KUNSTSTOF HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 18093944

Ringvejen 70, 7900 Nykøbing M

tel: 97722711

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	517.75	688.35	561.17	525.70	379.88
Other operating income	0.69	0.05	0.04		0.56
Costs of manufacturing	- 429.17	- 561.75	- 472.42	- 449.63	- 313.69
Gross profit	88.58	126.60	88.75	76.08	66.19
Costs of management	-11.38	-11.82	-12.65	-14.68	-10.37
Costs of distribution	-15.44	-18.69	-25.88	-19.08	-14.23
Other operating expenses				-0.01
EBIT	62.45	96.14	50.27	42.31	42.16
Other financial income	25.04	33.79	19.67	26.78	12.32
Other financial expenses	-1.91	-2.01	-6.84	-13.25	-7.74
Reduction non-current investment assets					-9.80
Net income from associates (fin.)	3.08	3.15	0.13
Pre-tax profit	88.66	131.08	63.22	56.23	36.94
Income taxes	-16.13	-22.88	-11.13	-14.51	-9.94
Net earnings	72.53	108.20	52.09	41.72	27.00

	2020	2021	2022	2023	2024
Development expenditure	1.58	1.36	1.19	1.14	1.21
Goodwill	1.97	1.96
Intangible assets total	3.55	3.32	1.19	1.14	1.21
Land and waters	60.20	62.58	64.11	75.39	78.27
Buildings	27.16	0.02	0.01	0.01	0.00
Machinery and equipment		30.82	32.38	31.95	30.16
Advance payments and construction in progress		1.24	11.56		12.61
Tangible assets total	87.36	94.66	108.07	107.34	121.04
Participating interests	14.46	16.95	39.29	24.98	24.98
Investments total	14.46	16.95	39.29	24.98	-12.00
Non-current loans receivable	0.03	0.03	33.65	82.73	93.71
Long term receivables total	0.03	0.03	33.65	82.73	93.71
Semifinished products	28.59	42.28	41.33	30.93	43.07
Raw materials and consumables	118.54	161.51	113.79	133.52	158.33
Finished products/goods	6.53	14.26	10.85	10.92	13.85
Inventories total	153.66	218.04	165.97	175.38	215.25
Current trade debtors	102.08	118.48	82.80	85.54	61.41
Current owed by particip. interest comp.	6.40	9.51	4.76	4.66	5.86
Prepayments and accrued income	0.27	0.49	0.91	0.90	2.02
Current other receivables	5.74	7.93	3.17	7.98	5.23
Current deferred tax assets			0.06
Short term receivables total	114.49	136.40	91.70	99.08	74.52
Other current investments	218.07	194.58	170.35	187.08	179.53
Cash and bank deposits	152.62	181.46	282.54	244.10	219.50
Cash and cash equivalents	370.69	376.05	452.88	431.18	399.02
Balance sheet total (assets)	744.25	845.45	892.76	921.84	892.76

	2020	2021	2022	2023	2024
Share capital	0.20	0.20	0.20	0.20	0.20
Shares repurchased		6.00
Other reserves	7.12	8.61	7.70		-36.87
Retained earnings	454.69	487.73	576.37	611.39	637.79
Profit of the financial year	72.53	108.20	52.09	41.72	27.00
Minority interest (BS)	191.12	212.89	215.88	217.08	224.12
Shareholders equity total	725.66	823.63	852.25	870.39	852.25
Provisions	6.09	6.72	4.91	5.24	4.90
Non-current other liabilities	0.78				0.18
Non-current deferred tax liabilities			9.17	9.70	10.26
Non-current liabilities total	0.78		9.17	9.70	10.44
Advances received	0.48	0.50	0.56	0.55	0.63
Current trade creditors	4.44	7.01	21.11	28.48	18.26
Short-term deferred tax liabilities	2.52	4.10
Other non-interest bearing current liabilities	4.27	3.49	4.78	7.48	6.41
Current liabilities total	11.71	15.10	26.45	36.51	25.30
Balance sheet total (liabilities)	744.25	845.45	892.76	921.84	892.88

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