Stibo DX A/S - CVR: 41915811

2023, DKK

27.06.2024

Bruttoresultat

85.994'

Primær drift

-6.780'

Årets resultat

5.253'

Aktiver

154''

Kortfristede aktiver

83.718'

Egenkapital

59.643'

Afkastningsgrad

-4 %

Soliditetsgrad

39 %

Likviditetsgrad

0 %

Resultat

27.06.2024

Årsrapport	2023 27.06.2024	2022 04.07.2023	2021 05.07.2022	2020 07.07.2021	2019 03.07.2020	2018 28.06.2019	2017 22.08.2018	2016 21.08.2017	2015 19.08.2016
Nettoomsætning	233.723.000	210.685.000	183.940.000	165.655.000	173.253.000	154.983.000	155.593.000	162.935.000	172.628.000
Bruttoresultat	85.994.000	73.067.000	68.684.000	74.972.000	80.659.000	69.267.000	68.397.000	70.125.000	99.865.000
Resultat af primær drift	-6.780.000	-8.037.000	-2.160.000	3.828.000	14.672.000	5.282.000	6.407.000	158.000	17.478.000
Indtægter af kapitalandele (tilknyttede og associerede)	0	4.113.000	3.315.000	3.251.000	3.490.000	4.473.000	0	0	0
Finansielle indtægter	1.272.000	2.922.000	30.000	78.000	1.171.000	238.000	508.000	782.000	795.000
Finansieringsomkostninger	-943.000	-940.000	-1.568.000	-1.047.000	-413.000	-381.000	-283.000	-519.000	-1.065.000
Andre finansielle omkostninger	0	0	0	0	0	0	0	0	0
Resultat før skat	-2.695.000	-1.942.000	-383.000	6.110.000	18.920.000	9.612.000	12.059.000	7.595.000	14.354.000
Resultat	5.253.000	-10.505.000	3.797.000	11.855.000	15.673.000	8.473.000	10.753.000	7.266.000	10.362.000
Forslag til udbytte	0	0	0	-50.000.000	0	0	-5.000.000	0	0

Aktiver

27.06.2024

Årsrapport	2023 27.06.2024	2022 04.07.2023	2021 05.07.2022	2020 07.07.2021	2019 03.07.2020	2018 28.06.2019	2017 22.08.2018	2016 21.08.2017	2015 19.08.2016
Kortfristede varebeholdninger	0	0	0	0	0	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	83.718.000	59.853.000	63.277.000	83.916.000	77.721.000	52.665.000	43.299.000	27.185.000	35.014.000
Likvider	0	8.101.000	8.029.000	15.451.000	13.619.000	20.038.000	31.933.000	43.577.000	75.030.000
Kortfristede aktiver	83.718.000	67.954.000	71.306.000	99.367.000	91.340.000	72.703.000	75.232.000	70.762.000	110.044.000
Immaterielle aktiver og goodwill	9.474.000	8.035.000	9.375.000	10.714.000	0	0	5.038.000	6.928.000	0
Finansielle anlægsaktiver	60.499.000	56.432.000	54.041.000	50.472.000	73.874.000	70.875.000	47.611.000	43.924.000	12.046.000
Materielle aktiver	0	155.000	125.000	1.976.000	125.000	180.000	187.000	196.000	268.000
Langfristede aktiver	70.115.000	64.622.000	65.718.000	61.311.000	73.999.000	71.055.000	47.798.000	44.120.000	12.314.000
Aktiver	153.833.000	132.576.000	137.024.000	160.678.000	165.339.000	143.758.000	123.030.000	114.882.000	122.358.000

Aktiver

27.06.2024

Passiver

27.06.2024

Årsrapport	2023 27.06.2024	2022 04.07.2023	2021 05.07.2022	2020 07.07.2021	2019 03.07.2020	2018 28.06.2019	2017 22.08.2018	2016 21.08.2017	2015 19.08.2016
Forslag til udbytte	0	0	0	50.000.000	0	0	5.000.000	0	0
Egenkapital	59.643.000	54.018.000	68.368.000	112.099.000	101.066.000	85.884.000	83.607.000	71.842.000	75.502.000
Hensatte forpligtelser	0	1.733.000	0	0	0	0	259.000	0	0
Langfristet gæld til banker	0	0	0	0	0	0	0	0	0
Anden langfristet gæld			0	0	4.272.000	7.465.000	0	0	0
Leverandører af varer og tjenesteydelser	2.198.000	1.224.000	1.543.000	1.682.000	884.000	1.533.000	458.000	1.098.000	1.508.000
Kortfristede forpligtelser	0	76.825.000	68.656.000	48.579.000	60.001.000	50.409.000	0	0	0
Gældsforpligtelser	94.190.000	76.825.000	68.656.000	48.579.000	64.273.000	57.874.000	39.164.000	43.040.000	46.856.000
Forpligtelser	94.190.000	76.825.000	68.656.000	48.579.000	64.273.000	57.874.000	39.164.000	43.040.000	46.856.000
Passiver	153.833.000	132.576.000	137.024.000	160.678.000	165.339.000	143.758.000	123.030.000	114.882.000	122.358.000

