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

CVR number: 26991064

Lyskær 5, 2730 Herlev

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	382.28	409.48	472.03	396.65	381.75
Change in finished goods inventory	9.60	10.95	14.64	22.67	0.13
Other operating income	3.09			4.85	0.11
Costs of manufacturing	- 288.49	- 303.34	- 359.70	- 287.87	- 279.28
External services	-31.08	-33.63	-37.59	-33.37	-30.69
Gross profit	56.20	61.55	60.10	57.59	71.74
Employee benefit expenses	-38.77	-41.14	-43.19	-43.52	-40.93
Total depreciation	-7.03	-7.22	-7.31	-7.18	-9.24
EBIT	10.41	13.19	9.60	6.90	21.57
Other financial income	0.95	1.23	0.48	1.11	0.53
Other financial expenses	-3.40	-3.76	-3.44	-6.68	-4.34
Net income from associates (fin.)	-5.43	-1.60	1.30	2.03	1.59
Pre-tax profit	2.53	9.06	7.94	3.37	19.35
Income taxes	0.00	-3.23	-2.63	0.30	-2.75
Net earnings	2.54	5.83	5.31	3.67	16.60

	2020	2021	2022	2023	2024
Development expenditure		1.21	9.32	14.83
Intangible rights	13.78	12.73	11.69	10.81	21.23
Goodwill	11.10	7.93	4.76	1.59
Intangible assets total	24.88	21.87	25.76	27.22	21.23
Land and waters	16.29	16.31	15.41	14.50	13.54
Buildings	16.01	15.21	13.43	11.39	9.29
Machinery and equipment	0.05	0.09	0.22	0.14	0.07
Advance payments and construction in progress	0.33	0.14
Tangible assets total	32.69	31.75	29.05	26.03	22.91
Holdings in group member companies	4.96	7.52	9.56	11.27	16.09
Investments total	4.96	7.52	9.56	11.27	16.09
Long term receivables total
Semifinished products	0.00		0.19	0.20	0.03
Finished products/goods	36.57	48.53	62.98	40.30	40.61
Inventories total	36.57	48.53	63.17	40.50	40.64
Current trade debtors	12.01	11.64	13.82	13.80	9.01
Current amounts owed by group member comp.	5.21	11.58	10.48	6.65	5.46
Prepayments and accrued income	0.35	1.89	2.77	0.93	0.33
Current other receivables	1.40	2.17	1.23	1.76	1.78
Current deferred tax assets	7.61	4.66	2.07	3.07	1.10
Short term receivables total	26.58	31.94	30.36	26.21	17.67
Cash and bank deposits	0.22	0.23	13.18	13.52	2.96
Cash and cash equivalents	0.22	0.23	13.18	13.52	2.96
Balance sheet total (assets)	125.90	141.84	171.08	144.76	121.48

	2020	2021	2022	2023	2024
Share capital	3.00	3.00	3.00	3.00	3.00
Shares repurchased				3.67	16.50
Retained earnings	27.73	30.36	35.70	37.02	24.14
Profit of the financial year	2.54	5.83	5.31	3.67	16.60
Shareholders equity total	33.27	39.19	44.00	47.35	60.24
Non-current owed to group member				21.39
Non-current deferred tax liabilities	3.54
Non-current liabilities total	3.54			21.39
Current loans from credit institutions	2.52	7.02		8.38
Advances received		0.14	0.55	0.46	0.36
Current trade creditors	26.45	34.73	56.84	32.71	30.64
Current owed to group member	45.06	46.27	57.37	24.41	22.98
Short-term deferred tax liabilities		0.27			0.79
Other non-interest bearing current liabilities	14.89	13.88	12.31	10.06	6.35
Accruals and deferred income	0.17	0.34			0.12
Current liabilities total	89.09	102.65	127.08	76.02	61.24
Balance sheet total (liabilities)	125.90	141.84	171.08	144.76	121.48

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