Ørsted Horns Rev 2 A/S — Credit Rating and Financial Key Figures

CVR number: 31849322
Kraftværksvej 53, Skærbæk 7000 Fredericia

Company information

Official name
Ørsted Horns Rev 2 A/S
Established
2008
Domicile
Skærbæk
Company form
Limited company
Industry

About Ørsted Horns Rev 2 A/S

Ørsted Horns Rev 2 A/S (CVR number: 31849322) is a company from FREDERICIA. The company reported a net sales of 376.4 mDKK in 2024, demonstrating a decline of -25.6 % compared to the previous year. The operating profit percentage was at 27.6 % (EBIT: 103.7 mDKK), while net earnings were 89.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.2 %, which can be considered good and Return on Equity (ROE) was 14.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 26.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Ørsted Horns Rev 2 A/S's liquidity measured by quick ratio was 13.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales404.57481.271 207.62505.78376.37
Gross profit258.44317.531 033.90349.35191.48
EBIT65.71194.10828.40247.20103.71
Net earnings37.91137.78625.84189.5989.34
Shareholders equity total357.46495.25871.09560.67650.01
Balance sheet total (assets)897.751 063.532 066.241 570.201 584.73
Net debt19.2215.6223.9837.4149.72
Profitability
EBIT-%16.2 %40.3 %68.6 %48.9 %27.6 %
ROA7.5 %19.8 %53.2 %16.4 %9.2 %
ROE11.2 %32.3 %91.6 %26.5 %14.8 %
ROI8.0 %21.1 %59.0 %18.0 %9.7 %
Economic value added (EVA)11.26108.84596.33100.706.46
Solvency
Equity ratio39.8 %46.6 %29.0 %22.9 %26.9 %
Gearing5.4 %3.2 %2.8 %6.7 %7.6 %
Relative net indebtedness %17.7 %18.2 %99.0 %199.6 %248.4 %
Liquidity
Quick ratio7.49.46.210.113.5
Current ratio7.49.46.210.113.5
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)3.94.83.119.813.1
Net working capital %113.6 %152.6 %111.4 %228.4 %340.1 %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:9.25%
Rating: 55/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:26.9%
Rating: 24/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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