HBS Capital ApS — Credit Rating and Financial Key Figures

CVR number: 41000880

Energivej 15, Lindved 5260 Odense S

Income statement (mEUR)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	1 115.49	1 417.81	1 513.71	1 569.24	1 820.76
Other operating income	0.35	8.08	9.02	19.16	0.78
Costs of manufacturing	- 946.40	-1 146.92	-1 169.74	-1 197.87	-1 434.01
External services	-49.42	-95.76	- 122.97	- 122.67	- 119.11
Gross profit	120.02	183.21	230.02	267.86	268.41
Employee benefit expenses	-68.66	-92.20	- 128.21	- 144.83	- 147.70
Other operating expenses			-0.89	-0.64	-2.66
Total depreciation	-12.55	-36.52	-43.84	-49.11	-49.48
EBIT	38.81	54.49	57.07	73.27	68.58
Other financial income	10.66	12.32	6.27	10.97	4.57
Other financial expenses	-9.22	-25.46	-29.24	-57.12	-57.34
Net income from associates (fin.)	-1.19	1.29	-6.33	-0.75	-0.05
Pre-tax profit	39.06	42.65	27.77	26.37	15.76
Income taxes	-11.78	-9.00	-7.16	-6.92	-14.71
Net earnings	27.28	33.65	20.61	19.45	1.06

	2020	2021	2022	2023	2024
Development expenditure	14.62	24.37	20.64	24.72	23.84
Intangible rights	4.74	3.21	6.94	4.86	2.81
Goodwill	55.58	83.97	80.03	76.66	75.46
Intangible assets total	74.93	111.55	107.61	106.23	102.10
Land and waters	29.74	59.35	79.31	92.58	92.28
Buildings	11.49	50.41	43.79	43.33	43.57
Tangible assets total	41.23	109.76	123.10	135.91	135.85
Participating interests	9.07	9.94	6.10	5.65	5.05
Other non-current investments	13.43	429.78	410.98	388.83	366.59
Investments total	22.50	439.72	417.26	394.66	371.84
Non-curr. owed by particip. interest comp.			0.27
Non-current loans receivable	13.82	15.98	28.78	29.60	32.95
Long term receivables total	13.82	15.98	29.05	29.60	32.95
Raw materials and consumables	123.44	115.80	120.59	124.57	119.29
Finished products/goods	96.78	152.74	182.41	225.33	251.95
Advance payments	0.82	2.68	6.61	8.40	5.67
Inventories total	221.04	271.23	309.61	358.30	376.92
Current trade debtors	134.70	193.73	211.24	212.03	207.69
Current owed by particip. interest comp.			0.43
Prepayments and accrued income	6.50	4.43	5.00	7.76	7.73
Current other receivables	2.98	6.12	8.35	15.80	7.80
Current deferred tax assets	8.15	1.78	4.67	9.06	2.96
Short term receivables total	152.32	206.06	229.69	244.65	226.18
Other current investments	7.97	13.76	6.28	4.87	6.59
Cash and bank deposits	4.99	8.68	12.64	6.54	66.85
Cash and cash equivalents	12.95	22.43	18.92	11.41	73.44
Balance sheet total (assets)	538.80	1 176.73	1 235.24	1 280.77	1 319.28

	2020	2021	2022	2023	2024
Share capital	0.64	0.64	0.64	0.64	0.64
Asset revaluation reserve	0.79
Shares repurchased				5.00	6.00
Other reserves				-6.35	-7.24
Retained earnings	77.53	88.76	108.74	121.01	135.35
Profit of the financial year	27.28	33.65	20.61	19.45	1.06
Minority interest (BS)	86.92	100.68	106.36	114.35	111.13
Shareholders equity total	193.16	223.72	236.34	254.10	246.93
Provisions	9.00	68.15	58.72	43.88	43.24
Non-current loans from credit institutions	33.41	563.26	579.61	585.20	654.10
Non-current deferred tax liabilities	3.38	65.00	68.17	67.50	1.50
Non-current liabilities total	36.79	628.26	647.78	652.70	655.60
Current loans from credit institutions	186.31	67.17	101.04	105.18	146.77
Advances received					0.05
Current trade creditors	42.91	116.47	86.86	90.46	85.52
Short-term deferred tax liabilities	6.53	1.14	10.96	8.87	6.37
Other non-interest bearing current liabilities	64.11	71.82	93.55	125.59	134.80
Current liabilities total	299.85	256.59	292.41	330.09	373.51
Balance sheet total (liabilities)	538.80	1 176.73	1 235.24	1 280.77	1 319.28

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