SPORT 24 A/S — Credit Rating and Financial Key Figures

CVR number: 13824606
Skærskovgårdsvej 7, 8600 Silkeborg
jld@sport24.dk
tel: 30213000
www.SPORT24.dk

Credit rating

Company information

Official name
SPORT 24 A/S
Personnel
1135 persons
Established
1990
Company form
Limited company
Industry

About SPORT 24 A/S

SPORT 24 A/S (CVR number: 13824606) is a company from SILKEBORG. The company reported a net sales of 1278.6 mDKK in 2023, demonstrating a decline of -3.8 % compared to the previous year. The operating profit percentage was at 3.4 % (EBIT: 43.7 mDKK), while net earnings were 34.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.2 %, which can be considered good but Return on Equity (ROE) was 16.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.6 %, 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. SPORT 24 A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 003.351 021.911 278.181 328.581 278.61
Gross profit247.77258.53317.75304.09305.30
EBIT34.3055.2283.8345.4543.71
Net earnings22.9245.9669.1938.6834.15
Shareholders equity total186.38195.34220.04208.72212.87
Balance sheet total (assets)409.68469.63571.39574.56562.20
Net debt-11.85-74.61-20.79103.9013.84
Profitability
EBIT-%3.4 %5.4 %6.6 %3.4 %3.4 %
ROA8.3 %13.7 %17.4 %9.3 %9.2 %
ROE13.1 %24.1 %33.3 %18.0 %16.2 %
ROI15.1 %25.9 %32.9 %15.5 %14.3 %
Economic value added (EVA)14.5531.4052.1819.8014.39
Solvency
Equity ratio46.8 %45.3 %39.3 %37.1 %38.6 %
Gearing11.5 %21.8 %16.9 %57.5 %34.3 %
Relative net indebtedness %18.1 %14.4 %22.2 %25.1 %20.9 %
Liquidity
Quick ratio0.40.60.60.20.4
Current ratio1.31.41.31.31.3
Cash and cash equivalents33.31117.1758.0516.2059.17
Capital use efficiency
Trade debtors turnover (days)6.54.68.14.54.9
Net working capital %6.9 %9.4 %8.4 %6.8 %6.7 %
Credit risk
Credit ratingAAAAAAAAAAAAAA

Variable visualization

ROA:9.23%
Rating: 55/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.6%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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