HOFOR VIND A/S — Credit Rating and Financial Key Figures

CVR number: 33354304
Ørestads Boulevard 35, 2300 København S
tel: 33953395

Company information

Official name
HOFOR VIND A/S
Established
2010
Company form
Limited company
Industry

About HOFOR VIND A/S

HOFOR VIND A/S (CVR number: 33354304) is a company from KØBENHAVN. The company reported a net sales of 159.2 mDKK in 2024, demonstrating a decline of -58.6 % compared to the previous year. The operating profit percentage was at 19.3 % (EBIT: 30.8 mDKK), while net earnings were 9769 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.9 %, which can be considered weak but Return on Equity (ROE) was 11 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 6.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. HOFOR VIND A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales123.92- 114.66152.60384.44159.21
Gross profit28.78- 238.6480.90168.1177.84
EBIT-13.87- 282.9437.97125.1830.75
Net earnings-6.89- 225.7029.7771.819.77
Shareholders equity total117.11-83.4841.4689.1888.04
Balance sheet total (assets)1 012.311 015.731 023.541 186.391 356.73
Net debt973.301 207.51
Profitability
EBIT-%-11.2 %24.9 %32.6 %19.3 %
ROA-1.5 %-26.8 %3.6 %13.6 %2.9 %
ROE-5.4 %-1342.2 %-141.7 %109.9 %11.0 %
ROI-1.5 %-26.8 %3.6 %13.7 %2.9 %
Economic value added (EVA)-20.81- 288.8342.1686.80-34.21
Solvency
Equity ratio100.0 %100.0 %7.5 %6.5 %
Gearing1092.1 %1372.5 %
Relative net indebtedness %271.7 %764.7 %
Liquidity
Quick ratio0.30.1
Current ratio0.30.1
Cash and cash equivalents0.690.78
Capital use efficiency
Trade debtors turnover (days)8.16.9
Net working capital %-95.2 %-375.5 %
Credit risk
Credit ratingBBBBBBBBAAA

Variable visualization

ROA:2.91%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:6.49%
Rating: 7/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer

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