WÄRTSILÄ DANMARK A/S - CVR: 14281746

2022, DKK

23.05.2023

Bruttoresultat

103''

Primær drift

28.256'

Årets resultat

21.713'

Aktiver

123''

Kortfristede aktiver

116''

Egenkapital

42.437'

Afkastningsgrad

23 %

Soliditetsgrad

35 %

Likviditetsgrad

151 %

Resultat

23.05.2023

Årsrapport	2022 23.05.2023	2021 30.06.2022	2020 29.06.2021	2019 19.06.2020	2018 31.05.2019	2017 07.05.2018	2016 22.05.2017	2015 25.04.2016
Nettoomsætning		386.769.000	348.837.000	301.951.000	290.380.000	289.465.000	290.041.000	361.948.000
Bruttoresultat	102.864.000	101.662.000	98.890.000	82.291.000	76.388.000	72.349.000	71.620.000	72.541.000
Bruttoresultat	102.864.000	0	0	0	0	0	0	0
Resultat af primær drift	28.256.000	26.804.000	24.056.000	13.088.000	8.216.000	9.142.000	7.827.000	9.753.000
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0	0	0	0	0
Finansielle indtægter	1.318.000	206.000	152.000	99.000	846.000	13.000	87.000	1.196.000
Finansieringsomkostninger	-1.672.000	0	-1.127.000	-574.000	-547.000	-601.000	-296.000	-251.000
Andre finansielle omkostninger	0	-862.000	0	0	0	0	0	0
Resultat før skat	27.902.000	26.148.000	23.081.000	12.613.000	8.515.000	8.554.000	7.618.000	10.698.000
Resultat	21.713.000	20.776.000	21.261.000	12.185.000	8.895.000	8.452.000	7.712.000	9.992.000
Forslag til udbytte	-20.000.000	-21.000.000	-19.000.000	-12.000.000	-9.000.000	-9.000.000	-8.000.000	-10.000.000

Aktiver

23.05.2023

Årsrapport	2022 23.05.2023	2021 30.06.2022	2020 29.06.2021	2019 19.06.2020	2018 31.05.2019	2017 07.05.2018	2016 22.05.2017	2015 25.04.2016
Kortfristede varebeholdninger	1.933.000	1.075.000	3.340.000	5.060.000	4.713.000	4.472.000	8.003.000	24.653.000
Kortfristede tilgodehavender fra salg og tjenesteydelser	73.362.000	85.949.000	122.207.000	111.077.000	89.839.000	75.101.000	49.702.000	62.810.000
Likvider	40.793.000	81.242.000	46.150.000	16.511.000	23.371.000	42.623.000	29.973.000	36.586.000
Kortfristede aktiver	116.088.000	168.266.000	171.697.000	132.648.000	117.923.000	122.196.000	87.678.000	124.049.000
Immaterielle aktiver og goodwill	6.720.000	0	0	0	0	0	0	0
Finansielle anlægsaktiver	0	0	0	0	0	0	0	0
Materielle aktiver	0	6.897.000	8.614.000	10.658.000	1.814.000	1.824.000	2.339.000	0
Langfristede aktiver	6.720.000	6.897.000	8.614.000	10.658.000	1.814.000	1.824.000	2.339.000	2.138.000
Aktiver	122.808.000	175.163.000	180.311.000	143.306.000	119.737.000	124.020.000	90.017.000	126.187.000

Aktiver

23.05.2023

Passiver

23.05.2023

Årsrapport	2022 23.05.2023	2021 30.06.2022	2020 29.06.2021	2019 19.06.2020	2018 31.05.2019	2017 07.05.2018	2016 22.05.2017	2015 25.04.2016
Forslag til udbytte	20.000.000	21.000.000	19.000.000	12.000.000	9.000.000	9.000.000	8.000.000	10.000.000
Egenkapital	42.437.000	41.724.000	39.948.000	30.687.000	27.502.000	20.404.000	19.952.000	22.240.000
Hensatte forpligtelser	1.836.000	1.934.000	1.404.000	73.000	3.936.000	13.857.000	13.892.000	13.431.000
Langfristet gæld til banker	0	0	0	0	0	0	0	0
Anden langfristet gæld		0	0	2.201.000	0	0	0	0
Leverandører af varer og tjenesteydelser	2.756.000	2.166.000	3.069.000	3.523.000	2.609.000	1.797.000	1.335.000	1.644.000
Kortfristede forpligtelser	76.878.000	128.768.000	134.243.000	103.620.000	88.299.000	89.759.000	56.173.000	90.516.000
Gældsforpligtelser	78.535.000	131.505.000	138.959.000	112.546.000	88.299.000	89.759.000	56.173.000	90.516.000
Forpligtelser	78.535.000	131.505.000	138.959.000	112.546.000	88.299.000	89.759.000	56.173.000	90.516.000
Passiver	122.808.000	175.163.000	180.311.000	143.306.000	119.737.000	124.020.000	90.017.000	126.187.000

