FENRISULVEN HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 26175488

Egegårdsvej 2, 4621 Gadstrup

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	488.83	523.01	516.00	506.15	471.40
Change in finished goods inventory	-0.61	3.70	0.51	-5.52	-1.33
Other operating income	0.08	0.90	2.17	2.02	1.75
Purchases during the financial year	- 317.24	- 343.80	- 362.08	- 350.58	- 316.02
External services	-51.93	-49.13	-55.01	-59.20	-48.32
Rents	-0.09	-0.03	-0.26	-0.03	-0.47
Gross profit	119.22	134.71	101.33	92.84	107.00
Employee benefit expenses	-75.43	-86.30	-81.69	-76.86	-73.43
Other operating expenses				-0.05	-0.66
Total depreciation	-15.94	-17.06	-20.36	-18.66	-16.70
EBIT	27.84	31.35	-0.72	-2.73	16.22
Other financial income	4.49	12.37	5.92	13.43	12.56
Other financial expenses	-9.71	-4.47	-21.17	-9.57	-9.06
Net income from associates (fin.)	0.52
Pre-tax profit	23.14	39.25	-15.96	1.13	19.71
Income taxes	-5.10	-8.77	0.86	-2.15	-4.49
Net earnings	18.04	30.48	-15.11	-1.02	15.22

	2020	2021	2022	2023	2024
Intangible rights	0.00	2.00	1.75	1.48	1.31
Goodwill	9.42	8.45	7.48	6.51	6.60
Intangible assets total	9.42	10.45	9.23	7.99	7.91
Land and waters	80.47	122.45	112.92	102.02	96.10
Machinery and equipment	36.60	55.71	46.78	51.78	54.52
Advance payments and construction in progress	35.44	0.64	2.92	0.14	0.18
Tangible assets total	152.50	178.79	162.62	153.94	150.80
Investments total
Non-current other receivables		0.09
Long term receivables total		0.09
Raw materials and consumables	24.02	29.47	36.26	33.77	29.98
Finished products/goods	18.89	23.05	24.51	20.61	19.27
Advance payments	0.10	1.78	0.87		1.27
Inventories total	43.01	54.30	61.64	54.38	50.52
Current trade debtors	80.42	90.17	88.45	82.20	79.11
Prepayments and accrued income	5.84	6.50	3.37	3.19	5.05
Current other receivables	1.88	2.06	2.91	3.18	3.09
Current deferred tax assets	3.68	4.72	6.80	4.33	1.73
Short term receivables total	91.82	103.46	101.54	92.90	88.98
Other current investments	14.82	25.08	17.91	26.86	32.84
Cash and bank deposits	89.64	88.58	66.03	70.20	79.55
Cash and cash equivalents	104.46	113.66	83.94	97.06	112.39
Balance sheet total (assets)	401.22	460.75	418.96	406.27	410.61

	2020	2021	2022	2023	2024
Share capital	2.50	2.50	2.50	2.50	2.50
Shares repurchased	2.50	2.50	2.50	2.50	2.50
Other reserves			-2.23	-1.22	-1.51
Retained earnings	133.96	132.06	165.78	154.16	141.86
Profit of the financial year	18.04	30.48	-15.11	-1.02	15.22
Minority interest (BS)	102.92	124.07	116.64	108.85	118.33
Shareholders equity total	259.93	291.61	270.07	265.77	278.90
Non-current loans from credit institutions	44.78	60.35	37.97	29.79	32.27
Non-current leasing loans	3.30	3.99	5.66	5.38	2.85
Non-current owed to group member	2.16	2.00	1.31	1.12	1.00
Non-current other liabilities	0.06	0.07
Non-current deferred tax liabilities	6.92	8.16	0.87	2.01	2.79
Non-current liabilities total	57.22	74.58	45.82	38.30	38.91
Current loans from credit institutions	13.48	22.47	34.28	36.76	33.97
Advances received		0.12	0.09	0.00	0.00
Current trade creditors	40.40	37.27	35.20	36.66	35.60
Other non-interest bearing current liabilities	30.15	34.69	33.50	28.77	23.22
Accruals and deferred income	0.05	0.02
Current liabilities total	84.07	94.57	103.07	102.20	92.79
Balance sheet total (liabilities)	401.22	460.75	418.96	406.27	410.61

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