SH GROUP A/S — Credit Rating and Financial Key Figures

CVR number: 12762704

Kuopiovej 20, 5700 Svendborg

finance@shgroup.dk

tel: 62217810

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	430.72	450.85	595.38	657.64	694.71
Manufacturing for enterprise's own use				-1.92	-0.69
Other operating income				3.37	0.20
Purchases during the financial year				- 289.60	- 293.12
External services				-55.03	-58.32
Gross profit	215.93	206.51	253.95	318.30	344.15
Employee benefit expenses				- 253.40	- 272.37
Other operating expenses				-0.43
Total depreciation				-26.95	-27.62
EBIT	8.18	-4.36	17.55	37.52	44.16
Other financial income				0.23	0.55
Other financial expenses				-10.44	-5.62
Pre-tax profit	2.51	-6.94	7.29	27.30	39.09
Income taxes				-8.57	-11.25
Net earnings	2.51	-6.94	7.29	18.74	27.84

	2020	2021	2022	2023	2024
Development expenditure				17.22	12.65
Intangible rights				1.10	1.99
Goodwill				111.23	98.85
Intangible assets total				129.55	113.49
Land and waters				31.69	31.97
Buildings				12.12	15.94
Machinery and equipment				0.83	1.70
Advance payments and construction in progress					0.55
Tangible assets total				44.64	50.16
Investments total	387.27	376.07	460.40	0.85	0.68
Long term receivables total
Semifinished products				1.39	1.35
Raw materials and consumables				3.44	3.58
Finished products/goods				19.20	15.11
Inventories total				24.03	20.04
Current trade debtors				125.34	200.72
Current amounts owed by group member comp.					0.02
Prepayments and accrued income				2.34	1.53
Current other receivables				93.13	110.74
Current deferred tax assets				0.46	0.20
Short term receivables total				221.27	313.22
Cash and bank deposits				3.85	2.79
Cash and cash equivalents				3.85	2.79
Balance sheet total (assets)	387.27	376.07	460.40	424.19	500.38

	2020	2021	2022	2023	2024
Share capital	184.93	177.95	185.47	1.00	1.00
Shares repurchased					54.00
Other reserves				-0.38	-0.38
Retained earnings	-2.51	6.94	-7.29	184.69	149.41
Profit of the financial year	2.51	-6.94	7.29	18.74	27.84
Shareholders equity total	184.93	177.95	185.47	204.04	231.87
Provisions				30.00	31.22
Non-current loans from credit institutions				7.78	6.93
Non-current leasing loans				5.69	9.01
Non-current deferred tax liabilities				19.02	19.05
Non-current liabilities total				32.48	34.98
Current loans from credit institutions				50.22	4.93
Current trade creditors				53.50	95.45
Short-term deferred tax liabilities					9.93
Other non-interest bearing current liabilities				35.65	36.55
Accruals and deferred income				18.31	55.43
Current liabilities total				157.67	202.30
Balance sheet total (liabilities)	184.93	177.95	185.47	424.19	500.38

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