HARTMANN PACKAGING A/S — Credit Rating and Financial Key Figures

CVR number: 63049611

Ørnegårdsvej 18, 2820 Gentofte

bh@hartmann-packaging.com

tel: 45970000

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	2 356.40	2 567.40	2 666.10	3 350.10	3 307.60
Other operating income				8.20	2.90
Costs of manufacturing	-1 653.20	-1 657.40	-1 961.30	-2 535.10	-2 272.60
Gross profit	703.20	910.00	704.80	815.00	1 035.00
Costs of management	- 102.50	- 108.80	- 113.40	- 149.40	- 160.20
Costs of marketing	- 350.50			- 436.30	- 443.90
Other operating expenses		- 377.10	- 476.50	-33.60	- 102.80
EBIT	250.20	424.10	114.90	203.90	331.00
Other financial income	10.50	13.90	36.90	27.20	44.90
Other financial expenses	-45.40	-79.00	-46.30	-98.90	- 123.70
Net income from associates (fin.)				0.20	0.10
Pre-tax profit	215.30	359.00	105.50	223.50	296.70
Income taxes	-48.10	-85.10	-31.00	- 162.20	- 138.00
Profit/loss from discontinued operations			-0.10	-91.10	-44.40
Net earnings	167.20	273.90	74.40	-29.80	114.30

	2019	2020	2021	2022	2023
Intangible rights	29.50	37.20	61.60	60.30	44.70
Goodwill	63.00	90.70	108.40	54.40	10.70
Intangible assets total	92.50	127.90	170.00	114.70	55.40
Buildings	306.10	326.10	398.40	362.10	330.50
Machinery and equipment	647.50	657.70	717.80	897.10	870.90
Advance payments and construction in progress	93.10	188.80	354.20
Other tangible assets	76.00	12.30	21.40	112.70	187.00
Tangible assets total	1 122.70	1 184.90	1 491.80	1 371.90	1 388.40
Participating interests	3.00	2.60	2.60
Other non-current investments		66.30	85.40	77.30	75.80
Investments total	3.00	68.90	88.00	77.30	75.80
Non-current other receivables		0.80	0.80	3.70	3.60
Deferred tax assets	40.60	41.20	62.00	63.20	54.70
Long term receivables total	40.60	42.00	62.80	66.90	58.30
Inventories total	211.10	256.70	299.90	327.60	340.40
Current trade debtors	369.00	347.80	396.20	459.50	457.00
Prepayments and accrued income	16.80		24.30	25.50	37.60
Current other receivables	136.40	255.90	216.20	277.60	129.10
Current deferred tax assets	4.40	15.00	28.10	24.20	13.40
Short term receivables total	526.60	618.70	664.80	786.80	637.10
Cash and bank deposits	45.60	75.10	26.90	111.80	166.20
Cash and cash equivalents	45.60	75.10	26.90	111.80	166.20
Balance sheet total (assets)	2 042.10	2 374.20	2 804.20	2 857.00	2 721.60

	2019	2020	2021	2022	2023
Share capital	140.30	140.30	140.30	140.30	140.30
Other reserves	- 167.50	- 292.10	- 213.80	- 149.40	- 260.50
Retained earnings	739.20	903.20	1 195.60	1 260.70	1 230.50
Profit of the financial year	167.20	273.90	74.40	-29.80	114.30
Shareholders equity total	879.20	1 025.30	1 196.50	1 221.80	1 224.60
Non-current loans from credit institutions	601.90			860.30	765.80
Non-current leasing loans	68.50	59.70	62.80	53.40	44.70
Non-current pension loans		35.20	9.60
Provisions	32.20			20.30	20.10
Non-current other liabilities	10.00	631.00	785.40	0.90	0.80
Non-current deferred tax liabilities	18.30	32.70	39.70	60.30	50.20
Non-current liabilities total	730.90	758.60	897.50	995.20	881.60
Current loans from credit institutions	39.10		98.10	190.50	22.10
Current leasing loans	8.80	8.90	11.90	13.50	13.20
Advances received	35.50	26.70	14.20	17.50	20.10
Current trade creditors	163.20	209.60	306.70	319.70	301.80
Current owed to group member		5.10
Short-term deferred tax liabilities	18.90	30.00	15.30	12.20	11.90
Other non-interest bearing current liabilities	165.30	305.80	262.40	159.40	247.80
Current provisions	0.20	3.30	0.70	0.30	0.40
Accruals and deferred income	1.00	0.90	0.90
Current liabilities total	432.00	590.30	710.20	713.10	617.30
Balance sheet total (liabilities)	2 042.10	2 374.20	2 804.20	2 930.10	2 723.50

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