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PNO HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About PNO HOLDING A/S
PNO HOLDING A/S (CVR number: 26101409K) is a company from KØBENHAVN. The company reported a net sales of 835.3 mDKK in 2025, demonstrating a decline of -8.4 % compared to the previous year. The operating profit percentage was at 17.8 % (EBIT: 148.7 mDKK), while net earnings were 69 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.5 %, which can be considered decent but Return on Equity (ROE) was 14.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 23.8 %, 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. PNO HOLDING A/S'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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 687.38 | 807.71 | 918.43 | 912.05 | 835.29 |
| Gross profit | 492.72 | 582.09 | 652.52 | 661.45 | 574.72 |
| EBIT | 113.50 | 131.21 | 116.61 | 242.13 | 148.68 |
| Net earnings | 73.64 | 78.26 | 25.19 | 118.83 | 69.04 |
| Shareholders equity total | 370.13 | 403.75 | 388.66 | 472.33 | 535.19 |
| Balance sheet total (assets) | 1 971.03 | 2 355.53 | 2 608.89 | 2 364.89 | 2 249.28 |
| Net debt | 354.34 | 385.15 | 449.29 | 420.73 | 239.73 |
| Profitability | |||||
| EBIT-% | 16.5 % | 16.2 % | 12.7 % | 26.5 % | 17.8 % |
| ROA | 6.1 % | 6.4 % | 4.7 % | 9.8 % | 6.5 % |
| ROE | 19.8 % | 20.5 % | 6.5 % | 28.3 % | 14.1 % |
| ROI | 6.3 % | 6.7 % | 5.0 % | 10.4 % | 6.8 % |
| Economic value added (EVA) | 1.30 | 1.24 | -29.51 | 57.16 | 13.12 |
| Solvency | |||||
| Equity ratio | 18.8 % | 17.1 % | 14.9 % | 20.0 % | 23.8 % |
| Gearing | 115.5 % | 122.6 % | 128.6 % | 106.2 % | 64.3 % |
| Relative net indebtedness % | 206.0 % | 213.5 % | 224.9 % | 183.7 % | 174.8 % |
| Liquidity | |||||
| Quick ratio | 0.5 | 0.5 | 0.4 | 0.4 | 0.6 |
| Current ratio | 0.5 | 0.5 | 0.4 | 0.4 | 0.6 |
| Cash and cash equivalents | 73.15 | 110.03 | 50.34 | 80.90 | 104.22 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 58.2 | 61.3 | 66.3 | 58.7 | 63.4 |
| Net working capital % | -39.3 % | -42.3 % | -44.4 % | -39.0 % | -19.3 % |
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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