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

CVR number: 29800758

Finsensvej 3, 7430 Ikast

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	525.79	344.97	635.44	503.28	344.56
Other operating income	2.10	26.86	4.96	0.28	5.08
Costs of manufacturing	- 492.67	- 318.02	- 577.66	- 464.20	- 368.92
External services	-11.38	-16.93	-7.70	-10.97	-11.90
Gross profit	23.84	36.87	55.05	28.39	-31.17
Employee benefit expenses	-25.80	-24.53	-27.70	-26.07	-24.07
Total depreciation	-0.53	-0.15	-0.14	-0.21	-0.46
EBIT	-2.49	12.19	27.21	2.11	-55.70
Other financial income	7.43	5.97	7.69	15.34	13.99
Other financial expenses	-4.41	-5.69	-7.83	-12.54	-12.05
Net income from associates (fin.)	-0.24	23.20	1.05	10.65	21.84
Pre-tax profit	0.29	35.66	28.12	15.55	-31.92
Income taxes	-1.78	-3.05	-8.11	-4.00	5.09
Net earnings	-1.49	32.61	20.01	11.56	-26.84

	2020	2021	2022	2023	2024
Intangible assets total
Machinery and equipment	0.18	0.40	0.26	0.77	0.76
Tangible assets total	0.18	0.40	0.26	0.77	0.76
Participating interests	13.30	73.17	73.41	105.32	122.11
Investments total	13.84	73.69	73.94	105.81	122.56
Non-curr. owed by group member comp.	157.35	129.43	122.60	148.34	148.89
Non-curr. owed by particip. interest comp.					15.50
Non-current loans receivable					0.51
Non-current other receivables					8.51
Long term receivables total	157.35	129.43	122.60	148.34	173.40
Semifinished products	1.49	5.25	0.89	4.61	10.10
Inventories total	1.49	5.25	0.89	4.61	10.10
Current trade debtors	72.99	99.73	91.62	69.58	68.38
Current amounts owed by group member comp.	56.89	8.93	0.10	0.91
Current owed by particip. interest comp.			0.19	1.37	7.54
Prepayments and accrued income	1.39	0.76	0.72	0.80	1.29
Current other receivables	59.62	48.20	78.80	60.42	32.21
Current deferred tax assets					8.56
Short term receivables total	190.89	157.62	171.43	133.07	117.98
Cash and bank deposits	2.30	2.60	0.29	5.88	2.16
Cash and cash equivalents	2.30	2.60	0.29	5.88	2.16
Balance sheet total (assets)	366.05	368.99	369.40	398.50	426.96

	2020	2021	2022	2023	2024
Share capital	0.50	0.50	0.50	0.50	0.50
Shares repurchased			15.00
Other reserves			-5.00		52.10
Retained earnings	78.48	73.61	85.21	104.32	71.62
Profit of the financial year	-1.49	32.61	20.01	11.56	-26.84
Minority interest (BS)	-1.46	1.81	0.84	0.10	-2.14
Shareholders equity total	76.03	108.53	116.56	116.47	95.24
Provisions	10.88	12.39	17.12	9.58	32.44
Non-current loans from credit institutions				29.05	38.66
Non-current deferred tax liabilities	0.46
Non-current liabilities total	0.46			29.05	38.66
Current loans from credit institutions	71.52	54.47	69.23	109.29	132.00
Current trade creditors	91.29	94.38	104.58	104.82	42.48
Current owed to group member	100.97	83.96	51.53	7.50	77.47
Short-term deferred tax liabilities	8.02	4.49	2.17	11.82
Other non-interest bearing current liabilities	6.87	7.19	8.21	9.85	8.64
Accruals and deferred income		3.58		0.11	0.04
Current liabilities total	278.67	248.07	235.73	243.39	260.63
Balance sheet total (liabilities)	366.05	368.99	369.40	398.50	426.96

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