AX V GUBI Holding III ApS — Credit Rating and Financial Key Figures

CVR number: 38783769

Sankt Annæ Plads 10, 1250 København K

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	211.21	508.16	522.79	389.35	352.83
Manufacturing for enterprise's own use			4.03	3.11	2.45
Costs of manufacturing	- 106.40	- 255.85	- 295.27	- 188.91	- 162.16
External services	-20.34	-53.10	-64.72	-78.28	-71.41
Gross profit	84.47	199.21	166.83	125.27	121.72
Employee benefit expenses	-29.87	-65.81	-81.66	-62.39	-54.99
Total depreciation	-50.54	- 102.68	- 103.68	- 101.81	- 454.22
EBIT	4.07	30.71	-18.51	-38.93	- 387.49
Other financial income	0.10	0.01	0.83	1.24	0.34
Other financial expenses	-14.35	-22.82	-22.16	-35.24	-33.19
Pre-tax profit	-10.18	7.91	-39.84	-72.93	- 420.34
Income taxes	-8.94	-18.85	-8.17	-4.70	-3.91
Net earnings	-19.13	-10.95	-48.01	-77.63	- 424.26

	2020	2021	2022	2023	2024
Development expenditure	12.44	11.37	9.59	8.19	6.61
Intangible rights	293.52	276.98	259.73	241.78	224.24
Goodwill	1 358.10	1 280.49	1 202.88	1 125.27	694.66
Intangible assets total	1 664.06	1 568.84	1 472.19	1 375.24	925.51
Buildings	1.53	0.87	0.44	0.33	0.83
Machinery and equipment	1.80	1.05	0.97	1.15	1.11
Tangible assets total	3.33	1.92	1.41	1.48	1.94
Investments total	3.39	4.25	3.56	4.91	3.67
Long term receivables total
Finished products/goods	36.15	58.15	85.23	62.44	61.83
Advance payments	1.52	3.83	1.34	0.28	0.81
Inventories total	37.67	61.98	86.58	62.72	62.65
Current trade debtors	50.59	55.45	43.50	28.55	35.69
Prepayments and accrued income	1.26	0.56	1.54	2.97	4.69
Current other receivables	4.23	2.15	1.72	4.28	1.31
Current deferred tax assets	2.28	3.24			1.01
Short term receivables total	58.36	61.40	46.76	35.80	42.70
Cash and bank deposits	22.56	19.60	36.17	33.28	24.10
Cash and cash equivalents	22.56	19.60	36.17	33.28	24.10
Balance sheet total (assets)	1 789.37	1 717.98	1 646.67	1 513.44	1 060.56

	2020	2021	2022	2023	2024
Share capital	7.56	7.56	7.56	7.56	7.74
Other reserves	0.42	0.95	0.07	-1.79	-1.35
Retained earnings	707.78	691.78	702.07	686.46	803.15
Profit of the financial year	-19.13	-10.95	-48.01	-77.63	- 424.26
Minority interest (BS)	489.21	489.47	470.13	436.32	255.99
Shareholders equity total	1 185.84	1 178.81	1 131.81	1 050.91	641.27
Provisions	73.67	69.15	63.71	55.99	51.24
Non-current loans from credit institutions	436.69	354.95	295.50	263.37	235.62
Non-current owed to group member					13.39
Non-current deferred tax liabilities	9.74	1.70
Non-current liabilities total	446.43	356.65	295.50	263.37	249.01
Current loans from credit institutions	21.79	48.03	86.32	85.87	65.30
Advances received	5.09	11.61	5.04	4.70	6.07
Current trade creditors	33.60	33.68	40.86	33.04	28.62
Short-term deferred tax liabilities	0.48	3.12	12.43	5.80	6.54
Other non-interest bearing current liabilities	22.48	16.93	11.01	13.75	12.51
Current liabilities total	83.43	113.37	155.65	143.16	119.04
Balance sheet total (liabilities)	1 789.37	1 717.98	1 646.67	1 513.44	1 060.56

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