POLEN INVEST A/S — Credit Rating and Financial Key Figures

CVR number: 16988774

Solvænget 21, 7400 Herning

ole@poleninvest.dk

tel: 60432765

www.poleninvest.dk

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	1 643.92	1 463.40	1 292.10	1 572.84	2 039.08
Change in finished goods inventory				- 175.22	-39.63
Other operating income				32.37	44.32
Purchases during the financial year				-1 106.34	-1 252.60
External services				-53.22	-58.35
Gross profit	458.66	323.96	290.43	468.98	640.20
Employee benefit expenses				- 265.75	- 291.92
Total depreciation				- 154.56	- 120.82
EBIT	192.66	53.50	43.02	200.55	399.34
Other financial income				3.19	32.34
Other financial expenses				-97.93	-72.54
Pre-tax profit				105.81	359.00
Income taxes				-0.41	-0.49
Profit/loss from discontinued operations				-77.92
Net earnings				27.48	358.52

	2019	2020	2021	2022	2023
Intangible rights				10.58	7.00
Intangible assets total				10.58	7.00
Land and waters				780.82	834.47
Buildings				183.44	175.35
Machinery and equipment				73.79	79.09
Advance payments and construction in progress				145.88	160.53
Other tangible assets				114.85	114.37
Tangible assets total				1 298.79	1 363.81
Participating interests				1.00	1.00
Other non-current investments				-0.00
Investments total	2 882.73	2 470.86	2 676.89	1.00	1.00
Non-current loans receivable				11.43	10.17
Long term receivables total				11.43	10.17
Semifinished products				69.49	61.36
Raw materials and consumables				261.86	315.61
Other stocks				373.79	279.76
Finished products/goods				0.00
Inventories total				705.14	656.74
Current trade debtors				93.50	163.64
Current owed by particip. interest comp.				6.87	7.21
Prepayments and accrued income				23.64	21.85
Current other receivables				51.64	50.79
Short term receivables total				175.65	243.49
Cash and bank deposits				154.53	378.03
Cash and cash equivalents				154.53	378.03
Balance sheet total (assets)	2 882.73	2 470.86	2 676.89	2 357.12	2 660.23

	2022	2023
Share capital	37.00	37.00
Shares repurchased		27.14
Other reserves		-0.78
Retained earnings	1 029.74	1 018.91
Profit of the financial year	27.48	358.52
Minority interest (BS)	95.81	132.35
Shareholders equity total	1 190.03	1 573.14
Provisions	2.85	3.21
Non-current loans from credit institutions	844.42	789.87
Non-current accruals and deferred income	3.13	2.32
Non-current other liabilities	2.86	3.21
Non-current liabilities total	850.41	795.40
Current loans from credit institutions	114.15	80.73
Current trade creditors	138.98	137.18
Other non-interest bearing current liabilities	60.76	71.82
Accruals and deferred income	2.79	1.96
Current liabilities total	316.68	291.69
Balance sheet total (liabilities)	2 359.97	2 663.44

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