AXEL PITZNER FONDEN — Credit Rating and Financial Key Figures
Credit rating
Company information
About AXEL PITZNER FONDEN
AXEL PITZNER FONDEN (CVR number: 10557240) is a company from KØBENHAVN. The company reported a net sales of 11.9 mDKK in 2023, demonstrating a growth of 27 % compared to the previous year. The operating profit percentage was at 44.1 % (EBIT: 5.3 mDKK), while net earnings were 275.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20.8 %, which can be considered excellent and Return on Equity (ROE) was 24.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 86.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. AXEL PITZNER FONDEN's liquidity measured by quick ratio was 8.9 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 9 823.00 | 9 922.00 | 9 016.00 | 9 405.00 | 11 943.00 |
| Gross profit | 6 074.00 | 9 054.00 | 4 323.00 | 3 013.00 | 5 892.00 |
| EBIT | 5 705.00 | 8 829.00 | 3 993.00 | 2 383.00 | 5 262.00 |
| Net earnings | 113 978.00 | 52 735.00 | 67 482.00 | 52 441.00 | 275 585.00 |
| Shareholders equity total | 881 405.00 | 902 296.00 | 994 838.00 | 1 026 121.00 | 1 224 606.00 |
| Balance sheet total (assets) | 975 695.00 | 997 382.00 | 1 175 783.00 | 1 295 441.00 | 1 412 271.00 |
| Net debt | 38 818.00 | 42 356.00 | 136 704.00 | 117 670.00 | 110 390.00 |
| Profitability | |||||
| EBIT-% | 58.1 % | 89.0 % | 44.3 % | 25.3 % | 44.1 % |
| ROA | 13.2 % | 5.1 % | 7.8 % | 5.2 % | 20.8 % |
| ROE | 13.6 % | 5.9 % | 7.1 % | 5.2 % | 24.5 % |
| ROI | 13.4 % | 5.3 % | 7.9 % | 5.4 % | 21.5 % |
| Economic value added (EVA) | 18 839.89 | 25 880.76 | 25 424.39 | 21 580.44 | 30 662.68 |
| Solvency | |||||
| Equity ratio | 90.3 % | 90.5 % | 84.6 % | 79.2 % | 86.7 % |
| Gearing | 4.6 % | 4.9 % | 14.2 % | 13.7 % | 11.4 % |
| Relative net indebtedness % | 608.7 % | 651.2 % | 1574.6 % | 2167.8 % | 966.9 % |
| Liquidity | |||||
| Quick ratio | 8.5 | 6.0 | 29.9 | 2.4 | 8.9 |
| Current ratio | 8.5 | 6.0 | 29.9 | 2.4 | 8.9 |
| Cash and cash equivalents | 2 156.00 | 2 080.00 | 4 494.00 | 22 409.00 | 29 105.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 895.0 % | 885.9 % | 2005.3 % | 1074.3 % | 232.2 % |
| Credit risk | |||||
| Credit rating | AAA | AAA | AAA | AA | AAA |
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