JENSEN DENMARK A/S — Credit Rating and Financial Key Figures

CVR number: 35497714

Industrivej 2, Rønne 3700 Rønne

info-dk@jensen-group.com

tel: 56943100

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	521.14	473.61	708.83	900.75	910.08
Other operating income			8.04	12.08	12.66
Costs of manufacturing	- 409.76	- 350.05	- 592.49	- 729.04	- 720.41
Gross profit	111.38	123.56	116.34	171.71	189.67
Costs of management	-15.25	-18.82	-22.08	-31.75	-33.05
Costs of distribution	-31.21	-31.47	-31.88	-37.39	-30.45
EBIT	64.92	80.38	70.42	114.65	138.84
Other financial income		0.47	0.40	1.62	3.01
Other financial expenses	-2.11	-1.76	-8.20	-4.81	-4.57
Net income from associates (fin.)					-3.07
Pre-tax profit	63.11	79.09	62.62	111.46	134.21
Income taxes	-14.22	-20.91	-13.75	-23.40	-30.68
Net earnings	48.89	58.18	48.87	88.06	103.53

	2020	2021	2022	2023	2024
Goodwill			2.54	2.04	0.25
Intangible assets total			2.54	2.04	0.25
Land and waters	47.66	44.51	45.06	64.83	62.01
Buildings	13.04	10.94	12.22	11.16	11.21
Machinery and equipment	0.78	0.43	1.39	5.78	17.50
Tangible assets total	61.48	55.88	58.67	81.76	90.73
Holdings in group member companies				51.89	19.06
Participating interests					4.57
Investments total				51.89	23.63
Non-curr. owed by group member comp.	17.39	13.16	8.50	4.83	1.01
Non-current other receivables	0.72	0.72	0.50	0.22	0.12
Long term receivables total	18.11	13.88	9.00	5.05	1.14
Semifinished products	4.24	3.72	4.09	6.97	6.92
Raw materials and consumables	44.75	63.52	82.57	93.01	104.48
Finished products/goods	1.82	0.48	0.31	1.99	2.44
Inventories total	50.82	67.71	86.97	101.97	113.85
Current trade debtors	24.20	10.45	11.48	22.88	28.72
Current amounts owed by group member comp.	91.03	109.62	93.00	79.18	149.76
Prepayments and accrued income	0.92	0.82	0.52	0.89	2.71
Current other receivables	30.87	59.98	103.34	138.20	120.42
Current deferred tax assets	1.54	4.14
Short term receivables total	148.56	185.00	208.33	241.15	301.62
Other current investments	45.34	42.71	34.86	34.35	33.00
Cash and bank deposits	4.32	7.03	2.29	4.91	4.16
Cash and cash equivalents	49.66	49.74	37.15	39.25	37.17
Balance sheet total (assets)	328.63	372.21	402.66	523.12	568.38

	2020	2021	2022	2023	2024
Share capital	10.00	10.00	10.00	10.00	10.00
Shares repurchased	40.00	50.00	40.00		37.50
Other reserves	-0.58	0.07	2.43	1.88	1.13
Retained earnings	80.98	79.87	98.05	146.64	197.48
Profit of the financial year	48.89	58.18	48.87	88.06	103.53
Shareholders equity total	179.29	198.12	199.34	246.57	349.64
Provisions	11.38	15.37	17.29	20.41	22.01
Non-current loans from credit institutions	47.30	44.71	61.98	60.74	69.50
Non-current leasing loans	0.04		0.10	1.68	10.13
Non-current other liabilities	19.11	19.29		0.72	0.72
Non-current liabilities total	66.45	63.99	62.08	63.14	80.35
Current loans from credit institutions	2.61	2.65	2.56	3.26	6.53
Advances received		35.80	0.35		5.04
Current trade creditors	17.69	32.15	49.22	45.36	48.70
Current owed to group member	9.21	4.28	41.56	79.24	13.64
Short-term deferred tax liabilities	7.13		4.64	25.88	6.99
Other non-interest bearing current liabilities	32.51	18.01	24.04	37.94	34.39
Accruals and deferred income	2.37	1.84	1.57	1.30	1.08
Current liabilities total	71.52	94.73	123.95	192.99	116.37
Balance sheet total (liabilities)	328.63	372.21	402.66	523.12	568.38

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