Solina Denmark A/S — Credit Rating and Financial Key Figures

CVR number: 34077444

Niels Bohrs Vej 55, Stilling 8660 Skanderborg

info@solina-group.dk

tel: 89267877

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales	304.81	319.42	350.36
Other operating income		0.99	0.45
Costs of manufacturing	- 217.60	- 226.21	- 252.51
Gross profit	87.21	93.21	97.85	98.70	101.16
Costs of management	-21.01	-25.96	-24.81	-26.70	-25.48
Costs of distribution	-42.95	-45.81	-50.13	-52.35	-53.44
EBIT	23.25	22.43	23.36	19.65	22.25
Other financial income	0.05	0.05	0.64	0.50	1.53
Other financial expenses	-0.49	-0.74	-2.70	-4.42	-6.92
Net income from associates (fin.)	2.50	4.18	1.19	-3.56
Pre-tax profit	25.31	25.93	22.49	12.17	16.86
Income taxes	-4.96	-4.81	-4.65	-3.59	-3.78
Net earnings	20.35	21.12	17.83	8.58	13.07

	2020	2021	2022	2023	2024
Development expenditure	3.69	3.55	4.53	6.48	8.22
Intangible assets total	3.69	3.55	4.53	6.48	8.22
Buildings	12.77	8.59	7.20	6.41	4.94
Machinery and equipment	0.76	0.47	0.33	0.35	0.13
Advance payments and construction in progress		2.18	2.18	0.94	6.06
Tangible assets total	13.53	11.24	9.71	7.70	11.13
Holdings in group member companies	7.07	5.87	6.71	2.77	87.43
Investments total	9.59	8.44	9.33	5.52	93.12
Long term receivables total
Raw materials and consumables	28.90	35.01	54.14	38.94	44.51
Finished products/goods	12.71	12.57	12.34	15.97	12.46
Inventories total	41.62	47.58	66.48	54.91	56.97
Current trade debtors	42.45	50.01	50.10	49.65	47.90
Current amounts owed by group member comp.	22.04	8.30	1.63	27.04	47.59
Prepayments and accrued income	1.52	1.61	0.69	1.47	0.84
Current other receivables	0.11	0.22	0.17	2.47	0.34
Current deferred tax assets			0.74		0.72
Short term receivables total	66.13	60.15	53.32	80.63	97.40
Cash and bank deposits	12.36	29.55	25.26	18.29	1.96
Cash and cash equivalents	12.36	29.55	25.26	18.29	1.96
Balance sheet total (assets)	146.91	160.51	168.62	173.53	268.80

	2020	2021	2022	2023	2024
Share capital	0.50	0.50	0.50	0.50	0.50
Shares repurchased	15.00	72.50
Other reserves	6.82	5.51	7.11	5.05	6.41
Retained earnings	53.09	2.71	21.88	41.40	48.62
Profit of the financial year	20.35	21.12	17.83	8.58	13.07
Shareholders equity total	95.77	102.34	47.33	55.53	68.61
Provisions	0.98	0.67	0.76	1.32	1.61
Non-current owed to group member			70.82	70.26	80.58
Non-current deferred tax liabilities	5.31
Non-current liabilities total	5.31		70.82	70.26	80.58
Current loans from credit institutions	1.68	0.25	2.90	0.16	14.38
Current trade creditors	23.81	30.85	29.47	28.97	27.99
Current owed to group member	4.09	8.48	1.74	0.99	64.16
Short-term deferred tax liabilities	0.83	5.13	5.01	3.03	1.71
Other non-interest bearing current liabilities	14.44	12.80	10.60	13.27	9.76
Current liabilities total	44.86	57.50	49.71	46.42	118.00
Balance sheet total (liabilities)	146.91	160.51	168.62	173.53	268.80

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