PALSGAARD SPÆR A/S — Credit Rating and Financial Key Figures

CVR number: 28971109

Palsgårdvej 5, Gl Hampen 7362 Hampen

palsgaardgruppen@palsgaardgruppen.dk

tel: 75757416

www.palsgaardgruppen.dk

Income statement (mDKK)

	2020	2021	2022	2023	2024
Fiscal period length	12	12	12	12	12
Net sales		412.66	436.27	304.14	264.00
Manufacturing for enterprise's own use				1.42	1.16
Other operating income		5.30	4.72	5.00	6.64
Purchases during the financial year		- 171.00	- 170.44	- 101.29	-90.58
External services		-61.69	-75.44	-68.27	-64.66
Gross profit	118.41	185.27	195.11	141.00	116.57
Employee benefit expenses	-92.60	- 118.76	- 123.93	- 103.41	- 102.79
Other operating expenses			-0.01
Total depreciation	-5.01	-7.53	-9.03	-12.65	-14.02
EBIT	20.80	58.98	62.14	24.94	-0.23
Other financial income	0.63	0.61	1.96	1.10	2.67
Other financial expenses	-0.83	-1.12	-1.35	-2.19	-6.13
Net income from associates (fin.)	2.26	2.09	-2.22	-5.63	-4.82
Pre-tax profit	22.85	60.55	60.52	18.22	-8.52
Income taxes	-4.44	-12.76	-13.82	-5.21	0.51
Net earnings	18.41	47.79	46.70	13.01	-8.01

	2020	2021	2022	2023	2024
Development expenditure					21.09
Intangible rights	3.91	6.69	13.13	20.73	2.35
Goodwill	1.39	1.19	17.97	16.03	14.09
Intangible assets total	5.30	7.88	31.09	36.75	37.53
Land and waters			4.94	5.15	4.86
Buildings	36.41	35.95	38.87	34.19	26.48
Machinery and equipment	4.31	3.56	4.57	4.14	2.49
Advance payments and construction in progress	0.09	0.71	2.01		0.32
Tangible assets total	40.81	40.21	50.39	43.47	34.15
Holdings in group member companies	12.24	13.99	16.02	17.35	90.68
Investments total	12.54	14.29	17.32	17.99	91.29
Non-curr. owed by group member comp.	10.36	15.96	17.94	13.19	6.33
Long term receivables total	10.36	15.96	17.94	13.19	6.33
Raw materials and consumables	21.91	38.09	31.99	30.58	32.08
Inventories total	21.91	38.09	31.99	30.58	32.08
Current trade debtors	9.00	49.39	37.21	28.48	39.70
Current amounts owed by group member comp.	9.99	5.62	30.40	6.75	5.53
Prepayments and accrued income	0.68	0.68	0.71	1.24	1.59
Current other receivables	5.75	15.99	7.68	8.13	9.97
Current deferred tax assets	0.59			0.19
Short term receivables total	26.01	71.69	76.01	44.80	56.79
Cash and bank deposits	5.69	0.76	23.22	6.05	0.67
Cash and cash equivalents	5.69	0.76	23.22	6.05	0.67
Balance sheet total (assets)	122.61	188.88	247.97	192.84	258.83

	2020	2021	2022	2023	2024
Share capital	4.00	4.00	4.05	4.05	4.05
Shares repurchased	15.00		55.00	25.00
Other reserves	11.84	13.65	-14.32	17.46	34.23
Retained earnings	14.13	31.97	23.36	43.80	38.61
Profit of the financial year	18.41	47.79	46.70	13.01	-8.01
Shareholders equity total	63.38	97.40	114.79	103.32	68.88
Provisions	3.34	4.90	6.82	9.28	7.81
Non-current loans from credit institutions	1.60		10.79	8.26	34.29
Non-current leasing loans	6.79	6.16	4.71	6.45	4.24
Non-current other liabilities			7.11	6.14	6.28
Non-current deferred tax liabilities	7.46	7.85
Non-current liabilities total	15.86	14.01	22.61	20.84	44.81
Current loans from credit institutions	5.44	4.47	4.23	7.70	39.09
Advances received	0.02	0.25	0.07
Current trade creditors	4.71	8.31	9.38	7.77	10.19
Current owed to group member	0.17	12.40	49.52	16.47	59.92
Short-term deferred tax liabilities		0.43	0.56		0.35
Other non-interest bearing current liabilities	29.70	46.70	39.98	27.45	27.78
Current liabilities total	40.04	72.56	103.75	59.39	137.33
Balance sheet total (liabilities)	122.61	188.88	247.97	192.84	258.83

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