MUNCH SØRENSEN HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 29615217

Bohrsvej 7, 8600 Silkeborg

ses@clarita.dk

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	136.75	268.37	307.84	343.05	429.07
Other operating income			3.82	7.10	4.91
Purchases during the financial year	-69.37	- 119.30	- 142.44	- 154.11	- 199.60
External services	-0.91	-16.03	-16.93	-21.07	-25.79
Gross profit	66.47	133.04	152.29	174.97	208.60
Employee benefit expenses	-50.67	- 107.06	- 115.73	- 132.65	- 156.70
Other operating expenses				-1.39
Total depreciation	-7.83	-13.90	-18.16	-23.09	-25.87
EBIT	7.97	12.08	18.40	17.85	26.02
Other financial income	0.40	0.71	1.29	0.14	0.12
Other financial expenses	-0.55	-0.97	-2.47	-5.55	-5.26
Net income from associates (fin.)	6.53	-0.84	2.27	2.62
Pre-tax profit	14.35	10.96	19.49	15.05	20.89
Income taxes	-2.20	-2.73	-4.41	-3.58	-4.98
Net earnings	12.15	8.23	15.08	11.46	15.90

	2020	2021	2022	2023	2024
Goodwill	4.50	3.50	2.95	1.50	0.50
Intangible assets total	4.50	3.50	2.95	1.50	0.50
Land and waters	2.25	22.03	54.32	52.39	60.48
Machinery and equipment	50.12	47.73	59.42	79.87	93.45
Tangible assets total	52.37	69.77	113.74	132.26	153.93
Participating interests	7.43	4.58	2.35
Investments total	7.43	4.58	2.35
Non-current other receivables	5.01	5.04	4.71
Long term receivables total	5.01	5.04	4.71
Finished products/goods	1.02	0.55	0.70	0.64	1.61
Inventories total	1.02	0.55	0.70	0.64	1.61
Current trade debtors	50.63	57.52	65.18	88.10	70.82
Current owed by particip. interest comp.		0.07
Prepayments and accrued income			1.01	1.18	0.99
Current other receivables	2.94	3.82	9.42	9.12	4.73
Current deferred tax assets				0.20
Short term receivables total	53.57	61.41	75.61	98.60	76.54
Other current investments	0.19	0.23	0.44	0.18	0.23
Cash and bank deposits	3.30	1.49	0.65	0.08	3.65
Cash and cash equivalents	3.48	1.71	1.09	0.26	3.88
Balance sheet total (assets)	127.38	146.56	201.15	233.27	236.46

	2020	2021	2022	2023	2024
Share capital	0.13	0.13	0.13	0.13	0.13
Shares repurchased	0.30		0.06	0.06	3.00
Retained earnings	35.91	47.65	50.82	65.83	74.30
Profit of the financial year	12.15	8.23	15.08	11.46	15.90
Shareholders equity total	48.48	56.00	66.08	77.48	93.33
Provisions	3.21	2.91	3.93	4.72	4.85
Non-current loans from credit institutions	1.00	9.17	23.46	24.37	23.07
Non-current leasing loans	19.16	16.73	23.24	37.94	43.44
Non-current other liabilities		0.47		0.01	0.01
Non-current liabilities total	20.16	26.37	46.70	62.32	66.52
Current loans from credit institutions	12.61	17.23	36.32	30.20	22.85
Current trade creditors	16.17	25.53	31.60	33.89	29.32
Current owed to participating	3.02
Short-term deferred tax liabilities	0.23	0.56	1.04		2.41
Other non-interest bearing current liabilities	23.48	17.96	15.47	24.65	17.18
Current liabilities total	55.52	61.28	84.44	88.74	71.76
Balance sheet total (liabilities)	127.38	146.56	201.15	233.27	236.46

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