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)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	1 170.98	1 100.57	1 125.95	1 237.63	973.39
Other operating income				2.70	4.62
Purchases during the financial year				- 668.32	- 492.48
External services				-97.89	-92.44
Gross profit	1 170.98	1 100.57	1 125.95	474.13	393.09
Employee benefit expenses				- 315.36	- 299.46
Other operating expenses				-0.70	-1.63
Total depreciation				-27.30	-33.09
EBIT	45.67	50.35	131.20	130.77	58.91
Other financial income				13.22	31.27
Other financial expenses				-23.48	-24.46
Pre-tax profit	37.31	141.39	104.10	120.51	65.72
Income taxes				-31.28	-23.33
Net earnings	37.31	141.39	104.10	89.23	42.39

	2019	2020	2021	2022	2023
Development expenditure				72.92	83.20
Intangible rights				7.65	9.48
Goodwill				41.33	35.30
Intangible assets total				121.90	127.99
Land and waters				209.54	194.58
Buildings				23.06	23.64
Machinery and equipment				7.41	7.95
Advance payments and construction in progress				6.95	28.39
Tangible assets total				246.96	254.56
Participating interests					0.80
Investments total	1 251.41	1 170.01	1 289.94	0.29	1.09
Non-current loans receivable				38.06	40.31
Long term receivables total				38.06	40.31
Semifinished products				146.26	112.49
Raw materials and consumables				141.74	130.98
Finished products/goods				159.47	150.85
Inventories total				447.47	394.32
Current trade debtors				110.16	71.53
Current amounts owed by group member comp.					0.01
Prepayments and accrued income				5.03	14.20
Current other receivables				13.38	14.24
Short term receivables total				128.56	99.97
Other current investments				241.21	282.96
Cash and bank deposits				104.33	78.45
Cash and cash equivalents				345.54	361.41
Balance sheet total (assets)	1 251.41	1 170.01	1 289.94	1 328.77	1 279.66

	2019	2020	2021	2022	2023
Share capital	627.21	714.66	646.89	0.50	0.50
Shares repurchased				10.00	10.00
Other reserves				55.30	79.00
Retained earnings	-37.31	- 141.39	- 104.10	551.88	607.96
Profit of the financial year	37.31	141.39	104.10	89.23	42.39
Minority interest (BS)				13.02	13.23
Shareholders equity total	627.21	714.66	646.89	719.93	753.09
Provisions				49.77	50.05
Capital loans				5.84	4.61
Non-current loans from credit institutions				120.26	100.63
Non-current leasing loans				0.15	1.53
Non-current deferred tax liabilities				68.17	64.19
Non-current liabilities total				194.42	170.95
Current loans from credit institutions				148.44	162.43
Advances received				6.17	0.21
Current trade creditors				112.60	68.27
Short-term deferred tax liabilities				19.24	11.82
Other non-interest bearing current liabilities				71.92	55.40
Accruals and deferred income				6.27	7.44
Current liabilities total				364.65	305.57
Balance sheet total (liabilities)	627.21	714.66	646.89	1 328.77	1 279.66

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