Passiver

27.06.2024

Nøgletal

27.06.2024

Årsrapport	2023 27.06.2024	2022 04.07.2023	2021 05.07.2022	2020 07.07.2021	2019 03.07.2020	2018 28.06.2019	2017 22.08.2018	2016 21.08.2017	2015 19.08.2016
Afkastningsgrad	-4,4 %	-6,1 %	-1,6 %	2,4 %	8,9 %	3,7 %	5,2 %	0,1 %	14,3 %
Dækningsgrad	36,8 %	34,7 %	37,3 %	45,3 %	46,6 %	44,7 %	44,0 %	43,0 %	57,8 %
Resultatgrad	2,2 %	-5,0 %	2,1 %	7,2 %	9,0 %	5,5 %	6,9 %	4,5 %	6,0 %
Varelagerets omsætningshastighed	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.	Na.
Egenkapitals-forretning	8,8 %	-19,4 %	5,6 %	10,6 %	15,5 %	9,9 %	12,9 %	10,1 %	13,7 %
Payout-ratio	Na.	Na.	Na.	421,8 %	Na.	Na.	46,5 %	Na.	Na.
Gældsdæknings-nøgletal	-719,0 %	-855,0 %	-137,8 %	365,6 %	3.552,5 %	1.386,4 %	2.264,0 %	30,4 %	1.641,1 %
Soliditestgrad	38,8 %	40,7 %	49,9 %	69,8 %	61,1 %	59,7 %	68,0 %	62,5 %	61,7 %
Likviditetsgrad	Na.	88,5 %	103,9 %	204,5 %	152,2 %	144,2 %	Na.	Na.	Na.

Resultat

27.06.2024

Gæld

27.06.2024

Årsrapport

27.06.2024

Nyeste:01.05.2023- 30.04.2024(offentliggjort: 27.06.2024)

Information om virksomhedens regnskabsklasse:The annual report of Stibo DX A/S for 2022/23 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to reporting class C medium enterprises and elective choice of certain provisions applying to reporting class C large enterprises.

Oplysning om pantsætninger og sikkerhedsstillelser:Mortgages, collateral and contingent liabilitiesThe Company is jointly taxed with other Danish group companies. As group company, together with the other group companies included in the joint taxation, the Company has joint and several unlimited liability for Danish corporation taxes and withholding taxes on dividends, interest and royalties.The jointly taxed companies’ known net liabilities to Skattestyrelsen are recognised in the financial statements of the administrative company, Stibo Holding A/S. Any subsequent corrections to the joint taxation income and withholding taxes, etc. may imply that the Company's liabilities increase.

Beretning

27.06.2024

Dato for ledelsens godkendelse af årsrapporten:2024-06-25

Ledelsespåtegning:Statement by the Board of Directors and the Executive Board

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:The Board of Directors and the Executive Board have today discussed and approved the annual report of Stibo DX A/S for the financial year 1 May 2023 – 30 April 2024.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Financial overviewRevenue growthRevenue for the financial year 2023/24 reached mDKK 234, marking an 11% increase from the previous year, aligning with the outlined strategy and previously announced expectation. Significant growth was observed in software (perpetual) revenue, which surged by 26%, and SåS (Software as a Service), including cloud services, which grew by 30% year-over-year. Professional services experienced a growth of 10% over last year’s performance. As a result of the ongoing conversion to subscription-based licensing, as expected, support and maintenance fees only saw a moderate growth of 2%, however contributing to an overall annual recurring revenue that now constitutes 68% of total revenue, reflecting a year-over-year growth rate of 9%. Gross profitGross profit for the financial year stood at mDKK 152, an increase of mDKK 8. 1 from the previous year, representing a gross margin of 65%. However, gross profit was adversely impacted by an increase in allocated Stibo Software Group administration costs amounting to mDKK 7. 7. Additionally, extraordinary costs related to the final settlement of the discontinuation of theDXP business line to focus the company 100% on the global media industry affected the gross profit negatively by mDKK 1. 7.. EBITDA. EBITDA for the financial year 2023/24 was a gain of mDKK 0. 6, an improvement of mDKK 2. 3 from the previous financial year. This improvement is driven by strategic initiatives focusing on operational excellence across all parts of Stibo DX. Despite the increase in allocated Stibo Software Group group costs, Stibo DX staff costs decreased to 64% of revenue, down from 68% in the previous year, reflecting a planned increase in productivity. EBITDA significantly exceeded the five-yea planned level in the strategy plan followed, as the strategic initiatives in the transformation phase began to yield returns earlier than anticipated. Operating profitOperating profit was a loss of mDKK 2. 6, an improvement of mDKK +2. 3 year-over-year, and better than the announced expectations in the financial statement 2022/23 of a loss between mDKK 15 and mDKK 20, which is due to the factors described for revenue and EBITDA. Depreciation and amortization totaled mDKK 4. 5, a decrease of mDKK 0. 3 from the previous year. .Profit before tax. Profit before tax recorded a loss of mDKK 1. 2, similar to the previous year. However, this year’s result includes a negativecurrency adjustment of mDKK -0. 3, in contrast to a positive adjustment of mDKK +3. 4 the year before. Profit for the yearThe profit for the financial year 2023/24 was mDKK 5. 3, a substantial turnaround from the previous year’s loss of mDKK -10. 5.The tax provision was positively impacted by due to the tax authorities’ acknowledgment of research and development tax relief. Executive management considers this result satisfactory, as it accurately reflects the expected outcomes of planned activities executed over the financial year. Highlights of ethical, social and environmental initiativesStibo DX is committed to operating as a responsible and thoughtful company, prioritizing actions that benefit both the company and its broader community. Ethical, environmental, and social responsibility principles guide daily decisions across all levels of the organization. Stibo DX’s ESG and sustainability strategy reflects its core values. The company strives to align business practices with a dedication to positive change. It continuously reviews its environmental, societal, and economic impact to make informed and responsible choices. Stibo DX has voluntarily chosen to report under the Danish Financial Statement Act §99a for the topics of Environmental/Climate matters and Social and Employee Relations. Anti-corruption and Human Rights are not included in this voluntary report.