Avis Budget Denmark A/S - CVR: 19673146

2022, DKK

08.07.2023

Bruttoresultat

36.600'

Primær drift

-21.458'

Årets resultat

27.119'

Aktiver

136''

Kortfristede aktiver

129''

Egenkapital

15.609'

Afkastningsgrad

-16 %

Soliditetsgrad

11 %

Likviditetsgrad

115 %

Resultat

08.07.2023

Årsrapport	2022 08.07.2023	2021 01.07.2022	2020 25.06.2021	2019 28.08.2020	2018 03.06.2019	2017 11.07.2018	2016 12.10.2017	2015 20.06.2016
Nettoomsætning	259.934.000	213.641.000	164.587.000	264.146.000	291.971.000	286.166.000	264.599.000	218.538.000
Bruttoresultat	36.600.000	0	-43.054.000	-24.600.000	0	0	53.201.000	0
Bruttoresultat	36.565.000	-6.829.000	-43.100.000	-24.600.000	0	30.807.000	0	51.555.000
Resultat af primær drift	-21.458.000	-58.392.000	-78.492.000	-68.889.000	-49.687.000	-13.799.000	15.427.000	14.455.000
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0	0	0	0	0
Finansielle indtægter	436.000	170.000	30.000	792.000	778.000	1.208.000	985.000	1.104.000
Finansieringsomkostninger	-2.415.000	-1.465.000	-1.122.000	-3.536.000	-1.947.000	-162.000	-671.000	-580.000
Andre finansielle omkostninger	0	0	0	0	0	0	0	0
Resultat før skat	16.563.000	-59.687.000	-79.584.000	-71.633.000	-50.856.000	-12.753.000	15.741.000	14.979.000
Resultat	27.119.000	-43.553.000	-66.373.000	-71.633.000	-54.486.000	-9.952.000	12.159.000	11.143.000
Forslag til udbytte	0	0	0	0	0	0	0	0

Aktiver

08.07.2023

Årsrapport	2022 08.07.2023	2021 01.07.2022	2020 25.06.2021	2019 28.08.2020	2018 03.06.2019	2017 11.07.2018	2016 12.10.2017	2015 20.06.2016
Kortfristede varebeholdninger	3.629.000	2.334.000	3.228.000	3.300.000	2.414.000	2.833.000	89.000	171.000
Kortfristede tilgodehavender fra salg og tjenesteydelser	103.742.000	37.029.000	59.158.000	208.097.000	120.873.000	64.139.000	85.451.000	63.009.000
Likvider	21.700.000	22.523.000	12.410.000	15.828.000	6.423.000	11.428.000	5.301.000	22.968.000
Kortfristede aktiver	129.071.000	61.886.000	74.796.000	227.225.000	129.710.000	78.400.000	90.841.000	86.148.000
Immaterielle aktiver og goodwill	0	0	0	0	0	0	0	0
Finansielle anlægsaktiver	500.000	500.000	500.000	500.000	500.000	3.636.000	835.000	3.773.000
Materielle aktiver	6.855.000	6.571.000	6.804.000	7.313.000	7.237.000	7.860.000	6.076.000	3.798.000
Langfristede aktiver	7.355.000	7.071.000	7.304.000	7.813.000	7.737.000	11.496.000	6.911.000	7.571.000
Aktiver	136.426.000	68.957.000	82.100.000	235.038.000	137.447.000	89.896.000	97.752.000	93.719.000

Aktiver

08.07.2023

Passiver

08.07.2023

Årsrapport	2022 08.07.2023	2021 01.07.2022	2020 25.06.2021	2019 28.08.2020	2018 03.06.2019	2017 11.07.2018	2016 12.10.2017	2015 20.06.2016
Forslag til udbytte	0	0	0	0	0	0	0	0
Egenkapital	15.609.000	-21.510.000	22.043.000	17.816.000	-23.996.000	30.490.000	40.442.000	28.283.000
Hensatte forpligtelser	4.437.000	4.438.000	4.993.000	4.691.000	0	0	0	0
Langfristet gæld til banker	0	0	0	0	0	0	0	0
Anden langfristet gæld		8.223.000	2.570.000	5.848.000	5.218.000	4.979.000	0	0
Leverandører af varer og tjenesteydelser	30.551.000	38.832.000	40.992.000	35.361.000	52.500.000	18.243.000	26.201.000	13.743.000
Kortfristede forpligtelser	111.790.000	77.806.000	52.494.000	206.683.000	156.225.000	54.427.000	57.310.000	65.436.000
Gældsforpligtelser	0	90.467.000	0	0	161.443.000	59.406.000	57.310.000	65.436.000
Forpligtelser	0	90.467.000	0	0	161.443.000	59.406.000	57.310.000	65.436.000
Passiver	136.426.000	68.957.000	82.100.000	235.038.000	137.447.000	89.896.000	97.752.000	93.719.000

