DANX GROUP A/S — Credit Rating and Financial Key Figures

CVR number: 28665210

Vejleåvej 9, 2635 Ishøj

Income statement (mDKK)

	2015	2016	2017	2018	2019
Fiscal period length	12	12	12	12	12
Net sales	379.46	502.75	534.74	564.61	603.09
Other operating income					2.29
Purchases during the financial year	- 248.54	- 347.75	- 373.01	- 392.20	- 435.37
External services	-31.01	-35.38	-41.26	-51.73	-55.76
Gross profit	99.91	119.63	120.48	120.67	114.26
Employee benefit expenses	-66.38	-80.06	-78.42	-81.08	-90.14
Other operating expenses			-2.46
Total depreciation	-4.93	-7.47	-9.06	-3.34	-3.65
EBIT	28.60	32.09	30.54	36.26	20.46
Other financial income	0.35	1.36	1.14	0.17	1.43
Other financial expenses	-2.30	-2.67	-3.86	-1.14	-1.79
Net income from associates (fin.)	-0.12	0.09	-0.09	-0.22	-0.04
Pre-tax profit	26.53	30.87	27.73	35.07	20.06
Income taxes	-6.57	-7.43	-6.88	-6.83	-4.39
Net earnings	19.96	23.45	20.85	28.24	15.67

	2015	2016	2017	2018	2019
Intangible assets total
Land and waters	67.55	134.34
Machinery and equipment	9.93	10.87	7.96	8.45	8.77
Advance payments and construction in progress	7.47	4.82
Tangible assets total	84.95	150.04	7.96	8.45	8.77
Participating interests	0.61	0.70	0.88	0.65	0.68
Investments total	0.78	1.08	2.10	1.52	1.55
Non-current other receivables	0.03
Long term receivables total	0.03
Inventories total
Current trade debtors	66.64	81.66	87.20	90.33	85.86
Current amounts owed by group member comp.	0.06	1.12		11.20	39.23
Current owed by particip. interest comp.	0.11	0.11	0.11	0.62	0.11
Prepayments and accrued income	3.37	2.68	1.68	2.95	1.93
Current other receivables	5.33	11.16	9.16	4.39	3.20
Current deferred tax assets				1.97	2.67
Short term receivables total	75.51	96.71	98.15	111.47	133.01
Cash and bank deposits	9.19	5.26	4.92	26.63	24.26
Cash and cash equivalents	9.19	5.26	4.92	26.63	24.26
Balance sheet total (assets)	170.45	253.10	113.13	148.06	167.58

	2015	2016	2017	2018	2019
Share capital	0.64	0.64	0.64	0.64	0.64
Shares repurchased		10.00			38.00
Retained earnings	15.25	14.14	15.40	35.72	22.79
Profit of the financial year	19.96	23.45	20.85	28.24	15.67
Shareholders equity total	35.85	48.23	36.89	64.61	77.10
Provisions	2.80	3.78	2.38	3.17	2.87
Non-current loans from credit institutions	26.59	24.02
Non-current owed to group member	19.00	19.00
Non-current deferred tax liabilities				2.00	2.47
Non-current liabilities total	45.59	43.02		2.00	2.47
Current loans from credit institutions	24.77	88.10	0.07	0.07	0.08
Advances received	4.93	3.85	2.99
Current trade creditors	34.51	43.23	55.52	63.96	71.15
Current owed to group member	2.45	7.33
Short-term deferred tax liabilities	4.86	6.73	5.07	3.26	0.73
Other non-interest bearing current liabilities	14.70	8.83	10.19	10.99	13.18
Current liabilities total	86.22	158.07	73.85	78.29	85.14
Balance sheet total (liabilities)	170.45	253.10	113.13	148.06	167.58

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