LOGSTOR DENMARK HOLDING ApS - CVR: 35375627

2023, DKK

03.07.2024

Bruttoresultat

417''

Primær drift

221''

Årets resultat

278''

Aktiver

1.510''

Kortfristede aktiver

957''

Egenkapital

1.014''

Afkastningsgrad

15 %

Soliditetsgrad

67 %

Likviditetsgrad

209 %

Resultat

03.07.2024

Årsrapport	2023 03.07.2024	2022 03.07.2023	2021 15.07.2022	2020 12.03.2021	2019 13.03.2020	2018 25.03.2019	2017 01.06.2018	2016 06.06.2017	2015 04.04.2016
Nettoomsætning	1.217.521.000	1.168.425.000	717.443.000
Bruttoresultat	417.162.000	331.806.000	242.399.000	0	0	0	0	0	0
Resultat af primær drift	220.792.000	143.712.000	36.694.000	250.000	750.000	-99.000	-2.237.000	-3.204.000	2.063.000
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0	0	0	0	0	0
Finansielle indtægter	5.417.000	944.000	3.869.000	19.829.000	23.464.000	213.188.000	1.752.000	1.923.000	2.235.000
Finansieringsomkostninger	-1.767.000	-1.478.000	-22.385.000	-29.624.000	-29.596.000	-19.067.000	-9.279.000	-10.253.000	-8.654.000
Andre finansielle omkostninger	0	0	0	0	0	0	0	0	-8.654.000
Resultat før skat	335.874.000	180.241.000	133.508.000	-9.545.000	207.318.000	194.022.000	-9.764.000	-34.234.000	95.644.000
Resultat	277.957.000	151.470.000	119.183.000	-7.454.000	208.487.000	190.837.000	-7.626.000	-31.691.000	96.573.000
Forslag til udbytte	-375.000.000	-270.000.000	0	0	0	0	0	0	0

Aktiver

03.07.2024

Årsrapport	2023 03.07.2024	2022 03.07.2023	2021 15.07.2022	2020 12.03.2021	2019 13.03.2020	2018 25.03.2019	2017 01.06.2018	2016 06.06.2017	2015 04.04.2016
Kortfristede varebeholdninger	140.144.000	206.027.000	153.454.000	0	0	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	805.238.000	421.480.000	153.487.000	401.633.000	413.842.000	558.425.000	64.984.000	90.702.000	99.158.000
Likvider	11.756.000	11.482.000	181.727.000	250.560.000	116.690.000	3.109.000	86.000	0	2.000
Kortfristede aktiver	957.138.000	638.989.000	488.668.000	652.193.000	530.532.000	561.534.000	65.070.000	90.702.000	99.160.000
Immaterielle aktiver og goodwill	5.709.000	12.000.000	16.603.000	0	0	352.780.000	192.780.000	192.780.000	0
Finansielle anlægsaktiver	448.189.000	548.711.000	511.648.000	375.480.000	375.480.000	352.780.000	192.780.000	192.780.000	215.480.000
Materielle aktiver	99.018.000	92.837.000	102.278.000	0	0	0	0	0	0
Langfristede aktiver	552.916.000	653.548.000	630.529.000	375.480.000	375.480.000	352.780.000	192.780.000	192.780.000	215.480.000
Aktiver	1.510.054.000	1.292.537.000	1.119.197.000	1.027.673.000	906.012.000	914.314.000	257.850.000	283.482.000	314.640.000

Aktiver

03.07.2024

Passiver

03.07.2024

Årsrapport	2023 03.07.2024	2022 03.07.2023	2021 15.07.2022	2020 12.03.2021	2019 13.03.2020	2018 25.03.2019	2017 01.06.2018	2016 06.06.2017	2015 04.04.2016
Forslag til udbytte	375.000.000	270.000.000	0	0	0	0	0	0	0
Egenkapital	1.013.953.000	1.003.360.000	850.491.000	170.764.000	178.218.000	226.568.000	35.731.000	43.357.000	75.048.000
Hensatte forpligtelser	31.986.000	34.110.000	37.293.000	0	0	0	0	0	0
Langfristet gæld til banker	0	0	0	331.508.000	321.660.000	312.129.000	0	210.772.000	208.271.000
Anden langfristet gæld		0	0	0	0	0	0	0	0
Leverandører af varer og tjenesteydelser	75.597.000	98.252.000	69.240.000	226.000	675.000	362.000	219.000	0	0
Kortfristede forpligtelser	457.298.000	250.764.000	223.468.000	329.084.000	224.396.000	207.341.000	222.119.000	29.353.000	31.321.000
Gældsforpligtelser	464.115.000	255.067.000	231.413.000	856.909.000	727.794.000	687.746.000	222.119.000	240.125.000	239.592.000
Forpligtelser	464.115.000	255.067.000	231.413.000	856.909.000	727.794.000	687.746.000	222.119.000	240.125.000	239.592.000
Passiver	1.510.054.000	1.292.537.000	1.119.197.000	1.027.673.000	906.012.000	914.314.000	257.850.000	283.482.000	314.640.000

