Flair Group A/S - CVR: 12932375

2023, DKK

08.07.2024

Bruttoresultat

362''

Primær drift

-5.986'

Årets resultat

-7.060'

Aktiver

94.484'

Kortfristede aktiver

91.456'

Egenkapital

-1.406'

Afkastningsgrad

-6 %

Soliditetsgrad

-1 %

Likviditetsgrad

153 %

Resultat

08.07.2024

Årsrapport	2023 08.07.2024	2022 07.07.2023	2021 24.06.2022	2020 05.05.2021	2019 29.06.2020	2018 03.06.2019	2017 04.06.2018	2016 02.06.2017	2015 01.06.2016
Nettoomsætning	385.182.000	403.745.000	495.229.000	403.315.000	437.509.000	494.919.000	638.954.000	939.507.000	883.747.000
Bruttoresultat	361.828.000	372.424.000	467.611.000	369.986.000	402.941.000	452.299.000	596.144.000	891.554.000	0
Resultat af primær drift	-5.986.000	-11.190.000	-2.247.000	-16.741.000	-24.007.000	-48.625.000	-18.854.000	6.523.000	-8.223
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0	0	0	0	0	0
Finansielle indtægter	348.000	0	0	7.256.000	0	1.000	30.000	18.000	4.000
Finansieringsomkostninger	-1.422.000	-1.191.000	-1.404.000	-306.000	-183.000	-752.000	-1.148.000	-1.402.000	-536.000
Andre finansielle omkostninger	0	0	0	0	0	0	0	0	0
Resultat før skat	-7.060.000	-12.381.000	-3.651.000	-9.791.000	-24.190.000	-49.376.000	-19.972.000	5.139.000	5.189.000
Resultat	-7.060.000	-12.381.000	-3.752.000	-2.660.000	-24.190.000	-49.376.000	-29.717.000	5.139.000	5.196.000
Forslag til udbytte	0	0	0	0	0	0	0	0	0

Aktiver

08.07.2024

Årsrapport	2023 08.07.2024	2022 07.07.2023	2021 24.06.2022	2020 05.05.2021	2019 29.06.2020	2018 03.06.2019	2017 04.06.2018	2016 02.06.2017	2015 01.06.2016
Kortfristede varebeholdninger	0	0	0	0	0	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	79.076.000	74.627.000	111.728.000	100.415.000	96.182.000	95.356.000	128.761.000	197.614.000	191.593.000
Likvider	12.380.000	9.648.000	1.202.000	8.985.000	5.816.000	26.327.000	30.411.000	936.000	8.791.000
Kortfristede aktiver	91.456.000	84.275.000	112.930.000	109.400.000	101.998.000	121.683.000	159.172.000	198.550.000	200.384.000
Immaterielle aktiver og goodwill	1.516.000	2.386.000	2.360.000	2.215.000	2.661.000	3.952.000	3.285.000	2.617.000	3.122.000
Finansielle anlægsaktiver	1.082.000	1.108.000	1.005.000	942.000	2.357.000	2.336.000	1.350.000	11.508.000	10.906.000
Materielle aktiver	430.000	676.000	440.000	229.000	469.000	1.089.000	1.836.000	2.025.000	766.000
Langfristede aktiver	3.028.000	4.170.000	3.805.000	3.386.000	5.487.000	7.377.000	6.471.000	16.150.000	14.794.000
Aktiver	94.484.000	88.445.000	116.735.000	112.786.000	107.485.000	129.060.000	165.643.000	214.700.000	215.178.000

Aktiver

08.07.2024

Passiver

08.07.2024

Årsrapport	2023 08.07.2024	2022 07.07.2023	2021 24.06.2022	2020 05.05.2021	2019 29.06.2020	2018 03.06.2019	2017 04.06.2018	2016 02.06.2017	2015 01.06.2016
Forslag til udbytte	0	0	0	0	0	0	0	0	0
Egenkapital	-1.406.000	-12.935.000	-554.000	12.198.000	14.858.000	39.048.000	17.324.000	47.041.000	41.902.000
Hensatte forpligtelser	0	0	0	0	0	0	0	0	775.000
Langfristet gæld til banker	0	0	0	0	0	0	0	0	0
Anden langfristet gæld		36.266.000	34.903.000	35.582.000	13.245.000	0	0	0	0
Leverandører af varer og tjenesteydelser	17.824.000	7.202.000	8.400.000	18.131.000	8.861.000	8.014.000	8.414.000	9.287.000	6.653.000
Kortfristede forpligtelser	59.641.000	65.114.000	82.386.000	55.006.000	75.282.000	76.012.000	148.319.000	167.659.000	172.501.000
Gældsforpligtelser	0	0	0	0	0	0	0	0	172.501.000
Forpligtelser	0	0	0	0	0	0	0	0	172.501.000
Passiver	94.484.000	88.445.000	116.735.000	112.786.000	107.485.000	129.060.000	165.643.000	214.700.000	215.178.000

