AIRMASTER A/S — Credit Rating and Financial Key Figures

CVR number: 29527393

Industrivej 59, 9600 Aars

tel: 98625777

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales			336.85	546.78	246.98
Manufacturing for enterprise's own use			3.26	4.17	8.67
Other operating income			1.55	1.59	2.21
Purchases during the financial year			- 167.90	- 256.71	- 111.11
External services			-32.57	-43.51	-29.55
Gross profit	69.72	92.61	141.19	252.31	117.19
Employee benefit expenses	-45.88	-61.39	-83.97	- 106.44	-89.65
Total depreciation	-4.09	-3.54	-4.22	-6.29	-11.33
EBIT	19.74	27.69	52.99	139.58	16.21
Other financial income	0.27	0.35	0.15	1.71	1.19
Other financial expenses	-0.57	-0.66	-1.36	-0.90	-0.96
Net income from associates (fin.)	2.69	7.18	6.86	4.17	5.22
Pre-tax profit	22.14	34.57	58.65	144.56	21.65
Income taxes	-3.57	-4.55	-10.00	-30.85	-3.92
Net earnings	18.57	30.02	48.65	113.71	17.73

	2020	2021	2022	2023	2024
Development expenditure	5.81	11.81	27.20	42.09	52.65
Intangible rights	2.13	3.78	3.29	2.81	2.06
Goodwill	0.29
Intangible assets total	8.23	15.58	30.50	44.90	54.71
Buildings	4.20	4.03	4.30	8.01	8.59
Machinery and equipment	0.51	0.36	0.82	0.39	0.26
Tangible assets total	4.71	4.39	5.12	8.40	8.85
Holdings in group member companies	6.76	12.54	11.29	9.61	13.80
Other non-current investments	0.49	0.53	0.30	0.12	0.11
Investments total	7.25	13.07	11.59	9.73	13.91
Non-curr. owed by group member comp.	0.45	0.45	0.45	0.45
Non-current other receivables	0.17	0.21	0.33	0.39	0.78
Long term receivables total	0.61	0.67	0.78	0.84	0.78
Semifinished products	2.91		7.36	8.97	4.76
Raw materials and consumables	20.60	24.01	51.21	48.47	52.99
Finished products/goods	3.86	13.27	19.90	12.71	5.38
Inventories total	27.37	37.28	78.47	70.15	63.13
Current trade debtors	11.07	10.59	26.80	19.32	11.11
Current amounts owed by group member comp.	3.96	2.13	3.22	6.39	26.36
Current owed by particip. interest comp.				4.36
Prepayments and accrued income	0.72	0.36	1.71	1.61	1.07
Current other receivables	0.46	2.36	4.29	2.87	3.41
Short term receivables total	16.20	15.46	36.01	34.55	41.95
Cash and bank deposits	4.99	6.73	0.53	50.75	8.31
Cash and cash equivalents	4.99	6.73	0.53	50.75	8.31
Balance sheet total (assets)	69.37	93.18	163.00	219.31	191.64

	2020	2021	2022	2023	2024
Share capital	1.00	1.00	1.00	1.00	1.00
Shares repurchased	16.00	20.00	35.00	30.00	20.00
Other reserves	6.65	17.11	27.86	7.79	51.40
Retained earnings	10.11	-1.73	-17.61	-9.07	70.81
Profit of the financial year	18.57	30.02	48.65	113.71	17.73
Shareholders equity total	52.33	66.39	94.90	143.43	160.94
Provisions	1.16	2.68	6.22	9.08	10.75
Non-current deferred tax liabilities	0.92
Non-current liabilities total	0.92
Current loans from credit institutions	0.09	0.19	23.17	0.21
Advances received	0.31	0.20	1.01	9.01	1.37
Current trade creditors	7.22	11.41	16.55	20.62	5.26
Current owed to group member	0.51	2.67	8.63	0.23	4.43
Short-term deferred tax liabilities	3.01	3.08	6.50	0.62
Other non-interest bearing current liabilities	3.82	6.57	6.03	36.11	8.89
Current liabilities total	14.97	24.11	61.88	66.80	19.95
Balance sheet total (liabilities)	69.37	93.18	163.00	219.31	191.64

CreditReports API