EURO STEEL 1988 ApS — Credit Rating and Financial Key Figures

CVR number: 12119704

Lundagervej 31, 8722 Hedensted

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	751.10	1 143.49	1 412.80	1 708.26	2 400.87
Other operating income				4.45	6.95
Purchases during the financial year				-1 135.64	-1 698.13
External services				-98.79	- 151.56
Gross profit	141.66	254.41	381.71	478.28	558.13
Employee benefit expenses				- 120.88	- 284.86
Other operating expenses				-0.05	-0.04
Total depreciation				-62.06	-75.28
EBIT	46.59	88.68	191.40	295.29	197.95
Other financial income				22.81	46.65
Other financial expenses				-16.12	-26.22
Pre-tax profit				301.98	218.38
Income taxes				-60.58	-29.61
Net earnings				241.40	188.77

	2019	2020	2021	2022	2023
Intangible rights				5.82	4.03
Goodwill				7.98	4.65
Intangible assets total				13.81	8.68
Land and waters				540.41	610.78
Buildings				1.06	0.89
Machinery and equipment				176.23	299.01
Advance payments and construction in progress				7.14	24.69
Other tangible assets				5.53	6.58
Tangible assets total				730.37	941.96
Participating interests				4.40	3.20
Other non-current investments				11.58	9.74
Investments total	1 527.76	1 500.83	1 613.29	15.98	12.94
Non-current other receivables				30.29	89.74
Long term receivables total				30.29	89.74
Semifinished products				26.74	24.23
Raw materials and consumables				506.90	627.13
Inventories total				533.65	651.36
Current trade debtors				307.23	620.32
Current owed by particip. interest comp.				0.15	0.55
Prepayments and accrued income				10.54	2.81
Current other receivables				58.23	217.26
Short term receivables total				376.15	840.94
Other current investments				74.57	95.38
Cash and bank deposits				131.06	10.65
Cash and cash equivalents				205.63	106.03
Balance sheet total (assets)	1 527.76	1 500.83	1 613.29	1 905.87	2 651.64

	2022	2023
Share capital	1.00	1.00
Asset revaluation reserve	25.65	22.63
Shares repurchased	10.00	5.00
Retained earnings	640.35	803.85
Profit of the financial year	241.40	188.77
Minority interest (BS)	426.69	502.47
Shareholders equity total	1 345.08	1 523.72
Provisions	35.18	33.20
Non-current loans from credit institutions	218.86	212.40
Non-current deferred tax liabilities	4.89	8.98
Non-current liabilities total	223.75	221.37
Current loans from credit institutions	79.93	292.22
Advances received		117.53
Current trade creditors	63.84	197.62
Short-term deferred tax liabilities	46.86	32.05
Other non-interest bearing current liabilities	85.18	206.34
Accruals and deferred income	26.05	27.59
Current liabilities total	301.86	873.35
Balance sheet total (liabilities)	1 905.87	2 651.64

CreditReports API