Passiver

08.07.2024

Nøgletal

08.07.2024

Årsrapport	2023 08.07.2024	2022 07.07.2023	2021 24.06.2022	2020 05.05.2021	2019 29.06.2020	2018 03.06.2019	2017 04.06.2018	2016 02.06.2017	2015 01.06.2016
Afkastningsgrad	-6,3 %	-12,7 %	-1,9 %	-14,8 %	-22,3 %	-37,7 %	-11,4 %	3,0 %	0,0 %
Dækningsgrad	93,9 %	92,2 %	94,4 %	91,7 %	92,1 %	91,4 %	93,3 %	94,9 %	Na.
Resultatgrad	-1,8 %	-3,1 %	-0,8 %	-0,7 %	-5,5 %	-10,0 %	-4,7 %	0,5 %	0,6 %
Varelagerets omsætningshastighed	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.
Egenkapitals-forretning	502,1 %	95,7 %	677,3 %	-21,8 %	-162,8 %	-126,4 %	-171,5 %	10,9 %	12,4 %
Payout-ratio	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	-421,0 %	-939,5 %	-160,0 %	-5.470,9 %	-13.118,6 %	-6.466,1 %	-1.642,3 %	465,3 %	-1,5 %
Soliditestgrad	-1,5 %	-14,6 %	-0,5 %	10,8 %	13,8 %	30,3 %	10,5 %	21,9 %	19,5 %
Likviditetsgrad	153,3 %	129,4 %	137,1 %	198,9 %	135,5 %	160,1 %	107,3 %	118,4 %	116,2 %

Resultat

08.07.2024

Gæld

08.07.2024

Årsrapport

08.07.2024

Nyeste:01.01.2023- 31.12.2023(offentliggjort: 08.07.2024)

Information om virksomhedens regnskabsklasse:The annual report of Flair Group A/S for 2023 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to large reporting class C entities.

Oplysning om eventualaktiver:The Company's tax loss carry-forwards total DKK 207. 289 thousand (2022: DKK 201,843 thousand). The nominal value totals DKK 45. 603 thousand (2022: DKK 44,405 thousand) using a tax rate of 22% (2022: 22%). The Company's deferred tax asset has not been recognised in the balance sheet due to uncertainty as to the future utilisation of the tax losses.

Beretning

08.07.2024

Dato for ledelsens godkendelse af årsrapporten:2024-07-05

Oplysning om usædvanlige forhold:As of 31 December 2023, the equity is negative by DKK 1. 4 million. The equity being less than 50% of the share capital, the company is subject to the Company’s Act § 119 on loss of share capital. For 2024, a loss of DKK around 3. 5 to 4 million is expected, consequently the company’s equity is expected to be negative by around DKK 4. 9 to 5. 4 million as of 31 December 2024. The equity is expected to be reestablished end 2025 through the business of the company, following the ongoing transformation of the company’s business, which is expected to increase revenue and bring efficiencies, reaching breakeven end of 2024. In terms of liquidity, a cash deposit is expected to be released in September 2024. If released later, it can, for the period until release of the deposit, impact the company’s capability of paying its liabilities as they fall due.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Flair Group A/S for the financial year 1 January - 31 December 2023.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Flair Group (hereinafter referred as the Company) main business in terms of revenue and gross margin is B2B temporary staffing, with recruitment and human-centric consultancy services contributing in smaller extent to revenue, but in higher extent to gross margin. Company provides services mostly for Danish businesses, including international businesses with operations in Denmark, covering most of industries and therefore with low risk of exposure to one industry or business sector only, with a smaller part of services being provided to governmental clients or international businesses located overseas. The industries in which the company do business include everything from office, canteen, storage, construction, IT and sales ect. In addition to the mentions industries, the Company is also providing healthcare services including personal care, support, monitoring to citizens with the need for assistance, thus providing personal assistance to the major municipalities in Denmark. During 2023 it was agreed between shareholders of the Company that Adecco Group AG, holding 33. 33% of the shares issued by the Company will exit the business and sell its equity to Avanta Intermare Holding UK, shareholder since 2021, with 66. 67% of the shares issued by the Company. This transaction determined an orderly disconnection of the Company from certain of Adecco Group systems and activities, while still participating in certain Adecco Group global tenders and offers, and being referred business by Adecco Group, this being beneficial for overall sales. Simultaneously, it has been conducted the rebranding from Adecco to Flair Group, and this has been successful, as rebranding did not have negative impact on existing business and sales. Going forwards, Company is adding emphasis to white collar temporary business, answering market needs and being more rewarding, in certain cases, depending upon labor dynamics, and with lower liability exposure, and in addition to its current temporary staffing business, to recruitment, with higher margins and lesser capital needs and additional related higher value services (outplacement, payrolling, outsourcing). Management-wise, the above mentioned actions determined a mostly volunteer departure of several manager, certain of them in supervisory and coordination position, with colleagues taking more leadership roles. Separation from CEO was conducted in November, with CFO being CEO for a brief period and then having the Chairman of Supervisory Board taking the interim CEO role.