HUMMEL A/S — Credit Rating and Financial Key Figures

CVR number: 81198411

Balticagade 20, 8000 Aarhus C

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	725.86	1 101.83	1 348.62	1 082.95	1 219.79
Other operating income	2.30	0.21	0.16	3.97	4.16
Costs of manufacturing	- 408.87	- 593.62	- 846.43	- 648.32	- 679.94
External services	- 215.07	- 314.91	- 451.18	- 387.67	- 389.36
Gross profit	104.22	193.52	51.18	50.94	154.65
Employee benefit expenses	-85.05	- 109.61	- 147.83	- 154.22	- 167.91
Other operating expenses	-1.41
Total depreciation	-7.17	-8.42	-11.97	-12.19	-10.13
EBIT	10.60	75.49	- 108.62	- 115.48	-23.39
Other financial income	5.68	4.58	6.65	32.86	21.75
Other financial expenses	-3.85	-16.11	-12.52	-44.97	-51.98
Net income from associates (fin.)	-14.92	35.29	-4.39	12.56	56.83
Pre-tax profit	-2.49	99.25	- 118.88	- 115.03	3.21
Income taxes	-0.02	-14.17	25.09	27.52	11.79
Net earnings	-2.51	85.08	-93.79	-87.51	15.00

	2020	2021	2022	2023	2024
Development expenditure	10.68	11.48	15.23	8.85	8.33
Intangible assets total	10.68	11.48	15.23	8.85	8.33
Buildings	2.44	2.29	1.81	0.92	0.50
Machinery and equipment	1.59	3.92	6.99	4.25	3.38
Tangible assets total	4.03	6.21	8.80	5.16	3.88
Holdings in group member companies	0.67	26.39	32.37	42.51	94.74
Investments total	0.67	26.39	32.37	42.51	94.74
Long term receivables total
Finished products/goods	328.62	441.51	719.60	495.50	525.50
Advance payments	14.85	10.75		1.90
Inventories total	343.47	452.26	719.60	497.40	525.50
Current trade debtors	78.42	108.03	113.71	72.69	57.12
Current amounts owed by group member comp.	538.95	556.90	762.49	556.17	611.13
Prepayments and accrued income	11.09	19.13	29.84	25.07	14.29
Current other receivables	8.99	26.08	27.07	19.14	32.47
Current deferred tax assets	6.72		15.06	42.40	16.55
Short term receivables total	644.17	710.14	948.17	715.48	731.56
Cash and bank deposits	16.39	16.94	16.60	1.50	1.15
Cash and cash equivalents	16.39	16.94	16.60	1.50	1.15
Balance sheet total (assets)	1 019.40	1 223.42	1 740.78	1 270.90	1 365.17

	2020	2021	2022	2023	2024
Share capital	10.00	10.00	10.00	10.00	10.00
Other reserves	-17.15	72.23	72.55	41.47	113.94
Retained earnings	313.79	284.29	370.84	269.46	125.53
Profit of the financial year	-2.51	85.08	-93.79	-87.51	15.00
Shareholders equity total	304.12	451.61	359.60	233.42	264.47
Provisions		11.63		1.79	7.00
Non-current loans from credit institutions	120.00	90.00	90.00	90.00	60.00
Non-current owed to group member			50.00	215.60	260.38
Non-current deferred tax liabilities		7.71	8.01	7.79	8.03
Non-current liabilities total	120.00	97.71	148.01	313.39	328.41
Current loans from credit institutions	215.99	278.99	569.25	490.03	527.71
Current trade creditors	148.43	201.01	152.21	106.53	118.52
Current owed to group member	167.35	130.61	446.72	79.32	77.14
Short-term deferred tax liabilities	3.08	10.99
Other non-interest bearing current liabilities	60.43	40.87	64.99	46.43	41.90
Current liabilities total	595.28	662.47	1 233.16	722.31	765.28
Balance sheet total (liabilities)	1 019.40	1 223.42	1 740.78	1 270.90	1 365.17

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