TWIN HEAT A/S — Credit Rating and Financial Key Figures
CVR number: 27549012
Nørrevangen 7, 9631 Gedsted
Income statement (kDKK)
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal period length | 12 | 12 | 12 | 12 | 12 |
| Net sales | |||||
| Gross profit | 5 280.53 | 5 163.98 | 6 334.18 | 8 163.73 | 9 609.10 |
| Employee benefit expenses | -4 735.70 | -4 359.13 | -5 217.37 | -6 452.78 | -7 342.31 |
| Other operating expenses | -28.19 | ||||
| Total depreciation | - 368.56 | - 406.55 | - 446.22 | - 477.50 | - 442.49 |
| EBIT | 176.27 | 398.30 | 642.39 | 1 233.45 | 1 824.30 |
| Other financial income | 72.28 | 93.42 | 93.84 | 111.64 | 117.65 |
| Other financial expenses | - 230.91 | - 163.21 | - 128.70 | - 246.74 | - 271.60 |
| Pre-tax profit | 17.64 | 328.51 | 607.53 | 1 098.34 | 1 670.35 |
| Income taxes | -5.77 | -50.59 | - 134.89 | - 259.70 | - 378.53 |
| Net earnings | 11.87 | 277.92 | 472.64 | 838.64 | 1 291.81 |
Assets (kDKK)
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Development expenditure | 2 185.33 | 2 527.62 | 2 252.77 | 1 946.61 | 1 647.98 |
| Intangible rights | 269.21 | 213.69 | 145.95 | 78.22 | 13.79 |
| Intangible assets total | 2 454.54 | 2 741.31 | 2 398.73 | 2 024.83 | 1 661.77 |
| Buildings | 124.17 | 97.14 | 72.27 | 52.53 | 107.57 |
| Machinery and equipment | 330.27 | 350.25 | 284.47 | 200.61 | 138.89 |
| Tangible assets total | 454.44 | 447.38 | 356.74 | 253.14 | 246.46 |
| Investments total | |||||
| Non-current loans receivable | 12.80 | 23.36 | 23.97 | 23.39 | 31.35 |
| Long term receivables total | 12.80 | 23.36 | 23.97 | 23.39 | 31.35 |
| Semifinished products | 1 992.74 | 1 579.50 | 1 938.48 | 4 856.14 | 2 645.00 |
| Raw materials and consumables | 1 816.99 | 1 279.50 | 2 751.39 | 1 517.32 | 1 362.47 |
| Finished products/goods | 1 767.19 | 2 192.30 | 1 563.29 | 2 154.85 | 3 365.50 |
| Inventories total | 5 576.92 | 5 051.31 | 6 253.15 | 8 528.31 | 7 372.97 |
| Current trade debtors | 804.44 | 1 060.98 | 2 284.92 | 1 518.17 | 1 391.04 |
| Current amounts owed by group member comp. | 1 185.76 | 1 299.66 | 1 668.10 | 2 874.49 | 1 096.88 |
| Prepayments and accrued income | 77.97 | 62.35 | 110.68 | 91.07 | 79.62 |
| Current other receivables | 116.64 | 91.00 | 29.97 | 5.07 | |
| Current deferred tax assets | 98.18 | 46.92 | |||
| Short term receivables total | 2 283.00 | 2 560.90 | 4 093.67 | 4 488.79 | 2 567.54 |
| Cash and bank deposits | 9.55 | ||||
| Cash and cash equivalents | 9.55 | ||||
| Balance sheet total (assets) | 10 781.70 | 10 824.26 | 13 126.26 | 15 318.46 | 11 889.64 |
Equity and liabilities (kDKK)
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Share capital | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 |
| Shares repurchased | 2 000.00 | 1 000.00 | |||
| Other reserves | 1 602.81 | 1 711.90 | 1 524.32 | 1 324.94 | 1 122.53 |
| Retained earnings | 2 106.90 | 2 009.67 | 2 475.18 | 1 147.19 | 1 188.24 |
| Profit of the financial year | 11.87 | 277.92 | 472.64 | 838.64 | 1 291.81 |
| Shareholders equity total | 4 221.57 | 4 499.49 | 4 972.13 | 5 810.77 | 5 102.59 |
| Provisions | 482.94 | 553.16 | 506.89 | 414.50 | 343.72 |
| Non-current accruals and deferred income | 64.55 | 268.41 | 238.63 | 208.84 | 179.06 |
| Non-current other liabilities | 233.82 | 540.68 | 1 116.71 | ||
| Non-current deferred tax liabilities | 295.34 | 301.89 | |||
| Non-current liabilities total | 298.37 | 809.09 | 1 355.33 | 504.18 | 480.95 |
| Current loans from credit institutions | 3 991.62 | 2 508.28 | 4 267.93 | 3 778.22 | 3 590.59 |
| Advances received | 22.33 | 69.23 | 286.47 | 2 277.50 | |
| Current trade creditors | 477.43 | 542.97 | 881.79 | 1 310.03 | 861.86 |
| Short-term deferred tax liabilities | 135.48 | 351.92 | 448.69 | ||
| Other non-interest bearing current liabilities | 1 064.75 | 1 842.04 | 720.24 | 871.33 | 1 061.24 |
| Accruals and deferred income | 222.70 | ||||
| Current liabilities total | 5 778.82 | 4 962.52 | 6 291.91 | 8 589.00 | 5 962.37 |
| Balance sheet total (liabilities) | 10 781.70 | 10 824.26 | 13 126.26 | 15 318.46 | 11 889.64 |
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