FRIIS GROUP A/S — Credit Rating and Financial Key Figures

CVR number: 26491320

Finlandsvej 8, 6100 Haderslev

cfr@dansani.dk

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	521.60	641.20	699.93	809.39	765.75
Other operating income				8.56	3.03
Purchases during the financial year				- 358.02	- 316.04
External services				- 159.68	- 147.46
Gross profit	191.27	231.59	235.18	300.23	305.28
Employee benefit expenses				- 263.45	- 260.87
Other operating expenses				-0.41
Total depreciation				-37.33	-31.00
EBIT	191.27	231.59	235.18	0.60	13.41
Other financial income				4.04	0.93
Other financial expenses				-32.87	-34.92
Net income from associates (fin.)				5.10	-4.04
Pre-tax profit	15.70	56.84	21.42	-23.13	-24.61
Income taxes				6.21	1.29
Net earnings	15.70	56.84	21.42	-16.92	-23.32

	2020	2021	2022	2023	2024
Development expenditure				4.38	6.70
Intangible rights				0.06	0.02
Goodwill				215.64	195.38
Intangible assets total				220.09	202.10
Land and waters				113.38	139.77
Buildings				26.49	24.53
Machinery and equipment				7.76	6.58
Tangible assets total				147.63	170.88
Participating interests				28.45	28.09
Investments total	528.65	577.52	703.38	28.74	28.31
Non-current loans receivable				0.13	0.13
Non-current other receivables				0.26	0.36
Long term receivables total				0.39	0.49
Raw materials and consumables				68.50	63.44
Finished products/goods				19.55	18.42
Advance payments				7.15	7.77
Inventories total				95.20	89.63
Current trade debtors				130.52	103.46
Current owed by particip. interest comp.				4.02	7.46
Prepayments and accrued income				10.78	13.58
Current other receivables				35.90	29.10
Current deferred tax assets				8.30	0.15
Short term receivables total				189.51	153.75
Cash and bank deposits				1.14	0.83
Cash and cash equivalents				1.14	0.83
Balance sheet total (assets)	528.65	577.52	703.38	682.70	645.99

	2020	2021	2022	2023	2024
Share capital	129.66	184.89	198.06	0.50	0.50
Other reserves				-5.15	-8.71
Retained earnings	-15.70	-56.84	-21.42	160.07	162.55
Profit of the financial year	15.70	56.84	21.42	-16.92	-23.32
Minority interest (BS)				39.58	42.72
Shareholders equity total	129.66	184.89	198.06	178.07	173.74
Provisions				18.00	10.36
Non-current loans from credit institutions				95.43	71.97
Non-current leasing loans				2.69	1.44
Non-current deferred tax liabilities				11.38	17.08
Non-current liabilities total				109.50	90.50
Current loans from credit institutions				210.92	218.34
Advances received				0.37
Current trade creditors				67.40	68.45
Current owed to participating				0.07	0.06
Short-term deferred tax liabilities				1.47	6.02
Other non-interest bearing current liabilities				96.89	78.52
Current liabilities total				377.12	371.39
Balance sheet total (liabilities)	129.66	184.89	198.06	682.70	645.99

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