GAVDI GROUP A/S — Credit Rating and Financial Key Figures

CVR number: 29799644

Lyngbyvej 2, 2100 København Ø

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	214.88	226.96	235.44	189.43	182.53
Other operating income	5.50	1.04	0.17	25.09	0.74
External services	-73.54	-68.10	-75.74	-60.43	-64.37
Gross profit	146.84	159.89	159.87	154.09	118.89
Employee benefit expenses	- 127.00	- 135.82	- 143.10	- 115.17	- 124.72
Total depreciation	-3.09	-2.89	-1.76	-0.63	-0.32
EBIT	16.75	21.18	15.02	38.30	-6.15
Other financial income	3.41	3.50	2.65	3.49	1.57
Other financial expenses	-1.65	-2.98	-1.61	-1.49	-2.12
Pre-tax profit	18.51	21.70	16.06	36.17	-6.71
Income taxes	-2.37	-3.69	-1.63	2.07	0.33
Profit/loss from discontinued operations				8.79
Net earnings	16.14	18.01	14.43	47.02	-6.38

	2020	2021	2022	2023	2024
Development expenditure	1.85	0.54	0.11
Goodwill	1.10	0.78	1.31	0.90	0.65
Intangible assets total	2.95	1.31	1.41	0.90	0.65
Machinery and equipment	3.06	3.10	2.50	0.10	0.10
Tangible assets total	3.06	3.10	2.50	0.10	0.10
Investments total			1.94	1.76	1.99
Non-current loans receivable	3.77	3.77	3.77	3.77	3.77
Non-current other receivables	3.14	1.73
Long term receivables total	6.91	5.50	3.77	3.77	3.77
Inventories total
Current trade debtors	45.99	55.13	50.30	55.80	42.03
Current amounts owed by group member comp.	45.25	43.28	44.50	4.82	5.39
Prepayments and accrued income	2.77	1.07	1.33	1.25	4.00
Current other receivables	8.01	7.00	11.91	11.78	9.14
Current deferred tax assets	1.38	1.77	2.94	1.00	2.75
Short term receivables total	103.39	108.24	110.97	74.64	63.32
Cash and bank deposits	27.85	31.27	25.94	21.49	20.47
Cash and cash equivalents	27.85	31.27	25.94	21.49	20.47
Balance sheet total (assets)	144.16	149.43	146.54	102.66	90.31

	2020	2021	2022	2023	2024
Share capital	0.50	0.50	0.51	0.51	0.51
Shares repurchased	3.00	4.00	3.00	72.00	5.60
Other reserves	4.98	4.13	3.77	-68.23	3.77
Retained earnings	36.52	41.56	55.66	-6.94	34.31
Profit of the financial year	16.14	18.01	14.43	47.02	-6.38
Minority interest (BS)	11.63	11.89	8.01	1.72	1.27
Shareholders equity total	72.77	80.09	85.38	46.08	39.08
Provisions	0.28
Non-current loans from credit institutions	1.69	2.39	1.10
Non-current other liabilities				4.00	3.56
Non-current deferred tax liabilities	4.71	4.32	4.13
Non-current liabilities total	6.39	6.71	5.23	4.00	3.56
Current loans from credit institutions	2.88	2.42	4.48	3.59	3.03
Current trade creditors	15.98	12.94	14.11	9.37	8.64
Current owed to participating	1.27	0.70	0.18	0.18	0.15
Current owed to group member				0.91	1.82
Short-term deferred tax liabilities	1.62	2.24	0.14	0.94	0.48
Other non-interest bearing current liabilities	24.09	23.38	18.64	22.01	20.06
Accruals and deferred income	18.87	20.97	18.37	15.58	13.47
Current liabilities total	64.72	62.64	55.93	52.58	47.66
Balance sheet total (liabilities)	144.16	149.43	146.54	102.66	90.31

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