GLERUP A/S — Credit Rating and Financial Key Figures

CVR number: 27549950

Vestre Ringvej 50, 8600 Silkeborg

mgl@glerupas.dk

tel: 40453666

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	1 100.57	1 125.95	1 237.63	974.65	956.21
Other operating income				4.62	4.00
Purchases during the financial year				- 493.62	- 449.08
Costs of manufacturing					-13.44
External services				-92.42	- 114.27
Rents					-0.10
Gross profit	1 100.57	1 125.95	1 237.63	393.24	383.32
Employee benefit expenses				- 299.48	- 310.14
Other operating expenses				-1.63	-3.59
Total depreciation				-33.09	-36.34
EBIT	50.35	131.20	130.77	59.04	33.25
Other financial income				31.27	27.43
Other financial expenses				-24.59	-18.97
Pre-tax profit	141.39	104.10	89.23	65.72	41.72
Income taxes				-23.33	-14.07
Net earnings	141.39	104.10	89.23	42.39	27.64

	2020	2021	2022	2023	2024
Development expenditure				83.20	91.48
Intangible rights				9.48	11.88
Goodwill				35.30	29.34
Intangible assets total				127.98	132.71
Land and waters				194.58	340.96
Buildings				23.64	33.87
Machinery and equipment				7.95	11.13
Advance payments and construction in progress				28.39	2.03
Tangible assets total				254.56	388.00
Participating interests				0.80	5.18
Investments total	1 170.01	1 289.94	1 328.77	1.09	5.47
Non-current loans receivable				40.31	61.42
Long term receivables total				40.31	61.42
Semifinished products				112.49	53.63
Raw materials and consumables				130.98	160.20
Finished products/goods				150.85	104.11
Inventories total				394.32	317.93
Current trade debtors				71.53	81.55
Current amounts owed by group member comp.				0.01	0.01
Prepayments and accrued income				14.20	5.82
Current other receivables				14.24	18.48
Short term receivables total				99.97	105.86
Other current investments				282.96	194.15
Cash and bank deposits				78.45	31.33
Cash and cash equivalents				361.41	225.48
Balance sheet total (assets)	1 170.01	1 289.94	1 328.77	1 279.66	1 236.88

	2020	2021	2022	2023	2024
Share capital	714.66	646.89	719.93	0.50	0.50
Shares repurchased				10.00	10.00
Other reserves				79.00	85.92
Retained earnings	- 141.39	- 104.10	-89.23	607.96	554.03
Profit of the financial year	141.39	104.10	89.23	42.39	27.64
Minority interest (BS)				13.23	11.99
Shareholders equity total	714.66	646.89	719.93	753.09	690.09
Provisions				50.05	45.52
Capital loans				4.61	3.21
Non-current loans from credit institutions				100.63	87.89
Non-current leasing loans				1.53	11.16
Non-current deferred tax liabilities				64.19	67.73
Non-current liabilities total				170.95	169.99
Current loans from credit institutions				162.43	171.32
Advances received				0.21	0.20
Current trade creditors				68.27	77.05
Short-term deferred tax liabilities				11.82	9.67
Other non-interest bearing current liabilities				55.39	66.07
Accruals and deferred income				7.44	6.95
Current liabilities total				305.56	331.27
Balance sheet total (liabilities)	714.66	646.89	719.93	1 279.66	1 236.88

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