Formula Holding 2017 A/S — Credit Rating and Financial Key Figures

CVR number: 38326791

Lundtoftegårdsvej 10, 2800 Kongens Lyngby

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	982.51	1 565.66	2 175.31	2 217.84	2 196.08
Other operating income				3.20	3.29
Purchases during the financial year				-1 970.24	-1 940.49
External services				- 116.72	- 122.52
Gross profit	982.51	1 565.66	2 175.31	134.08	136.35
Employee benefit expenses				- 101.88	-99.16
Other operating expenses					-0.77
Total depreciation				-17.70	-18.31
EBIT	38.99	33.92	58.10	14.50	18.11
Other financial income				84.58	78.15
Other financial expenses				-73.64	-65.52
Pre-tax profit	38.00	43.64	62.17	25.44	30.74
Income taxes				-3.02	-11.14
Net earnings	38.00	43.64	62.17	22.41	19.61

	2020	2021	2022	2023	2024
Intangible rights				2.12	2.79
Goodwill				54.45	45.86
Intangible assets total				56.57	48.65
Land and waters				13.11	13.11
Buildings				5.67	11.30
Machinery and equipment				30.15	17.15
Tangible assets total				48.93	41.56
Investments total	1 334.52	1 805.28	2 048.27	6.44	6.21
Long term receivables total
Finished products/goods				405.38	439.55
Inventories total				405.38	439.55
Current trade debtors				1 353.36	1 309.04
Current amounts owed by group member comp.				28.12	37.13
Current owed by particip. interest comp.				0.19
Prepayments and accrued income				19.17	23.55
Current other receivables				102.90	145.56
Current deferred tax assets				6.19	3.04
Short term receivables total				1 509.93	1 518.32
Other current investments				0.01	0.01
Cash and bank deposits				20.25	35.43
Cash and cash equivalents				20.25	35.44
Balance sheet total (assets)	1 334.52	1 805.28	2 048.27	2 047.50	2 089.72

	2020	2021	2022	2023	2024
Share capital	182.51	245.80	280.90	0.60	0.60
Other reserves					-1.15
Retained earnings	-38.00	-43.64	-62.17	224.05	237.77
Profit of the financial year	38.00	43.64	62.17	22.41	19.61
Minority interest (BS)				33.20	37.68
Shareholders equity total	182.51	245.80	280.90	280.26	294.51
Provisions				0.07	0.07
Capital loans				114.61	99.53
Non-current loans from credit institutions				35.80	48.08
Non-current leasing loans				2.65	2.07
Non-current deferred tax liabilities				9.92	30.37
Non-current liabilities total				162.98	180.04
Current loans from credit institutions				962.15	900.08
Advances received				450.47	549.72
Current trade creditors				70.59	65.92
Current owed to participating				4.67	0.00
Current owed to group member				30.53	5.52
Short-term deferred tax liabilities				12.16	7.27
Other non-interest bearing current liabilities				64.70	80.17
Accruals and deferred income				8.92	6.43
Current liabilities total				1 604.19	1 615.10
Balance sheet total (liabilities)	182.51	245.80	280.90	2 047.50	2 089.72

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