EUROPEAN WIND FARMS A/S — Credit Rating and Financial Key Figures

CVR number: 28501838
Gyngemose Parkvej 50, 2860 Søborg
tel: 86708216

Credit rating

Company information

Official name
EUROPEAN WIND FARMS A/S
Established
2005
Company form
Limited company
Industry

About EUROPEAN WIND FARMS A/S

EUROPEAN WIND FARMS A/S (CVR number: 28501838) is a company from GLADSAXE. The company recorded a gross profit of 2.1 kEUR in 2023. The operating profit was 2.1 kEUR, while net earnings were 1097.1 kEUR. The profitability of the company measured by Return on Assets (ROA) was 12.5 %, which can be considered good but Return on Equity (ROE) was 46.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 8.6 %, 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. EUROPEAN WIND FARMS A/S's liquidity measured by quick ratio was 3.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Gross profit (kEUR)

EBIT (kEUR)

Profitability

Solidity

Key figures (kEUR)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit12.4111.522.57-3.532.06
EBIT12.4111.522.57-3.532.06
Net earnings1 894.39347.45- 121.65-6.911 097.13
Shareholders equity total6 388.746 730.593 371.943 371.861 320.59
Balance sheet total (assets)8 423.6210 956.209 032.3912 171.2215 302.41
Net debt411.19- 705.20692.67-2 270.612 690.00
Profitability
EBIT-%
ROA36.9 %11.1 %1.3 %8.0 %12.5 %
ROE29.8 %5.3 %-2.4 %-0.2 %46.8 %
ROI37.1 %11.1 %1.3 %8.2 %13.1 %
Economic value added (EVA)- 108.4775.6582.73274.88440.25
Solvency
Equity ratio75.8 %61.4 %37.3 %27.7 %8.6 %
Gearing13.0 %1.3 %32.0 %31.6 %235.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.54.03.86.03.1
Current ratio0.54.03.86.03.1
Cash and cash equivalents420.87793.44384.763 335.84423.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBABBB

Variable visualization

ROA:12.5%
Rating: 62/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:8.63%
Rating: 9/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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