THORNICO A/S — Credit Rating and Financial Key Figures
CVR number: 15960205
Havnegade 36, 5000 Odense C
Income statement (mDKK)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal period length | 12 | 12 | 12 | 12 | 12 |
| Net sales | 8 575.27 | 10 099.66 | 12 131.32 | 9 658.98 | 10 072.14 |
| Change in finished goods inventory | -40.58 | -66.83 | |||
| Manufacturing for enterprise's own use | 21.05 | ||||
| Other operating income | 10.12 | 84.75 | 7.29 | 5.91 | |
| Purchases during the financial year | -3 815.04 | -4 919.90 | |||
| External services | -3 634.12 | -4 485.78 | -1.35 | -6.53 | |
| Gross profit | 2 215.61 | 2 660.61 | 2 810.38 | 2 924.53 | 3 313.28 |
| Employee benefit expenses | -1 431.69 | -1 657.60 | -1 791.01 | -1 858.15 | |
| Total depreciation | - 332.65 | - 441.86 | - 449.99 | - 369.36 | |
| Reduction in value of non-current assets | 70.91 | 7.01 | 0.23 | 8.87 | |
| EBIT | 748.17 | 967.18 | 717.93 | 683.77 | 1 094.64 |
| Other financial income | 210.20 | 111.73 | 73.93 | 81.51 | |
| Other financial expenses | - 168.40 | - 285.37 | - 210.88 | - 210.05 | |
| Net income from associates (fin.) | 7.35 | 2.08 | -4.08 | 3.66 | |
| Pre-tax profit | 1 016.34 | 546.37 | 72.25 | 969.76 | |
| Income taxes | - 185.95 | - 143.89 | 197.35 | - 230.25 | |
| Profit/loss from discontinued operations | -0.10 | -91.10 | 374.37 | ||
| Net earnings | 830.28 | 311.38 | 643.96 | 739.51 |
Assets (mDKK)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Development expenditure | 97.44 | 124.47 | 132.25 | 151.32 | |
| Intangible rights | 126.88 | 103.33 | 87.34 | 80.94 | |
| Goodwill | 246.60 | 173.08 | 116.72 | 100.23 | |
| Intangible assets total | 470.91 | 400.88 | 336.30 | 332.49 | |
| Land and waters | 856.44 | 972.96 | 921.87 | 956.96 | |
| Buildings | 2 122.09 | 2 272.63 | 2 243.34 | 2 441.53 | |
| Machinery and equipment | 92.98 | 225.87 | 210.30 | 207.91 | |
| Advance payments and construction in progress | 428.64 | 114.67 | 194.46 | 246.45 | |
| Tangible assets total | 3 500.15 | 3 586.12 | 3 569.97 | 3 852.85 | |
| Participating interests | 45.64 | 47.02 | 42.38 | 45.91 | |
| Investments total | 6 569.18 | 45.64 | 47.02 | 42.38 | 45.91 |
| Non-current loans receivable | 26.24 | 10.96 | 19.62 | 17.87 | |
| Long term receivables total | 26.24 | 10.96 | 19.62 | 17.87 | |
| Finished products/goods | 1 470.57 | 2 055.64 | 1 807.60 | 1 916.25 | |
| Inventories total | 1 470.57 | 2 055.64 | 1 807.60 | 1 916.25 | |
| Current trade debtors | 1 658.00 | 1 691.87 | 1 540.39 | 1 691.31 | |
| Current amounts owed by group member comp. | 46.68 | 8.27 | 10.22 | ||
| Current owed by particip. interest comp. | 3.81 | 1.91 | 6.01 | ||
| Prepayments and accrued income | 138.47 | 142.01 | 138.62 | 200.72 | |
| Current other receivables | 280.42 | 401.43 | 289.04 | 283.71 | |
| Current deferred tax assets | 112.20 | 208.58 | 282.16 | 179.07 | |
| Short term receivables total | 2 239.59 | 2 452.16 | 2 262.34 | 2 360.82 | |
| Cash and bank deposits | 524.07 | 569.41 | 767.53 | 729.51 | 719.87 |
| Cash and cash equivalents | 524.07 | 569.41 | 767.53 | 729.51 | 719.87 |
| Non-current assets for sale | 91.50 | ||||
| Balance sheet total (assets) | 7 093.25 | 8 322.50 | 9 411.80 | 8 767.72 | 9 246.06 |
Equity and liabilities (mDKK)
2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Share capital | 2 657.68 | 1.00 | 1.00 | 1.00 | 1.00 |
| Shares repurchased | 20.00 | 20.00 | 316.01 | 20.00 | |
| Fair value reserve | 6.24 | 6.24 | 6.24 | ||
| Other reserves | - 296.01 | ||||
| Other restricted equity | - 166.78 | -53.81 | - 311.56 | - 386.16 | |
| Retained earnings | 2 469.78 | 3 268.32 | 3 057.80 | 3 727.45 | |
| Profit of the financial year | 830.28 | 311.38 | 643.96 | 739.51 | |
| Minority interest (BS) | 446.27 | 461.18 | 323.62 | 323.45 | |
| Shareholders equity total | 2 657.68 | 3 600.56 | 4 014.30 | 3 741.06 | 4 431.49 |
| Provisions | 350.15 | 423.61 | 424.28 | 428.89 | |
| Non-current loans from credit institutions | 1 357.78 | 1 376.18 | 1 341.30 | 1 108.84 | |
| Non-current leasing loans | 105.02 | 100.22 | 90.26 | ||
| Non-current deferred tax liabilities | 26.87 | 27.71 | 26.88 | 20.85 | |
| Non-current liabilities total | 1 384.65 | 1 508.92 | 1 468.39 | 1 219.95 | |
| Current loans from credit institutions | 1 155.83 | 1 365.17 | 931.94 | 1 052.25 | |
| Advances received | 241.31 | 345.47 | |||
| Current trade creditors | 1 023.74 | 1 131.71 | 916.63 | 928.37 | |
| Current owed to participating | 18.87 | 26.63 | 31.89 | 24.21 | |
| Current owed to group member | 7.16 | 75.60 | 87.02 | ||
| Short-term deferred tax liabilities | 142.71 | 150.08 | 218.03 | 114.44 | |
| Other non-interest bearing current liabilities | 563.10 | 733.68 | 718.58 | 613.96 | |
| Accruals and deferred income | 82.89 | 32.15 | |||
| Liabilities of non-current assets for sale | 18.40 | ||||
| Current liabilities total | 2 987.14 | 3 464.97 | 3 133.99 | 3 165.73 | |
| Balance sheet total (liabilities) | 2 657.68 | 8 322.50 | 9 411.80 | 8 767.72 | 9 246.06 |
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