Hedin Nordic Truck A/S — Credit Rating and Financial Key Figures

CVR number: 56577815

Roholmsvej 19, 2620 Albertslund

iveco-nordic@hedinnordictruck.com

tel: 44570570

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	466.37	531.98	528.14	559.15	393.42
Other operating income	47.62	47.96	53.65	57.94	59.96
Purchases during the financial year	- 343.14	- 429.02	- 426.05	- 445.65	- 312.43
External services	-45.60	-46.11	-47.33	-50.28	-49.41
Gross profit	125.25	104.80	108.41	121.16	91.54
Employee benefit expenses	-67.13	-73.32	-73.73	-81.89	-71.03
Total depreciation	-43.18	-15.70	-16.90	-16.35	-15.62
EBIT	14.94	15.78	17.78	22.93	4.89
Other financial income	0.30	0.10	1.30	6.29	4.18
Other financial expenses	-3.63	-6.36	-7.07	-9.09	-2.02
Pre-tax profit	11.61	9.52	12.01	20.13	7.05
Income taxes	-1.97	-10.05	-2.85	-5.34	-1.88
Net earnings	9.64	-0.53	9.16	14.79	5.18

	2020	2021	2022	2023	2024
Intangible rights		0.47	0.37	0.28	5.40
Intangible assets total		0.47	0.37	0.28	5.40
Land and waters	17.41	16.80	16.18	15.63	14.96
Buildings	62.84	74.88	63.69	47.99	31.51
Machinery and equipment	1.52	1.34	1.07	0.67	0.26
Tangible assets total	81.78	93.02	80.95	64.30	46.73
Investments total	0.71	0.74	0.84	1.54	1.30
Long term receivables total
Finished products/goods	62.95	20.60	17.71	36.15	39.51
Advance payments	2.40	3.12	3.51	2.88
Inventories total	65.36	23.73	21.22	39.03	39.51
Current trade debtors	7.80	3.90	0.83	8.48	27.28
Current amounts owed by group member comp.	140.84	260.08	230.01	199.17	23.66
Prepayments and accrued income	1.28	3.54	0.89	0.67	1.48
Current other receivables	0.49	0.19	0.19	0.09	2.58
Current deferred tax assets	23.97	21.09	9.37	9.01	6.94
Short term receivables total	174.39	288.80	241.29	217.43	61.94
Cash and bank deposits	0.32	0.45	0.83	1.86	48.84
Cash and cash equivalents	0.32	0.45	0.83	1.86	48.84
Balance sheet total (assets)	322.55	407.20	345.50	324.43	203.70

	2020	2021	2022	2023	2024
Share capital	0.50	0.50	0.50	0.50	0.50
Retained earnings	106.40	116.04	115.51	124.67	61.45
Profit of the financial year	9.64	-0.53	9.16	14.79	5.18
Shareholders equity total	116.54	116.01	125.17	139.96	67.13
Provisions	54.53	51.86	52.01	57.54	48.21
Non-current accruals and deferred income	28.78	41.41	28.31	12.30	5.87
Non-current other liabilities	15.91	24.92
Non-current deferred tax liabilities			26.81	16.44	6.53
Non-current liabilities total	44.69	66.33	55.13	28.74	12.40
Current loans from credit institutions	26.33	2.06	0.00	8.62	15.82
Current trade creditors	25.72	19.09	24.96	18.38	44.32
Current owed to group member	15.17	113.52	50.27	26.62	0.04
Short-term deferred tax liabilities				2.67
Other non-interest bearing current liabilities	27.72	20.81	20.33	25.80	9.48
Accruals and deferred income	11.85	17.51	17.63	16.09	6.30
Current liabilities total	106.79	173.00	113.20	98.19	75.96
Balance sheet total (liabilities)	322.55	407.20	345.50	324.43	203.70

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