DESMI A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About DESMI A/S
DESMI A/S (CVR number: 34086796K) is a company from AALBORG. The company reported a net sales of 1703.7 mDKK in 2024, demonstrating a decline of -12.8 % compared to the previous year. The operating profit percentage was at 10.4 % (EBIT: 176.4 mDKK), while net earnings were 128.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 14.5 %, which can be considered good but Return on Equity (ROE) was 16.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71.1 %, 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. DESMI A/S's liquidity measured by quick ratio was 1.9 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 | 1 295.53 | 1 275.23 | 1 879.53 | 1 953.72 | 1 703.73 |
Gross profit | 563.79 | 520.70 | 714.95 | 639.42 | 597.85 |
EBIT | 160.56 | 113.28 | 217.17 | 243.38 | 176.41 |
Net earnings | 124.53 | 95.55 | 152.38 | 167.09 | 128.29 |
Shareholders equity total | 518.55 | 586.53 | 574.93 | 727.74 | 801.59 |
Balance sheet total (assets) | 1 011.82 | 1 114.96 | 1 252.49 | 1 346.80 | 1 234.06 |
Net debt | - 183.32 | - 193.06 | |||
Profitability | |||||
EBIT-% | 12.4 % | 8.9 % | 11.6 % | 12.5 % | 10.4 % |
ROA | 15.6 % | 10.7 % | 18.3 % | 19.4 % | 14.5 % |
ROE | 23.8 % | 17.3 % | 26.2 % | 25.7 % | 16.8 % |
ROI | 15.6 % | 10.7 % | 18.3 % | 23.2 % | 21.3 % |
Economic value added (EVA) | 133.97 | 87.22 | 187.70 | 155.99 | 83.88 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 58.6 % | 71.1 % |
Gearing | 25.3 % | 2.8 % | |||
Relative net indebtedness % | 12.3 % | 12.1 % | |||
Liquidity | |||||
Quick ratio | 1.5 | 1.9 | |||
Current ratio | 2.0 | 2.5 | |||
Cash and cash equivalents | 367.72 | 215.49 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 54.7 | 64.7 | |||
Net working capital % | 31.3 % | 38.0 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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