SØSTRENE GRENES IMPORT A/S — Credit Rating and Financial Key Figures

CVR number: 76220115

Åboulevarden 21 C, 8000 Aarhus C

finance@sostrenegrene.com

tel: 87343810

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	881.61	1 188.36	1 287.38	1 551.98	1 871.13
Manufacturing for enterprise's own use					5.33
Other operating income	17.75	18.51	23.37	27.38	35.20
Costs of manufacturing	- 514.80	- 676.30	- 755.85	- 858.80	-1 037.72
External services	- 121.72	- 152.88	- 163.24	- 237.89	- 325.72
Gross profit	262.84	377.69	391.66	482.67	548.21
Employee benefit expenses	- 156.49	- 191.91	- 207.92	- 200.67	- 246.37
Other operating expenses	-5.12	-6.92	-12.30	-49.67	-99.39
Total depreciation	-16.51	-17.14	-22.70	-26.85	-39.33
EBIT	84.71	161.73	148.75	205.47	163.12
Other financial income	7.38	17.23	23.10	9.78	64.48
Other financial expenses	-9.12	-12.05	-14.06	-18.46	-59.01
Net income from associates (fin.)	0.46	0.28	0.39	0.46	-0.82
Pre-tax profit	83.43	167.18	158.17	197.24	167.78
Income taxes	-18.50	-36.80	-34.49	-39.99	-40.54
Net earnings	64.94	130.39	123.69	157.25	127.24

	2020	2021	2022	2023	2024
Development expenditure				14.93	64.92
Intangible rights	28.93	34.56	38.01	45.59	47.81
Intangible assets total	28.93	34.56	38.01	60.52	112.73
Land and waters	208.25	207.99	205.77	203.42	200.01
Buildings	0.64	1.29	1.18	4.64	5.57
Machinery and equipment	15.88	15.63	16.45	14.87	19.16
Tangible assets total	224.78	224.92	223.40	222.94	224.74
Holdings in group member companies	1.70	2.14	2.39	2.81	1.88
Investments total	10.02	8.83	10.98	16.02	14.40
Non-curr. owed by group member comp.	13.26	0.10
Non-current other receivables	3.02	2.08	1.31	0.55	0.55
Long term receivables total	16.28	2.18	1.31	0.55	0.55
Finished products/goods	148.49	168.12	164.33	175.36	231.97
Advance payments	1.42
Inventories total	149.91	168.12	164.33	175.36	231.97
Current trade debtors	24.71	23.04	22.66	13.42	13.91
Current amounts owed by group member comp.	228.87	192.74	92.75	153.26	297.03
Prepayments and accrued income	6.92	8.04	11.48	15.84	17.25
Current other receivables	4.91	48.12	71.26	113.76	54.14
Short term receivables total	265.40	271.94	198.14	296.28	382.33
Cash and bank deposits	10.37	83.13	67.71	20.40	36.42
Cash and cash equivalents	10.37	83.13	67.71	20.40	36.42
Balance sheet total (assets)	705.69	793.68	703.88	792.07	1 003.14

	2020	2021	2022	2023	2024
Share capital	0.51	0.51	0.51	0.51	0.51
Shares repurchased	30.00	200.00	125.00	90.00	60.00
Other reserves		10.85	-4.44	13.13	43.53
Retained earnings	229.41	99.51	111.88	134.28	191.56
Profit of the financial year	64.94	130.39	123.69	157.25	127.24
Shareholders equity total	324.86	441.26	356.63	395.17	422.84
Provisions	10.94	12.98	15.48	20.52	34.00
Non-current loans from credit institutions	162.38	107.81	89.29	74.78	127.07
Non-current leasing loans	16.77	14.10	16.49	10.94	9.99
Non-current other liabilities	0.07
Non-current deferred tax liabilities	8.04	8.21	8.35	8.87	8.86
Non-current liabilities total	187.26	130.12	114.12	94.59	145.92
Current loans from credit institutions	48.95	15.70	14.49	51.00	105.12
Current trade creditors	99.29	142.06	152.93	178.72	224.14
Current owed to group member	0.52	1.51	0.81	1.54	8.31
Short-term deferred tax liabilities	12.18	15.75	25.94	33.07	18.26
Other non-interest bearing current liabilities	21.70	34.31	23.47	17.45	44.56
Current liabilities total	182.64	209.33	217.64	281.78	400.39
Balance sheet total (liabilities)	705.69	793.68	703.88	792.07	1 003.14

CreditReports API