PPG Coatings Danmark A/S — Credit Rating and Financial Key Figures

CVR number: 18998696

Gladsaxevej 300, 2860 Søborg

tel: 39579393

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	890.45	998.55	1 062.21	1 011.87	982.65
Other operating income	2.56	2.69	2.78	2.91	2.93
Purchases during the financial year	- 461.73	- 549.55	- 635.33	- 562.46	- 539.97
External services	- 112.42	- 151.82	- 169.23	- 166.95	- 161.00
Gross profit	318.86	299.87	260.42	285.37	284.61
Employee benefit expenses	- 173.47	- 188.41	- 211.05	- 201.53	- 208.13
Other operating expenses		-0.02	-1.63	-4.00	-0.04
Total depreciation	-20.76	-22.18	-29.90	-44.57	-45.26
EBIT	124.64	89.26	17.84	35.27	67.67
Other financial income	0.45	1.01	2.99	9.27	8.87
Other financial expenses	-3.53	-3.93	-4.64	-6.76	-3.63
Reduction non-current investment assets	-44.66	19.00
Net income from associates (fin.)	2.64			2.92
Pre-tax profit	79.54	105.34	16.19	40.70	72.92
Income taxes	-27.16	-19.92	-5.24	-15.13	-13.20
Net earnings	52.39	85.42	10.95	25.56	59.72

	2020	2021	2022	2023	2024
Intangible rights	6.28	3.85	13.13	11.14	9.30
Goodwill			57.14	52.37	47.60
Intangible assets total	6.28	3.85	70.28	63.52	56.90
Land and waters	101.12	91.88	82.56	70.93	63.70
Buildings	30.30	31.57	22.83	25.24	41.09
Machinery and equipment	12.17	13.83	18.65	18.75	27.30
Advance payments and construction in progress			4.62	18.28	4.95
Tangible assets total	143.59	137.27	128.66	133.21	137.04
Holdings in group member companies	114.74	122.15	122.15	83.71	101.96
Investments total	118.85	128.12	128.43	89.24	108.20
Long term receivables total
Semifinished products	5.22	7.85	9.97	5.48	8.75
Raw materials and consumables	12.32	18.90	18.74	14.10	15.88
Finished products/goods	60.37	90.97	90.92	89.39	83.18
Inventories total	77.91	117.71	119.62	108.97	107.82
Current trade debtors	83.16	105.96	120.18	128.25	123.92
Current amounts owed by group member comp.	179.62	245.29	236.15	308.75	206.97
Prepayments and accrued income	0.83	3.34	1.68	1.27	2.06
Current other receivables	0.14	1.15	0.87	2.15	1.30
Current deferred tax assets	5.41	1.46	10.74	1.66	1.78
Short term receivables total	269.15	357.19	369.62	442.09	336.03
Cash and bank deposits	1.47	3.30	0.28	0.72	25.58
Cash and cash equivalents	1.47	3.30	0.28	0.72	25.58
Balance sheet total (assets)	617.25	747.44	816.89	837.75	771.57

	2020	2021	2022	2023	2024
Share capital	110.00	110.00	110.00	110.00	110.00
Retained earnings	96.62	175.62	334.09	345.04	370.60
Profit of the financial year	52.39	85.42	10.95	25.56	59.72
Shareholders equity total	259.00	371.05	455.04	480.60	540.33
Provisions	6.27	5.38	4.50	5.14	6.41
Non-current owed to group member	109.10	109.10	109.10	90.00
Non-current liabilities total	109.10	109.10	109.10	90.00
Current trade creditors	168.44	197.60	196.24	200.88	177.93
Current owed to group member	7.31	20.49	5.91	12.53	5.32
Short-term deferred tax liabilities	8.35	5.18		2.35
Other non-interest bearing current liabilities	58.78	38.64	46.11	46.24	41.58
Current liabilities total	242.88	261.91	248.25	262.00	224.83
Balance sheet total (liabilities)	617.25	747.44	816.89	837.75	771.57

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