TSG Group A/S — Credit Rating and Financial Key Figures

CVR number: 29628556

Beddingen 11, 9000 Aalborg

Income statement (mDKK)

	2019	2020	2021	2022	2023
Fiscal period length	12	12	12	12	12
Net sales	276.28	418.66	675.98	329.83	142.26
Change in finished goods inventory					1.50
Other operating income				0.49	5.20
Purchases during the financial year				- 355.20	- 117.95
External services				-21.99	-14.94
Rents				-5.48	-5.95
Gross profit	276.28	418.66	675.98	-52.36	7.12
Employee benefit expenses				-5.11	-6.22
Other operating expenses					-15.13
Total depreciation				-1.03	- 130.37
Reduction in value of non-current assets				97.74	35.49
EBIT	61.93	47.00	55.11	39.24	- 109.10
Other financial income				6.29	5.35
Other financial expenses				-29.80	-34.34
Reduction non-current investment assets					-0.22
Income from other inv. held as non-curr. assets					0.01
Net income from associates (fin.)				1.77	-0.48
Pre-tax profit	38.44	35.45	22.37	17.50	- 138.79
Income taxes				-10.85	11.96
Net earnings	38.44	35.45	22.37	6.66	- 126.83

	2019	2020	2021	2022	2023
Intangible assets total
Land and waters				25.30	15.13
Buildings				492.09	883.15
Machinery and equipment				3.97	3.52
Tangible assets total				521.36	901.81
Participating interests				11.93	4.98
Investments total	830.36	1 232.06	1 147.03	12.36	5.05
Non-current loans receivable				0.47	0.47
Non-current other receivables				0.35	0.35
Long term receivables total				0.82	0.83
Semifinished products				235.03	153.66
Raw materials and consumables				70.51	24.38
Finished products/goods				1.50
Inventories total				307.04	178.04
Current trade debtors				4.12	2.96
Current owed by particip. interest comp.				10.12	9.03
Prepayments and accrued income				0.32	0.38
Current other receivables				7.59	53.65
Current deferred tax assets					11.55
Short term receivables total				22.15	77.57
Other current investments					0.20
Cash and bank deposits			73.08	18.26	9.36
Cash and cash equivalents			73.08	18.26	9.55
Balance sheet total (assets)	830.36	1 232.06	1 220.11	881.97	1 172.85

	2019	2020	2021	2022	2023
Share capital	253.16	287.66	308.06	0.50	0.50
Asset revaluation reserve				5.98
Shares repurchased				1.00
Retained earnings	-38.44	-35.45	-22.37	295.41	307.81
Profit of the financial year	38.44	35.45	22.37	6.66	- 126.83
Minority interest (BS)				3.21	3.89
Shareholders equity total	253.16	287.66	308.06	312.75	185.37
Provisions			-12.18	2.65
Non-current loans from credit institutions				203.07	491.19
Non-current owed to participating				2.50	2.50
Non-current deferred tax liabilities				0.29	9.93
Non-current liabilities total				205.86	503.62
Current loans from credit institutions				316.88	282.42
Advances received					4.00
Current trade creditors				17.48	69.87
Current owed to participating				10.87	10.12
Short-term deferred tax liabilities				1.37	3.11
Other non-interest bearing current liabilities				11.93	114.30
Accruals and deferred income				2.17	0.04
Current liabilities total				360.71	483.85
Balance sheet total (liabilities)	253.16	287.66	295.88	881.97	1 172.85

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