ETK EMS GROUP ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ETK EMS GROUP ApS
ETK EMS GROUP ApS (CVR number: 27523188K) is a company from SKANDERBORG. The company reported a net sales of 332.3 mEUR in 2024, demonstrating a decline of -18 % compared to the previous year. The operating profit percentage was at 4.7 % (EBIT: 15.7 mEUR), while net earnings were 3993.4 kEUR. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent and Return on Equity (ROE) was 5.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 29 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. ETK EMS GROUP ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 49.04 | 61.84 | 405.32 | 332.27 | |
| Gross profit | 12.32 | 14.60 | 15.88 | 104.29 | 109.23 |
| EBIT | 5.02 | 4.33 | 3.03 | 4.66 | 15.73 |
| Net earnings | 3.59 | 2.74 | 4.49 | 10.24 | 3.99 |
| Shareholders equity total | 16.08 | 14.52 | 16.18 | 80.94 | 65.35 |
| Balance sheet total (assets) | 26.58 | 41.20 | 54.26 | 316.84 | 276.25 |
| Net debt | -0.43 | 11.21 | 7.97 | 54.06 | 50.78 |
| Profitability | |||||
| EBIT-% | 8.8 % | 4.9 % | 1.1 % | 4.7 % | |
| ROA | 18.9 % | 12.8 % | 13.8 % | 11.5 % | 7.3 % |
| ROE | 22.3 % | 17.9 % | 29.2 % | 21.1 % | 5.5 % |
| ROI | 25.5 % | 18.7 % | 22.9 % | 21.6 % | 13.8 % |
| Economic value added (EVA) | 3.86 | 2.23 | 1.25 | 2.96 | 2.75 |
| Solvency | |||||
| Equity ratio | 60.5 % | 35.3 % | 36.0 % | 32.2 % | 29.0 % |
| Gearing | 20.5 % | 80.8 % | 88.3 % | 95.1 % | 111.4 % |
| Relative net indebtedness % | 53.4 % | 51.4 % | 52.5 % | 56.8 % | |
| Liquidity | |||||
| Quick ratio | 1.4 | 0.5 | 0.7 | 0.7 | 0.6 |
| Current ratio | 2.3 | 1.4 | 1.3 | 1.2 | 1.1 |
| Cash and cash equivalents | 3.73 | 0.52 | 6.31 | 22.95 | 22.03 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 89.4 | 60.4 | 59.6 | 63.8 | |
| Net working capital % | 21.3 % | 20.5 % | 10.9 % | 9.1 % | |
| Credit risk | |||||
| Credit rating | A | AA | A | A | A |
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