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NOVENCO MARINE & OFFSHORE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NOVENCO MARINE & OFFSHORE A/S
NOVENCO MARINE & OFFSHORE A/S (CVR number: 33785682K) is a company from KØGE. The company reported a net sales of 471.9 mDKK in 2025, demonstrating a decline of -3.7 % compared to the previous year. The operating profit percentage was at 4.5 % (EBIT: 21.3 mDKK), while net earnings were 15.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was 18.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. NOVENCO MARINE & OFFSHORE A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 297.70 | 320.35 | 412.57 | 490.28 | 471.94 |
| Gross profit | 297.70 | 320.35 | 89.74 | 126.00 | 122.58 |
| EBIT | 297.70 | 320.35 | 23.01 | 36.56 | 21.28 |
| Net earnings | -2.40 | 11.48 | 20.61 | 31.88 | 15.06 |
| Shareholders equity total | 20.63 | 30.13 | 43.25 | 73.67 | 87.92 |
| Balance sheet total (assets) | 157.70 | 207.68 | 252.77 | 417.40 | 440.79 |
| Net debt | -28.45 | - 114.22 | - 109.41 | ||
| Profitability | |||||
| EBIT-% | 100.0 % | 100.0 % | 5.6 % | 7.5 % | 4.5 % |
| ROA | 158.6 % | 175.4 % | 11.9 % | 13.6 % | 5.7 % |
| ROE | -11.8 % | 45.2 % | 56.2 % | 54.5 % | 18.6 % |
| ROI | 158.6 % | 175.4 % | 17.9 % | 35.4 % | 16.5 % |
| Economic value added (EVA) | 296.69 | 319.32 | 16.57 | 21.10 | 8.20 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 17.1 % | 17.6 % | 20.0 % |
| Gearing | 91.3 % | 61.4 % | 31.5 % | ||
| Relative net indebtedness % | 30.5 % | 29.5 % | 40.4 % | ||
| Liquidity | |||||
| Quick ratio | 1.1 | 1.2 | 1.2 | ||
| Current ratio | 1.3 | 1.3 | 1.3 | ||
| Cash and cash equivalents | 67.93 | 159.46 | 137.15 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 57.3 | 87.3 | 114.8 | ||
| Net working capital % | 12.1 % | 21.3 % | 21.5 % | ||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | A | A |
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