HALBERG A/S — Credit Rating and Financial Key Figures

CVR number: 34076510

Porthusvej 100, 5700 Svendborg

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	696.43	805.06	0.26	642.48	870.54
Other operating income		7.72	0.00	3.13	8.19
Purchases during the financial year		- 369.61	-0.11	- 385.78	- 529.93
Costs of manufacturing	- 476.16
External services	- 100.72	- 146.85	-0.03	-62.08	- 105.06
Gross profit	233.29	296.32	0.12	197.75	243.74
Costs of management	-64.72
Employee benefit expenses		- 183.46	-0.09	- 161.53	- 178.16
Other operating expenses	-3.31	-0.31		-12.09	-4.14
Total depreciation		-63.19	-0.01	-23.16	-29.95
Reduction in value of non-current assets				-41.20
EBIT	64.55	49.37	0.02	-40.23	31.48
Other financial income	15.97	17.89	0.00	14.15	10.73
Other financial expenses	-16.14	-7.63	-0.01	-19.92	-13.12
Income from other inv. held as non-curr. assets	-0.26	1.22	-0.00	-2.46	1.09
Net income from associates (fin.)	1.97	0.78		-0.02
Pre-tax profit	66.09	61.64	0.04	-46.49	30.18
Income taxes	-14.44	-8.46	-0.00	-0.99	-8.85
Profit/loss from discontinued operations				- 107.27	-44.52
Net earnings	51.65	53.18	0.04	- 154.76	-23.19

	2020	2021	2022	2023	2024
Development expenditure	0.25			5.69	3.47
Intangible rights	147.82	123.78	0.10	93.76	85.29
Goodwill	1.13	23.68	0.02	28.04	26.56
Intangible assets total	149.20	147.45	0.13	127.49	115.32
Land and waters	396.12	477.08	0.48	300.76	318.04
Buildings	122.92	110.26	0.13	186.53	188.56
Machinery and equipment	13.77	15.15	0.02	16.84	10.23
Advance payments and construction in progress	9.33	32.99	0.05	10.03	5.11
Tangible assets total	542.14	635.49	0.69	514.16	521.93
Participating interests	30.27			0.58
Other non-current investments	-0.00
Investments total	30.27			- 649.17	0.59
Non-curr. owed by particip. interest comp.	15.35
Non-current loans receivable	11.35	9.91	0.01	6.34	7.67
Non-current other receivables	8.44	2.63	0.01	11.14	4.64
Long term receivables total	35.14	12.53	0.01	17.48	12.31
Semifinished products	18.28	28.87	0.04
Raw materials and consumables	89.73	80.52	0.09	21.84	29.21
Finished products/goods	204.54	268.69	0.27	89.34	107.20
Advance payments				3.80	5.16
Inventories total	312.55	378.07	0.40	114.98	141.57
Current trade debtors	144.92	134.24	0.16	91.65	90.37
Prepayments and accrued income	2.19	8.53	0.01	4.50	4.17
Current other receivables	19.81	11.20	0.01	655.98	1.64
Short term receivables total	166.91	153.97	0.17	752.12	96.18
Other current investments	56.60	14.71	0.07	79.73	125.83
Cash and bank deposits	51.31	133.49	0.10	74.66	119.48
Cash and cash equivalents	107.91	148.20	0.17	154.40	245.31
Non-current assets for sale				650.28
Balance sheet total (assets)	1 344.12	1 475.71	1.57	1 681.74	1 133.22

	2020	2021	2022	2023	2024
Share capital	12.00	12.00	0.01	12.00	12.00
Asset revaluation reserve	9.49	9.16
Shares repurchased	11.50	11.50	0.02		20.00
Other reserves	0.20	3.53	-0.00	6.72	0.06
Retained earnings	927.84	974.90	1.02	1 047.29	878.91
Profit of the financial year	51.65	53.18	0.04	- 154.76	-23.19
Minority interest (BS)	0.86	4.84	0.00	4.48
Shareholders equity total	1 013.54	1 069.11	1.09	915.73	887.78
Provisions	57.55	56.03	0.06	52.69	57.26
Non-current loans from credit institutions	55.55	52.33	0.05	330.80	18.82
Non-current owed to group member	18.66	18.66
Non-current other liabilities	9.42	9.67	0.01		6.55
Non-current deferred tax liabilities				4.76	4.88
Non-current liabilities total	83.63	80.66	0.06	335.56	30.24
Current loans from credit institutions	14.52	60.59	0.14	88.86	1.10
Current trade creditors	78.28	98.92	0.08	49.65	59.58
Current owed to participating	13.52
Current owed to group member		11.50	0.08	37.57	31.39
Short-term deferred tax liabilities	2.73	9.25	0.01	3.53	8.02
Other non-interest bearing current liabilities	80.35	89.65	0.05	60.90	57.85
Accruals and deferred income			0.00	4.31
Liabilities of non-current assets for sale				132.96
Current liabilities total	189.41	269.91	0.36	377.77	157.94
Balance sheet total (liabilities)	1 344.12	1 475.71	1.57	1 681.74	1 133.22

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