V. GULDMANN A/S — Credit Rating and Financial Key Figures

CVR number: 27706746

Graham Bells Vej 23 A, Skejby 8200 Aarhus N

finance@guldmann.com

tel: 87413187

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	368.36	391.57	417.09	432.34	457.35
Other operating income	3.22	0.21	0.26	0.23	0.10
Costs of manufacturing	- 216.99	- 233.48	- 271.35	- 292.42	- 291.74
Gross profit	151.37	158.09	145.74	139.93	165.61
Costs of management	-91.91	-93.29	-94.10	- 103.75	- 108.01
Costs of distribution	-11.78	-13.63	-17.94	-19.40	-18.11
Other operating expenses	-0.12	-0.15	-2.79	-0.05	-0.01
EBIT	50.79	51.24	31.17	16.95	39.58
Other financial income	5.04	5.20	28.60	13.80	12.70
Other financial expenses	-10.03	-1.60	-1.78	-14.73	-11.73
Net income from associates (fin.)	13.35	19.00	22.85	12.06	25.70
Pre-tax profit	59.15	73.84	80.84	28.09	66.25
Income taxes	-10.14	-12.05	-12.17	-2.38	-8.81
Net earnings	49.01	61.78	68.67	25.71	57.43

	2020	2021	2022	2023	2024
Development expenditure	14.24	13.70	15.58	19.19	21.77
Intangible rights	8.77	6.98	5.55	3.99	3.52
Intangible assets total	23.01	20.68	21.13	23.18	25.30
Buildings	5.19	4.12	3.14	3.75	5.78
Machinery and equipment	2.74	2.04	1.58	2.20	2.11
Tangible assets total	7.93	6.16	4.72	5.95	7.89
Holdings in group member companies	32.26	49.07	80.56	88.94	113.48
Investments total	32.26	49.07	80.56	88.94	113.48
Non-current other receivables	2.90	3.33	3.37	3.42	3.99
Long term receivables total	2.90	3.33	3.37	3.42	3.99
Semifinished products	1.80	1.84	2.24	3.17	13.02
Raw materials and consumables	38.93	46.74	57.93	64.36	59.65
Finished products/goods	20.81	25.21	43.42	48.45	42.98
Inventories total	61.54	73.79	103.59	115.97	115.65
Current trade debtors	33.51	37.12	34.71	33.25	33.36
Current amounts owed by group member comp.	109.11	102.39	166.72	171.81	168.76
Prepayments and accrued income	1.27	1.71	3.92	1.92	2.55
Current other receivables	0.12	0.02	0.19	0.02	0.68
Short term receivables total	144.01	141.24	205.53	207.00	205.34
Cash and bank deposits	6.19	42.48	1.92	2.60	40.07
Cash and cash equivalents	6.19	42.48	1.92	2.60	40.07
Balance sheet total (assets)	277.85	336.74	420.83	447.06	511.72

	2020	2021	2022	2023	2024
Share capital	0.60	0.60	0.60	0.60	0.60
Shares repurchased	6.00	15.00	15.00	12.50	20.00
Other reserves	27.06	41.62	60.16	71.56	95.48
Retained earnings	110.13	130.35	154.62	197.23	176.38
Profit of the financial year	49.01	61.78	68.67	25.71	57.43
Shareholders equity total	192.81	249.35	299.05	307.60	349.89
Provisions	5.19	4.51	4.39	4.79	6.11
Non-current deferred tax liabilities	9.98	9.95	10.03	10.35	10.53
Non-current liabilities total	9.98	9.95	10.03	10.35	10.53
Current loans from credit institutions	3.85	0.00	35.70	45.68	48.53
Advances received	0.45	0.57	0.09	0.10	0.09
Current trade creditors	22.35	29.96	31.84	38.13	41.52
Current owed to group member	8.99	10.91	11.35	17.98	31.82
Short-term deferred tax liabilities	10.51	12.62	12.45	2.04	7.00
Other non-interest bearing current liabilities	23.72	18.88	15.94	20.39	16.23
Current liabilities total	69.87	72.93	107.36	124.33	145.19
Balance sheet total (liabilities)	277.85	336.74	420.83	447.06	511.72

CreditReports API