JPS CLEMENS A/S — Credit Rating and Financial Key Figures

CVR number: 28119062

Thyrasgade 4, 8260 Viby J

tel: 25520400

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	410.61	434.19	406.18	390.73	390.31
Other operating income	0.41	2.08	2.42	1.13	2.51
Costs of manufacturing	- 224.79	- 230.17	- 206.71	- 179.37	- 185.44
External services	-36.45	-41.06	-41.86	-45.42	-48.35
Gross profit	149.78	165.05	160.02	167.07	159.03
Employee benefit expenses	-98.30	- 108.57	- 113.03	- 120.60	- 116.14
Other operating expenses	-0.86	-1.72	-1.88	-2.33	-2.50
Total depreciation	-11.18	-14.06	-17.85	-19.27	-21.36
EBIT	39.44	40.70	27.27	24.86	19.03
Other financial income	0.13	0.89	1.44	2.88	1.65
Other financial expenses	-4.40	-4.42	-8.08	-10.96	-8.31
Net income from associates (fin.)	-0.47	1.11	0.07	0.13	-0.09
Pre-tax profit	34.70	38.28	20.70	16.91	12.29
Income taxes	-7.60	-7.21	-5.08	-4.21	-3.49
Net earnings	27.11	31.07	15.62	12.71	8.79

	2020	2021	2022	2023	2024
Development expenditure	0.23	0.13	0.04	0.19	0.49
Intangible rights	0.63	0.87	1.67	2.59	3.59
Goodwill	8.93	17.02	14.29	11.65	12.68
Intangible assets total	9.79	18.02	16.00	14.42	16.75
Land and waters	64.01	74.37	74.47	70.79	102.85
Buildings	34.31	20.77	53.97	50.27	66.23
Machinery and equipment	19.08	25.87	23.38	21.73	19.38
Advance payments and construction in progress	4.23	32.18	5.16	10.23	2.86
Tangible assets total	121.63	153.19	156.98	153.02	191.32
Participating interests	1.71	2.82	2.89	3.03	2.94
Other non-current investments	1.54	1.20	0.76	0.66	0.43
Investments total	3.39	4.22	4.04	4.55	4.29
Non-current other receivables					0.21
Long term receivables total					0.21
Semifinished products	18.06	26.20	16.02	22.41	24.06
Raw materials and consumables	21.35	39.89	41.27	37.63	35.55
Finished products/goods	31.19	46.54	48.14	37.24	38.00
Advance payments	1.63	0.80	5.00	0.86	1.77
Inventories total	72.23	113.43	110.43	98.14	99.38
Current trade debtors	61.52	74.57	52.26	51.15	54.06
Current amounts owed by group member comp.	0.27	0.55	0.01		0.02
Prepayments and accrued income	1.84	1.93	2.36	3.36	4.77
Current other receivables	10.21	9.87	9.51	7.22	10.17
Short term receivables total	73.84	86.93	64.15	61.72	69.03
Cash and bank deposits	9.36	2.51	4.12	3.97	7.08
Cash and cash equivalents	9.36	2.51	4.12	3.97	7.08
Balance sheet total (assets)	290.24	378.29	355.73	335.82	388.06

	2020	2021	2022	2023	2024
Share capital	0.67	0.67	0.67	0.67	0.67
Shares repurchased		10.00	4.00		3.00
Other reserves		0.13	0.26	0.46	0.39
Retained earnings	48.97	50.45	75.64	89.51	97.90
Profit of the financial year	27.11	31.07	15.62	12.71	8.79
Minority interest (BS)	12.10	9.21	10.84	12.34	10.66
Shareholders equity total	88.85	101.52	107.03	115.68	121.41
Provisions	7.44	3.97	4.60	4.63	5.42
Non-current loans from credit institutions	26.94	65.10	63.08	52.23	74.89
Non-current leasing loans	1.89	1.39	3.21	2.14	1.37
Non-current accruals and deferred income	1.16	1.02	0.90	0.75	0.62
Non-current deferred tax liabilities	10.87	15.88	12.11	10.08	10.43
Non-current liabilities total	40.86	83.40	79.29	65.20	87.31
Current loans from credit institutions	46.76	68.57	41.38	40.17	70.17
Advances received	0.27	0.33	0.01		0.59
Current trade creditors	31.14	30.59	27.98	24.32	22.39
Current owed to participating	1.56	1.68	1.57	1.48	1.48
Current owed to group member	43.16	53.05	70.88	56.84	55.07
Short-term deferred tax liabilities	4.74	7.00	5.89	4.03	2.63
Other non-interest bearing current liabilities	22.99	28.05	16.95	23.32	21.44
Accruals and deferred income	2.47	0.14	0.14	0.14	0.14
Current liabilities total	153.10	189.40	164.80	150.31	173.91
Balance sheet total (liabilities)	290.24	378.29	355.73	335.82	388.06

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