | |||||
Quick ratio | 2.3 | 2.2 | 2.4 | 2.4 | 2.9 |
Current ratio | 2.3 | 2.2 | 2.4 | 2.4 | 2.9 |
Cash and cash equivalents | 7.64 | 20.24 | 30.84 | 9.75 | 29.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 40.7 | 32.9 | 53.8 | 56.1 | 47.6 |
Net working capital % | 31.0 % | 27.9 % | 31.7 % | 29.4 % | 42.7 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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