Passiver

23.05.2023

Nøgletal

23.05.2023

Årsrapport	2022 23.05.2023	2021 30.06.2022	2020 29.06.2021	2019 19.06.2020	2018 31.05.2019	2017 07.05.2018	2016 22.05.2017	2015 25.04.2016
Afkastningsgrad	23,0 %	15,3 %	13,3 %	9,1 %	6,9 %	7,4 %	8,7 %	7,7 %
Dækningsgrad	Na.	26,3 %	28,3 %	27,3 %	26,3 %	25,0 %	24,7 %	20,0 %
Resultatgrad	Na.	5,4 %	6,1 %	4,0 %	3,1 %	2,9 %	2,7 %	2,8 %
Varelagerets omsætningshastighed	Na.	359,8	104,4	59,7	61,6	64,7	36,2	14,7
Egenkapitals-forretning	51,2 %	49,8 %	53,2 %	39,7 %	32,3 %	41,4 %	38,7 %	44,9 %
Payout-ratio	92,1 %	101,1 %	89,4 %	98,5 %	101,2 %	106,5 %	103,7 %	100,1 %
Gældsdæknings-nøgletal	1.690,0 %	Na.	2.134,5 %	2.280,1 %	1.502,0 %	1.521,1 %	2.644,3 %	3.885,7 %
Soliditestgrad	34,6 %	23,8 %	22,2 %	21,4 %	23,0 %	16,5 %	22,2 %	17,6 %
Likviditetsgrad	151,0 %	130,7 %	127,9 %	128,0 %	133,5 %	136,1 %	156,1 %	137,0 %

Resultat

23.05.2023

Gæld

23.05.2023

Årsrapport

23.05.2023

Nyeste:01.01.2022- 31.12.2022(offentliggjort: 23.05.2023)

