FRITZ SCHUR TECHNICAL GROUP A/S — Credit Rating and Financial Key Figures

CVR number: 18860988

Esplanaden 40, 1263 København K

fll@schur-group.com

tel: 33960096

Income statement (mDKK)

	2016	2017	2018
Fiscal period length	12	12	12
Net sales	566.68	526.09	507.72
Other operating income	3.61	0.12	0.01
Purchases during the financial year	- 367.83	- 351.18	- 334.06
External services	-72.51	-56.44	-51.90
Gross profit	129.96	118.59	121.76
Employee benefit expenses	- 117.13	- 112.31	- 115.88
Total depreciation	-1.79	-2.20	-2.52
EBIT	11.04	4.08	3.36
Other financial income	0.05	0.11	0.11
Other financial expenses	-1.17	-1.92	-1.24
Pre-tax profit	9.92	2.27	2.23
Income taxes	-3.44	-0.53	-0.30
Net earnings	6.48	1.74	1.93

	2016	2017	2018
Intangible rights		0.24	0.17
Goodwill	10.78	12.36	10.97
Intangible assets total	10.78	12.60	11.14
Buildings	1.79	3.07	2.25
Machinery and equipment	0.31	0.57	0.50
Advance payments and construction in progress	1.66	0.16	0.14
Tangible assets total	3.75	3.80	2.90
Investments total	1.14	1.14	1.15
Long term receivables total
Raw materials and consumables	18.91	24.98	36.28
Finished products/goods	55.15	60.95	58.11
Advance payments	1.67	2.06	1.86
Inventories total	75.73	87.99	96.25
Current trade debtors	70.77	58.60	78.26
Prepayments and accrued income	1.44	0.85	1.54
Current other receivables	0.53	0.46	0.87
Current deferred tax assets	1.68
Short term receivables total	74.41	59.91	80.68
Cash and bank deposits	43.20	32.74	37.34
Cash and cash equivalents	43.20	32.74	37.34
Balance sheet total (assets)	209.02	198.19	229.45

	2016	2017	2018
Share capital	1.00	1.00	1.00
Retained earnings	45.48	72.23	73.82
Profit of the financial year	6.48	1.74	1.93
Shareholders equity total	52.96	74.97	76.75
Provisions	7.07	9.78	7.58
Non-current leasing loans		0.33	0.26
Non-current liabilities total		0.33	0.26
Current loans from credit institutions		0.07	0.07
Advances received	0.21	0.29
Current trade creditors	65.57	27.22	55.95
Current owed to group member	59.18	62.12	69.16
Short-term deferred tax liabilities	2.09	1.42	0.27
Other non-interest bearing current liabilities	21.95	21.98	19.41
Current liabilities total	148.99	113.11	144.87
Balance sheet total (liabilities)	209.02	198.19	229.45

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