Passiver

03.07.2024

Nøgletal

03.07.2024

Årsrapport	2023 03.07.2024	2022 03.07.2023	2021 15.07.2022	2020 12.03.2021	2019 13.03.2020	2018 25.03.2019	2017 01.06.2018	2016 06.06.2017	2015 04.04.2016
Afkastningsgrad	14,6 %	11,1 %	3,3 %	0,0 %	0,1 %	0,0 %	-0,9 %	-1,1 %	0,7 %
Dækningsgrad	34,3 %	28,4 %	33,8 %	Na.	Na.	Na.	Na.	Na.	Na.
Resultatgrad	22,8 %	13,0 %	16,6 %	Na.	Na.	Na.	Na.	Na.	Na.
Varelagerets omsætningshastighed	8,7	5,7	4,7	Na.	Na.	Na.	Na.	Na.	Na.
Egenkapitals-forretning	27,4 %	15,1 %	14,0 %	-4,4 %	117,0 %	84,2 %	-21,3 %	-73,1 %	128,7 %
Payout-ratio	134,9 %	178,3 %	Na.	Na.	Na.	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	12.495,3 %	9.723,4 %	163,9 %	0,8 %	2,5 %	-0,5 %	-24,1 %	-31,2 %	23,8 %
Soliditestgrad	67,1 %	77,6 %	76,0 %	16,6 %	19,7 %	24,8 %	13,9 %	15,3 %	23,9 %
Likviditetsgrad	209,3 %	254,8 %	218,7 %	198,2 %	236,4 %	270,8 %	29,3 %	309,0 %	316,6 %

Resultat

03.07.2024

Gæld

03.07.2024

Årsrapport

03.07.2024

Nyeste:01.01.2023- 31.12.2023(offentliggjort: 03.07.2024)

Information om virksomhedens regnskabsklasse:The annual report for LOGSTOR Denmark Holding ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class C enterprises (large enterprises). The accounting policies are unchanged from last year, and the annual report is presented in DKK (DKK thousand).

Beretning

03.07.2024

Dato for ledelsens godkendelse af årsrapporten:2024-06-27

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:Today, the Board of Directors and the Managing Director have approved the annual report of LOGSTOR Denmark Holding ApS for the financial year 1 January - 31 December 2023.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Main Activity The Group’s primary activity is to develop, manufacture and sell high-quality pre-insulated pipe systems for transportation of liquids and gases. LOGSTOR is a leading supplier of pre-insulated pipe systems, not only for district heating, but also for district cooling, the Oil and Gas sector, and various industrial verticals. LOGSTOR is an international enterprise with sales and production companies in Denmark, Sweden, Finland and Poland as well as sales to more than 50 markets through resellers and own sales companies in Germany, the Netherlands, Switzerland, Austria, France, Lithuania, Italy and United Kingdom. Development in the year Revenue in LOGSTOR Denmark Holding ApS reached DKK 1. 217,5 million compared to DKK 1. 168 million in 2022. The increase is mainly attributable to accelerated investment in District Heating solutions in the Danish market. Operating Profit, before financial income and expenses, reached DKK 220,8 million compared to DKK 143,7 million last year. Profit after tax is DKK 278 million compared to DKK 151,5 million in 2022. The management considers period’s activity and earning to be satisfactory, exceeding expectations mentioned in the management’s review for 2022. Company realized gross profit growth of 27,5%, while the expected growth was 10%. LOGSTOR Denmark Holding ApS experienced modest growth as the demand for energy-efficient District Heating solutions, which peaked in 2022, stabilized from record highs. We continue to capitalize on our strong market position as one of the largest and most specialized manufacturers of pre-insulated pipe solutions. The further easing of global supply chain challenges in 2023 enhanced our ability to maintain high customer service standards. We remain committed to continuously optimizing our products to meet the evolving needs of our customers. Special items The company has recognized impairment loss on investment of DKK 12,7 million in 2023. Please refer to note 3. In 2023 all shares of LOGSTOR Deutschland GmbH were acquired by and transferred to Kingspan Holding GmbH for DKK 212 million, yielding a profit of DKK 124 million. Foreign branches LOGSTOR has global production capability with our mobile plants and have delivered projects in India, Azerbaijan, UAE and Canada. LOGSTOR is established as a branch in Indonesia and Canada. Development Expectations LOGSTOR Denmark Holding ApS currently expects 2024 sales to be lower than in 2023, reaching DKK 1. 050 to 1. 150 million with profitability decreasing proportionately, with gross profit of DKK 300 to 350 million. The forecast for 2024 is subject to a number of uncertainties, including fluctuations in steel prices, gas prices, and interest rates. The company’s revenue and profitability exhibit correlation with steel prices. A downward trend in steel prices in 2024 is expected to have an impact on the company’s projected revenues. The relatively low gas prices in 2024, coupled with high interest rates, are anticipated to influence district heating investments. A combination of the aforementioned factors will primarily drive the company’s financial performance in 2024. Subsequent events No material subsequent events have been identified.