Envases Europe A/S — Credit Rating and Financial Key Figures

CVR number: 67287118

Hedenstedvej 14, 8723 Løsning

tel: 75651612

Income statement (mDKK)

	2021	2022	2023	2024
Fiscal period length	12	12	12	12
Net sales	1 767.59	2 124.75	2 142.80	2 060.23
Other operating income	216.17	13.56	21.56	22.94
Costs of manufacturing	-1 497.51	-1 728.20	-1 796.55	-1 673.53
Gross profit	270.08	396.55	346.24	386.69
Costs of management	-64.80	-73.51	-81.21	-88.45
Costs of distribution	-87.79	-92.92	-98.27	- 100.27
Other operating expenses			-0.01
EBIT	333.67	243.67	188.31	220.91
Other financial income	9.72	11.13	23.41	38.06
Other financial expenses	-31.24	-36.43	-75.14	- 115.50
Net income from associates (fin.)	94.11	273.04	96.11	17.47
Pre-tax profit	406.26	491.41	232.69	160.93
Income taxes	-42.73	-49.98	-33.24	-31.78
Profit/loss from discontinued operations	-3.45	-1.06	-0.10	0.16
Net earnings	360.08	440.37	199.36	129.31

	2021	2022	2023	2024
Intangible rights	0.78	0.65	0.49	0.33
Intangible assets total	0.78	0.65	0.49	0.33
Land and waters	0.43	0.37	0.33	0.12
Buildings	251.80	290.39	277.67	227.22
Machinery and equipment	100.04	107.18	113.17	134.51
Advance payments and construction in progress	126.76	127.34	139.68	276.87
Other tangible assets	537.61	397.98	364.15	331.71
Tangible assets total	1 016.65	923.27	894.99	970.44
Holdings in group member companies	1 075.00	1 332.68	2 375.91	2 192.59
Participating interests	81.49	86.32	89.22	91.74
Investments total	1 156.49	1 419.00	2 465.13	2 284.33
Non-curr. owed by group member comp.	2.09	298.13	374.14	368.96
Non-current loans receivable	31.34	31.47	31.56	31.47
Long term receivables total	33.43	329.59	405.70	400.43
Finished products/goods	307.51	489.96	401.28	412.11
Inventories total	307.51	489.96	401.28	412.11
Current trade debtors	264.41	294.21	324.66	285.23
Current amounts owed by group member comp.	532.66	38.81	176.13	216.38
Prepayments and accrued income	2.65	1.90	6.03	10.14
Current other receivables	33.01	28.85	18.84	85.19
Current deferred tax assets		5.80		4.16
Short term receivables total	832.74	369.57	525.66	601.11
Cash and bank deposits	14.14	8.35	170.03	109.90
Cash and cash equivalents	14.14	8.35	170.03	109.90
Balance sheet total (assets)	3 361.74	3 540.39	4 863.28	4 778.64

	2020	2021	2022	2023	2024
Share capital	1 162.62	175.00	175.00	175.00	175.00
Other reserves		456.28	746.83	851.63	670.84
Retained earnings		551.95	624.16	969.46	1 342.79
Profit of the financial year		360.08	440.37	199.36	129.31
Shareholders equity total	1 162.62	1 543.31	1 986.36	2 195.45	2 317.93
Provisions		26.22	18.07	20.78	20.83
Non-current loans from credit institutions		405.10	297.70	1 208.33	1 026.49
Non-current accruals and deferred income		4.72	5.06	4.62	4.16
Non-current other liabilities		519.08	395.03	359.07	327.94
Non-current deferred tax liabilities		41.48	42.25	43.97	44.07
Non-current liabilities total		970.38	740.04	1 615.99	1 402.66
Current loans from credit institutions		281.21	219.02	407.29	536.75
Current trade creditors		188.20	315.86	194.26	324.67
Current owed to group member		244.19	154.67	222.26	38.76
Short-term deferred tax liabilities		12.98		0.22
Other non-interest bearing current liabilities		95.25	106.38	207.03	137.02
Current liabilities total		821.83	795.92	1 031.06	1 037.21
Balance sheet total (liabilities)	1 162.62	3 361.74	3 540.39	4 863.28	4 778.64

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