BJØRN THORSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BJØRN THORSEN A/S
BJØRN THORSEN A/S (CVR number: 89810418) is a company from GENTOFTE. The company reported a net sales of 375.4 mDKK in 2024, demonstrating a decline of -23 % compared to the previous year. The operating profit percentage was at 1.9 % (EBIT: 7.1 mDKK), while net earnings were 18.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good and Return on Equity (ROE) was 11.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 64 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. BJØRN THORSEN A/S's liquidity measured by quick ratio was 1.7 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 408.16 | 563.69 | 527.52 | 487.33 | 375.38 |
| Gross profit | 34.79 | 56.62 | 48.24 | 42.32 | 43.02 |
| EBIT | 13.03 | 21.50 | 16.23 | 11.48 | 7.10 |
| Net earnings | 13.47 | 20.54 | 14.11 | 10.96 | 18.22 |
| Shareholders equity total | 110.57 | 130.12 | 144.26 | 155.19 | 173.41 |
| Balance sheet total (assets) | 234.92 | 291.25 | 285.49 | 275.55 | 270.95 |
| Net debt | 43.44 | 77.73 | 66.97 | 61.12 | 64.36 |
| Profitability | |||||
| EBIT-% | 3.2 % | 3.8 % | 3.1 % | 2.4 % | 1.9 % |
| ROA | 7.6 % | 10.7 % | 7.1 % | 5.8 % | 8.4 % |
| ROE | 12.9 % | 17.1 % | 10.3 % | 7.3 % | 11.1 % |
| ROI | 10.4 % | 15.1 % | 9.7 % | 7.6 % | 10.2 % |
| Economic value added (EVA) | 1.54 | 8.43 | -0.58 | -1.65 | -5.24 |
| Solvency | |||||
| Equity ratio | 47.1 % | 37.6 % | 50.5 % | 56.3 % | 64.0 % |
| Gearing | 50.1 % | 101.8 % | 46.4 % | 39.4 % | 37.1 % |
| Relative net indebtedness % | 27.5 % | 28.6 % | 26.8 % | 24.7 % | 26.0 % |
| Liquidity | |||||
| Quick ratio | 1.0 | 0.9 | 0.8 | 1.1 | 1.7 |
| Current ratio | 1.7 | 1.4 | 1.7 | 1.8 | 2.1 |
| Cash and cash equivalents | 11.95 | 54.68 | 0.01 | 0.00 | 0.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 80.4 | 75.9 | 66.8 | 63.3 | 53.3 |
| Net working capital % | 18.8 % | 15.2 % | 18.0 % | 21.0 % | 27.3 % |
| Credit risk | |||||
| Credit rating | AA | BBB | AA | AA | AAA |
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