Beretning

23.05.2023

Dato for ledelsens godkendelse af årsrapporten:2023-05-10

Ledelsespåtegning:The Board of Directors and the Executive Board have today discussed and approved the annual report of Wartsila Danmark A/S for the financial year 1 January – 31 December 2022. The annual report has been prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 31 December 2022 and of the results of the Company's operations for the financial year 1 January – 31 December 2022. Further, in our opinion, the Management's review gives a fair review of the development in the Company's activities and financial matters, of the results for the year and of the Company's financial position. We recommend that the annual report be approved at the annual general meeting. Principal activities of the Company Wartsila Corporation Wartsila is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wartsila maximizes the environmental and economic performance of vessels and power plant across the world. In 2022, Wartsila’s net sales totalled EUR 5,842 million. The Company employs 17,500 people at operations around the world. The Wartsila Corporation is headquartered in Helsinki, Finland and is listed on the NASDAQ OMX Helsinki, Finland. The Wartsila Group's main activities include Marine Power, Marine Systems, Marine Voyage and Energy. Wartsila delivers tumkey engine room solutions as well as shafts, propellers and control systems for both commercial vessels in the merchant fleet as well as for offshore units, including both mobile and stationary units. The Wartsila Group delivers power plant for decentralised energy production, which includes both electricity as well as heating depending on customer demand. The Wartsila facilities are able to produce within a range from a few hundred kW up to several hundred mW, either as tumkey projects or component delivery of natural gas, diesel oil, heavy oil or a mixture thereof as fuel. Wartsila Danmark A/S The main activities of Wartsila Danmark A/S, owned by Wartsila Corporation, are sales and service of a comprehensive portfolio of products and solutions for the maritime industry, the offshore industry, and the power plant market. Field Service activities are performed on-site, either by field service engineers employed by Wartsila Danmark A/S or by other global Wartsila service entities. Wartsila Danmark A/S makes use of the global Wartsila network of workshop and competence centres for machining, re-conditioning, calibration and programming jobs when required as part of specific service jobs. Wartsila Danmark A/S takes advantage of modern and well-functioning inventory of spare parts available 24/7 via the global consolidation and logistic centres, ensuring prompt delivery of spare parts globally. Wartsila Danmark A/S' head office is located at Kystvejen 100 in Nørresundby with approximately 57 employees and an office in Copenhagen with 12 employees, bringing the total number of employees to 69. Wartsila Lyngsø Marine A/S located in Hørsholm and Wartsila Danmark A/S are separate companies. Development in activities and financial position Operating results (EBIT) came in at DKK 28,256 thousand as against DKK 26,804 thousand in 2021. This corresponds to the activities in 2022 where the service business was at a stable high level and decarbonization related activities increased. The Board of Directors is of the opinion that the Company's ability to report positive normalised results is satisfactory, and results increased more than expected last year due to higher net sales. The balance sheet total amounts to DKK 122,808 thousand, of which equity accounted for DKK 42,437 thousand corresponding to a solvency ratio of 34,6 %. Wartsila Danmark A/S holds sufficient liquidity to carry out its activities and operations based on the 2023 budget. Outlook for 2023 Wartsila Danmark A/S is expecting a stable business outlook for 2023, which means that we are expecting an increase in result approx. 5 % compared to the 2022 result. We generally see a high activity level in the markets we are present in with regards to new buildings, retrofits and maintenance activity. The effect of Russia/Ukrainian war with an increased cost picture for all parties results in longer decision-making processes with our customers. At the same time we do also experience a growing positive interest from our customers for decarbonisation solutions to keep up with the new legislation and increase the efficiency to save fuel. The Ukraine war still appears to have a limited impact to Wartsila Danmark A/S direct business. The indirect consequences of increased costs and supply chain complications have had so far, a minor effect on the business. Events after the balance sheet date No events occurred after balance sheet date. Operating review Particular risks Financial risks The activities of Wartsila Danmark A/S involve the use of financial instruments for trade receivables and payables both in Danish kroner and foreign currencies as well as balances with group entities, credit institutions and banks. It is company policy not to engage actively in speculation in financial risks. Wartsila Danmark A/S financial management solely aims at managing financial risks already assumed. Currency risks Wartsila Danmark A/S occasionally hedges currency risks while taking projected future cash flows into consideration. Any hedging is made via forward exchange contracts. Currency transactions are not entered into for speculative purposes. No hedges were used for 2022. International sales activities are primarily settled in DKK, EUR and USD. Suppliers are primarily paid in DKK, EUR and USD. Foreign exchange fluctuations are deemed not to significantly affect Wartsila Danmark A/S' results. Credit risks Wartsila Danmark A/S strives to limit credit risks by means of effective credit management or credit insurance or alternative collateral, when deemed necessary. As part of Group agreement, the Company has transferred receivables to factoring company. IT risks Wartsila Danmark A/S is to comply with the IT policy of Wartsila Group. The interrelationship to Wartsila Group in relation to SAP, email, internet and intranet is run via a closed network. Environment Wartsila Danmark A/S has maintained its certifications at Det Norske Veritas (DNV Managing Risk) according to DS/EN ISO 14001 (environment) as well DS/EN ISO 45001 (working environment). Operating review Intellectual capital and organisation Employees and their insight as well as knowledge are important resources to Wartsila Danmark A/S. Committed and qualified employees are vital to the further development of Wartsila Danmark A/S. Consequently, development, education and empowerment are given a high priority. Wartsila Danmark A/S constantly strives to attract and retain current and new employees. Regardless of gender, background, religion, nationality or disability, all employees in Wartsila Danmark A/S have the same rights and possibilities. The Company promotes freedom from discrimination based on race, ethnic or national origin, colour, gender, family status, sexual orientation, creed, disability, age or political beliefs, or other characteristics protected by law. Wartsila Danmark A/S fosters equal opportunities and employees are selected and treated on the basis of their abilities and merits. The Company continues to employ fair employment practices, and these are in the essence of Wartsila's code of conduct. Recruitment & resourcing policies and practices support the actions that encourage the hiring of more females in senior and technical roles. Quality Wartsila Danmark A/S has maintained its certifications at Det Norske Veritas (DNV Managing Risk) to DS/EN ISO 9001 (quality).