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ADFORM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ADFORM A/S
ADFORM A/S (CVR number: 26434815) is a company from KØBENHAVN. The company reported a net sales of 79 mEUR in 2023, demonstrating a decline of -0.4 % compared to the previous year. The operating profit percentage was at 1.9 % (EBIT: 1.5 mEUR), while net earnings were 3523 kEUR. The profitability of the company measured by Return on Assets (ROA) was 7.1 %, which can be considered decent but Return on Equity (ROE) was 9.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 31.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. ADFORM A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 64.73 | 65.94 | 77.49 | 79.29 | 78.95 |
| Gross profit | 58.33 | 60.86 | 71.09 | 72.12 | 76.83 |
| EBIT | -7.49 | 0.25 | 7.27 | 3.88 | 1.46 |
| Net earnings | -6.74 | 1.42 | 11.20 | 5.11 | 3.52 |
| Shareholders equity total | 19.93 | 21.50 | 30.94 | 35.90 | 39.47 |
| Balance sheet total (assets) | 128.88 | 115.20 | 124.82 | 115.22 | 130.53 |
| Net debt | -18.39 | -15.28 | -24.27 | -24.41 | -20.50 |
| Profitability | |||||
| EBIT-% | -11.6 % | 0.4 % | 9.4 % | 4.9 % | 1.9 % |
| ROA | -1.4 % | 4.2 % | 10.0 % | 10.3 % | 7.1 % |
| ROE | -9.9 % | 6.9 % | 42.7 % | 15.3 % | 9.3 % |
| ROI | -5.7 % | 17.8 % | 45.9 % | 32.1 % | 16.0 % |
| Economic value added (EVA) | -6.80 | -0.82 | 4.08 | 1.15 | -1.16 |
| Solvency | |||||
| Equity ratio | 15.5 % | 18.7 % | 25.1 % | 31.7 % | 31.1 % |
| Gearing | 29.2 % | 56.5 % | |||
| Relative net indebtedness % | 139.9 % | 118.9 % | 89.8 % | 56.0 % | 61.1 % |
| Liquidity | |||||
| Quick ratio | 1.1 | 1.0 | 1.1 | 1.2 | 1.3 |
| Current ratio | 1.1 | 1.0 | 1.1 | 1.2 | 1.2 |
| Cash and cash equivalents | 18.39 | 15.28 | 24.27 | 34.90 | 42.79 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 337.2 | 371.9 | 301.6 | 233.4 | 254.1 |
| Net working capital % | 9.6 % | -2.0 % | 10.1 % | 21.3 % | 28.3 % |
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BBB | BBB |
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