Flair Group A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Flair Group A/S
Flair Group A/S (CVR number: 12932375) is a company from FREDERIKSBERG. The company reported a net sales of 385.2 mDKK in 2023, demonstrating a decline of -4.6 % compared to the previous year. The operating profit percentage was poor at -1.6 % (EBIT: -6 mDKK), while net earnings were -7060 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.7 %, which can be considered poor and Return on Equity (ROE) was -7.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -1.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Flair Group A/S's liquidity measured by quick ratio was 1.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 437.51 | 403.31 | 495.23 | 403.75 | 385.18 |
Gross profit | 402.94 | 369.99 | 467.61 | 372.42 | 361.83 |
EBIT | 402.94 | 369.99 | 467.61 | -11.19 | -5.99 |
Net earnings | -24.19 | -2.66 | -3.75 | -12.38 | -7.06 |
Shareholders equity total | 14.86 | 12.20 | -0.55 | -12.94 | -1.41 |
Balance sheet total (assets) | 107.48 | 112.79 | 116.73 | 88.44 | 94.48 |
Net debt | 4.65 | -12.38 | |||
Profitability | |||||
EBIT-% | 92.1 % | 91.7 % | 94.4 % | -2.8 % | -1.6 % |
ROA | 340.7 % | 335.9 % | 406.5 % | -10.2 % | -5.7 % |
ROE | -89.7 % | -19.7 % | -64.4 % | -28.2 % | -7.7 % |
ROI | 501.3 % | 335.9 % | 406.5 % | -17.0 % | -78.9 % |
Economic value added (EVA) | 402.30 | 369.24 | 467.00 | -11.16 | -4.85 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | -12.8 % | -1.5 % | |
Gearing | -110.5 % | ||||
Relative net indebtedness % | 22.7 % | 21.7 % | |||
Liquidity | |||||
Quick ratio | 1.3 | 1.5 | |||
Current ratio | 1.3 | 1.5 | |||
Cash and cash equivalents | 9.65 | 12.38 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 64.6 | 72.4 | |||
Net working capital % | 4.7 % | 8.3 % | |||
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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