ELCON A/S — Credit Rating and Financial Key Figures

CVR number: 10074185
Edwin Rahrs Vej 73, 8220 Brabrand
elcon@elcon.dk
tel: 72667000
www.elcon.dk

Credit rating

Company information

Official name
ELCON A/S
Personnel
1160 persons
Established
1986
Company form
Limited company
Industry

About ELCON A/S

ELCON A/S (CVR number: 10074185) is a company from AARHUS. The company reported a net sales of 1119.3 mDKK in 2024, demonstrating a growth of 2.9 % compared to the previous year. The operating profit percentage was poor at -4.3 % (EBIT: -48.5 mDKK), while net earnings were -41.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -9.2 %, which can be considered poor and Return on Equity (ROE) was -24.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31.2 %, 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. ELCON A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales785.031 058.381 086.621 087.361 119.34
Gross profit415.54561.92505.85578.72575.55
EBIT-9.5212.76- 104.198.12-48.49
Net earnings-7.9410.71-84.433.19-41.43
Shareholders equity total116.32149.49115.06168.25166.82
Balance sheet total (assets)335.40496.75461.76513.72534.97
Net debt0.410.9357.1388.9692.75
Profitability
EBIT-%-1.2 %1.2 %-9.6 %0.7 %-4.3 %
ROA-2.8 %3.7 %-21.6 %1.8 %-9.2 %
ROE-7.7 %8.1 %-63.8 %2.3 %-24.7 %
ROI-5.6 %8.3 %-48.1 %3.7 %-18.3 %
Economic value added (EVA)-12.544.26-90.310.34-46.47
Solvency
Equity ratio34.7 %30.2 %25.0 %32.8 %31.2 %
Gearing1.0 %0.8 %49.7 %53.0 %55.6 %
Relative net indebtedness %27.3 %32.3 %31.5 %31.4 %32.4 %
Liquidity
Quick ratio1.31.11.11.11.1
Current ratio1.41.11.11.21.2
Cash and cash equivalents0.760.230.080.15
Capital use efficiency
Trade debtors turnover (days)71.474.771.680.580.6
Net working capital %8.6 %3.9 %2.6 %4.7 %4.2 %
Credit risk
Credit ratingAABBBABBB

Variable visualization

ROA:-9.18%
Rating: 11/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:31.2%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board

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