FF SKAGEN A/S — Credit Rating and Financial Key Figures

CVR number: 53686214

Havnevagtvej 5, 9990 Skagen

tel: 98441382

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	2 740.42	2 469.17	2 699.32	3 237.34	3 714.85
Change in finished goods inventory				- 549.29	405.53
Other operating income				12.00	15.53
Purchases during the financial year				-2 902.47	-2 542.87
External services				- 290.31	- 293.06
Gross profit	366.70	333.92	459.09	605.84	488.92
Employee benefit expenses				- 209.90	- 229.03
Other operating expenses				-0.03
Total depreciation				- 101.33	- 101.31
EBIT	16.04	8.13	141.33	294.58	158.58
Other financial income				41.64	27.24
Other financial expenses				-55.00	-51.75
Net income from associates (fin.)				3.69	4.84
Pre-tax profit	-28.06	10.86	130.95	284.90	138.92
Income taxes				-67.33	-36.74
Net earnings	-28.06	10.86	130.95	217.57	102.17

	2020	2021	2022	2023	2024
Goodwill				53.87	23.09
Intangible assets total				53.87	23.09
Land and waters				294.37	289.60
Buildings				153.19	129.87
Machinery and equipment				31.90	27.73
Advance payments and construction in progress				3.90	7.15
Tangible assets total				483.37	454.34
Participating interests				28.70	28.89
Investments total	1 952.65	1 645.88	1 552.44	28.70	28.89
Non-current loans receivable					2.95
Long term receivables total					2.95
Raw materials and consumables				17.20	15.35
Finished products/goods				1 087.34	682.81
Advance payments					15.49
Inventories total				1 104.55	713.65
Current trade debtors				383.51	345.65
Current owed by particip. interest comp.				1.00
Prepayments and accrued income				3.52	3.52
Current other receivables				71.39	75.48
Short term receivables total				459.43	424.65
Cash and bank deposits				20.75	50.01
Cash and cash equivalents				20.75	50.01
Balance sheet total (assets)	1 952.65	1 645.88	1 552.44	2 150.67	1 697.57

	2020	2021	2022	2023	2024
Share capital	390.85	402.86	559.72	22.00	22.00
Shares repurchased				44.00	33.00
Retained earnings	28.06	-10.86	- 130.95	468.66	653.27
Profit of the financial year	-28.06	10.86	130.95	217.57	102.17
Shareholders equity total	390.85	402.86	559.72	752.23	810.44
Provisions				25.79	4.22
Non-current loans from credit institutions				441.46	394.01
Non-current leasing loans				8.61	4.64
Non-current deferred tax liabilities				22.46	22.36
Non-current liabilities total				472.54	421.01
Current loans from credit institutions				255.50	53.97
Advances received				3.69	1.09
Current trade creditors				455.16	231.45
Short-term deferred tax liabilities				76.32	59.18
Other non-interest bearing current liabilities				28.85	35.62
Accruals and deferred income				80.58	80.59
Current liabilities total				900.11	461.90
Balance sheet total (liabilities)	390.85	402.86	559.72	2 150.67	1 697.57

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