BAADER Food Systems Denmark A/S — Credit Rating and Financial Key Figures

CVR number: 19189511

Vestermøllevej 9 M, 8380 Trige

bfs-dk@baader.com

tel: 86231455

www.baader.com

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	609.88	708.62	610.27	691.23	699.81
Costs of manufacturing				- 573.43	- 589.58
Gross profit	93.11	89.00	102.75	117.79	110.23
Costs of management				-60.35	-47.26
Costs of distribution				-44.56	-41.74
Other operating expenses					-0.41
EBIT	17.59	11.78	8.66	12.89	20.82
Other financial income				0.42	0.50
Other financial expenses				-5.58	-4.02
Net income from associates (fin.)				34.58	15.37
Pre-tax profit	23.34	42.57	47.59	42.31	32.67
Income taxes				-1.67	-3.59
Net earnings	23.34	42.57	47.59	40.65	29.08

	2020	2021	2022	2023	2024
Development expenditure				86.35	84.42
Intangible rights				7.70	8.11
Intangible assets total				94.05	92.53
Land and waters				13.89	12.47
Buildings				1.65	1.04
Machinery and equipment				0.53	0.39
Advance payments and construction in progress					3.53
Tangible assets total				16.07	17.44
Holdings in group member companies				251.67	263.11
Other non-current investments				1.85	3.52
Investments total	508.48	518.50	642.16	253.52	266.63
Non-current other receivables				0.04	0.04
Long term receivables total				0.04	0.04
Semifinished products				4.19	4.22
Raw materials and consumables				3.01	4.25
Finished products/goods				66.53	74.19
Advance payments				0.80	3.16
Inventories total				74.53	85.83
Current trade debtors				24.87	31.23
Current amounts owed by group member comp.				98.18	124.93
Prepayments and accrued income				2.93	6.27
Current other receivables				40.95	48.46
Short term receivables total				166.93	210.88
Cash and bank deposits				17.54	14.77
Cash and cash equivalents				17.54	14.77
Balance sheet total (assets)	508.48	518.50	642.16	622.68	688.12

	2020	2021	2022	2023	2024
Share capital	255.84	312.38	333.21	10.38	10.38
Shares repurchased				30.00	44.70
Other reserves				169.91	180.55
Retained earnings	-23.34	-42.57	-47.59	73.45	69.78
Profit of the financial year	23.34	42.57	47.59	40.65	29.08
Shareholders equity total	255.84	312.38	333.21	324.38	334.49
Provisions				16.50	19.41
Non-current loans from credit institutions				1.34	1.32
Non-current other liabilities				13.54	13.96
Non-current liabilities total				14.88	15.28
Current loans from credit institutions				109.88	28.36
Current trade creditors				30.75	60.44
Current owed to group member				20.75	45.67
Short-term deferred tax liabilities				1.13
Other non-interest bearing current liabilities				48.47	35.48
Accruals and deferred income				55.95	148.98
Current liabilities total				266.92	318.93
Balance sheet total (liabilities)	255.84	312.38	333.21	622.68	688.12

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