Passiver

08.07.2023

Nøgletal

08.07.2023

Årsrapport	2022 08.07.2023	2021 01.07.2022	2020 25.06.2021	2019 28.08.2020	2018 03.06.2019	2017 11.07.2018	2016 12.10.2017	2015 20.06.2016
Afkastningsgrad	-15,7 %	-84,7 %	-95,6 %	-29,3 %	-36,1 %	-15,3 %	15,8 %	15,4 %
Dækningsgrad	14,1 %	Na.	-26,2 %	-9,3 %	Na.	Na.	20,1 %	Na.
Resultatgrad	10,4 %	-20,4 %	-40,3 %	-27,1 %	-18,7 %	-3,5 %	4,6 %	5,1 %
Varelagerets omsætningshastighed	71,6	91,5	51,0	80,0	120,9	101,0	2.973,0	1.278,0
Egenkapitals-forretning	173,7 %	202,5 %	-301,1 %	-402,1 %	227,1 %	-32,6 %	30,1 %	39,4 %
Payout-ratio	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	-888,5 %	-3.985,8 %	-6.995,7 %	-1.948,2 %	-2.552,0 %	-8.517,9 %	2.299,1 %	2.492,2 %
Soliditestgrad	11,4 %	-31,2 %	26,8 %	7,6 %	-17,5 %	33,9 %	41,4 %	30,2 %
Likviditetsgrad	115,5 %	79,5 %	142,5 %	109,9 %	83,0 %	144,0 %	158,5 %	131,7 %

Resultat

08.07.2023

Gæld

08.07.2023

Årsrapport

08.07.2023

Nyeste:01.01.2022- 31.12.2022(offentliggjort: 08.07.2023)

Beretning

08.07.2023

Dato for ledelsens godkendelse af årsrapporten:2023-07-06

Ledelsespåtegning:Statement by Management on the annual report

Beskrivelse af usikkerhed ved indregning eller måling:Going concernDuring the year ended 31st December 2022 the Company generated a profit of DKK 27. 1m (2021: loss of DKK 43. 6m). At the year end the Company had net current assets of DKK 17. 3m (2021: DKK -15. 9m). Included withinnet current assets as of 31st December 2022 are receivables on demand from fellow groupundertakings of DKK 3. 4m (2021: DKK 12. 4m). The Directors have a reasonable expectation that the Company has adequate resources to continue inoperational existence for the foreseeable future. After making enquiries, the Directors have received aletter of support from a parent company, Avis Budget EMEA Limited, confirming that they are willing toprovide the necessary financial support and that they have the necessary funds available to pay the Company’s debts as they fall due. Thus, the Directors have adopted the going concern basis in preparing the Financial Statements. The Company received a capital injection of DKK 10m in 2022 to strengthen its solidity.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:We have today presented the annual report of Avis Budget Denmark A/S for the financial year 1st January2022 to 31st December 2022.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Primary activitiesThe Company is a regional operating company of the Avis Budget Group, Inc. group of companies (“the Group”). The Company is a provider of mobility solutions across the Danish market through the well-recognisedAvis and Budget brands. The differentiated brands help to meet a wide range of customer mobility needs. Avis is a leading vehicle rental brand positioned to serve the premium commercial and leisure segments of the travel industry. Budget is a leading vehicle rental brand focused primarily on more value-conscious segments of the industry. Strategic reviewThe strategy of the Company is aligned to those of the Avis Budget Group, Inc. group of companies,which are as disclosed in the consolidated financial statements of Avis Budget Group, Inc. The objective is to drive sustainable, profitable growth by delivering strategic initiatives aimed atwinning and retaining customers through differentiated brands and products, increasing our margins viarevenue growth and operational efficiency and enhancing our leadership in the evolving mobility industry. In executing the strategy, the Company will continue to position the distinct and well-recognised globalbrands to focus on different segments of customer demand. While the brands address different use-cases and target customers, the Company achieves efficiencies by sharing the same operational andadministrative infrastructure while providing differentiated value propositions tailored to each of the brands. The Company’s distinct and well-recognised global brands focus on different segments of customer demand. The Company continues to support and build the reputation of our Avis brand as an innovative, reliableand high-quality service provider. Investments in technology, including the Avis mobile application andwebsites, are key parts of the Group’s efforts to enhance the Avis experience for our customers. The Budget brand is a global leader among value-conscious vehicle rental consumers who are looking to “get more” from their vehicle rental provider. The Company plans to drive incremental performance by continuing to improve its customer experienceby growing ancillary sales, including services such as providing discounted bundling of products,promoting car class upgrades, piloting new customer vehicle choice models (through the mobile application) and new payment features. The Company aims to provide a range of vehicles, products and services at competitive prices, toleverage various marketing channels and to maintain marketing affiliations and corporate accountcontracts that complement each brand’s positioning. The Company continues to promote the brandsthrough a variety of efforts, including both on-line and off-line marketing. The Company maintains a diverse rental fleet, in which no vehicle manufacturer represented more than25% of fleet purchases, and regularly adjusts fleet levels to be consistent with demand, participating ina variety of vehicle purchase programs with major vehicle manufacturers. To further support and strengthen the brands, the Company is committed to serving its customers andenhancing their rental experience through new organic offerings that optimize the brands, systems and employees. Customers are regularly surveyed to solicit feedback and to better understand their needs and drive actions to enhance the services.