Nordmark Group Holding ApS - CVR: 43051180

2023, DKK

05.04.2024

Bruttoresultat

443'

Primær drift

-32.012'

Årets resultat

-39.134'

Aktiver

130''

Kortfristede aktiver

284'

Egenkapital

130''

Afkastningsgrad

-25 %

Soliditetsgrad

100 %

Likviditetsgrad

+500%

Resultat

05.04.2024

Årsrapport	2023 05.04.2024	2022 19.06.2023
Nettoomsætning	227.524.956	284.422.369
Bruttoresultat	443.487	-500.000
Resultat af primær drift	-32.011.848	-49.090.607
Indtægter af kapitalandele (tilknyttede og associerede)	0	0
Finansielle indtægter	1.854.861	1.024.110
Finansieringsomkostninger	0	0
Andre finansielle omkostninger	0	-2.866.667
Resultat før skat	-38.737.938	-54.516.780
Resultat	-39.134.379	-54.111.417
Forslag til udbytte	0	0

Aktiver

05.04.2024

Årsrapport	2023 05.04.2024	2022 19.06.2023
Kortfristede varebeholdninger	7.499.366	1.847.740
Kortfristede tilgodehavender fra salg og tjenesteydelser	260.422	405.363
Likvider	23.641	13.712.077
Kortfristede aktiver	284.063	405.363
Immaterielle aktiver og goodwill	49.009.272	52.998.726
Finansielle anlægsaktiver	129.399.508	158.859.454
Materielle aktiver	199.177.406	270.802.616
Langfristede aktiver	129.399.508	158.859.454
Aktiver	129.683.571	159.264.817

Aktiver

05.04.2024

Passiver

05.04.2024

Årsrapport	2023 05.04.2024	2022 19.06.2023
Forslag til udbytte	0	0
Egenkapital	129.630.438	158.764.817
Hensatte forpligtelser	2.667.248	12.199.207
Langfristet gæld til banker	4.816.306	14.170.861
Anden langfristet gæld		0
Leverandører af varer og tjenesteydelser	17.500	500.000
Kortfristede forpligtelser	53.133	500.000
Gældsforpligtelser	53.133	500.000
Forpligtelser	53.133	500.000
Passiver	129.683.571	159.264.817

Passiver

05.04.2024

Nøgletal

05.04.2024

Årsrapport	2023 05.04.2024	2022 19.06.2023
Afkastningsgrad	-24,7 %	-30,8 %
Dækningsgrad	0,2 %	-0,2 %
Resultatgrad	-17,2 %	-19,0 %
Varelagerets omsætningshastighed	30,3	153,9
Egenkapitals-forretning	-30,2 %	-34,1 %
Payout-ratio	Na.	Na.
Gældsdæknings-nøgletal	Na.	Na.
Soliditestgrad	100,0 %	99,7 %
Likviditetsgrad	534,6 %	81,1 %

Resultat

05.04.2024

Gæld

05.04.2024

Årsrapport

05.04.2024

Nyeste:01.01.2023- 31.12.2023(offentliggjort: 05.04.2024)

Information om virksomhedens regnskabsklasse:The consolidated financial statements have been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (large). The parent financial statements have been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (medium). The accounting policies applied to these consolidated financial statements and parent financial statements are consistent with those applied last year.

Oplysning om pantsætninger og sikkerhedsstillelser:23 Assets charged and collateralMortgage debt are secured by way of a deposited mortgage deed registered to the mortgagor on property. The carrying amount of mortgaged propety is 55,508 t.DKK. Bank loans are secured by way of a deposisted floating charge registered to the mortgagor on assets of 42,000 t.DKK nominal. The mortgage contains trade receivables, inventories, other fixtures and fittings, tools and equipment, plant and machinery and intangible assets amounting to 242,152 t.DKK. Bank loans are secured by way of a deposited mortgage deed registered to the mortgagor on assets of 500 t.DKK nominal. The mortgage contains land and buildings incl. other fixtures and fittings, tools and equipment amounting and intangible assets to 97,916 t.DKK.

Oplysning om eventualaktiver:21 Contingent assetsThe group holds a not recognized tax asset that amounts to DKK 23,4m. The tax asset relates to tax losses carried forward for the subsidiaries Nordmark GmbH and Nordmark Coating A/S. The tax asset is not recognized due to uncertainty related to time of utilization of the tax asset.

Beretning

05.04.2024

Dato for ledelsens godkendelse af årsrapporten:2024-02-20

Beskrivelse af usikkerhed ved indregning eller måling:Uncertainty relating to recognition and measurementThe carrying amount of goodwill and other intangible assets relates to acquisitions. Management monitors goodwill and other intangible assets for the Nordmark Group as a whole. The Group has been significantly effected by the decrease in the offshore wind market due to a high degree of market volatility and lower activity than expected. Therefore Management has made an impairment test of recognized net assets within the group. The recoverable amount of the CGU has been determined based on value-in-use calculations. These calculations use pre-tax cash flow projections based on financial budget and outlook approved by management covering a nine-year period. Cash flows beyond the nine-year period are extrapolated using the estimated growth rates. Due to the current market volatility and the nature of these calculations are based on future cashflows there are significant uncertainty relating to recognition and measurement of the recognized assets of DKK 233. 2m and investments in group enterprises 129. 4m (parent). The sensitivity of WACC (pre-tax) - a change of +1. 0% equals will not lead to impairment of goodwill. The sensitivity of long term growth rate - a change of -1% will not lead to impairment of goodwill, a change of + 1. 0% of both WACC (pre-tax) and growth rate equals to an increase in impairment of group goodwill on DKK 12. 5m and DKK 38. 5m on investments in group enterprises (parent).

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:The Board of Directors and the Executive Board have today considered and approved the annual report of Nordmark Group Holding ApS for the financial year 01. 01. 2023 - 31. 12. 2023.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Primary activitiesNordmark (“Nordmark” or the “Company”) is a technology-driven company offering comprehensive solutions and advanced machining of large-scale steel components. Rooted in decades of experience in the industry, Nordmark has forged strong customer relationships in particular targeting the next-generation wind turbines of the future. Nordmark strives to be a trusted partner by adhering to our fundamental principles of being competent, credible, collaborative, climate conscious, and committed. During Q1 2023, Nordmark acquired Skagen Overfladeteknik, now Nordmark Coating, offering surface treatment of large steel components. The acquisition will strengthen Nordmark’s ability to deliver solutions for the wind turbines of the future. Acquisition of Nordmark by Danish Private Equity Fund, CataCap II K/S (“CataCap”) In February 2022, CataCap invested in Nordmark to consolidate Nordmark’s strong market position and further accelerate growth in partnership with the former owners. Today, CataCap is the majority shareholder in Nordmark with 69,9% of the shares and voting shares. CataCap is a member of “Active Owners” and complies with ethical guidelines, guidelines for responsible ownership. Nordmark strives to fulfil the guidelines issued by Active Owners. More information about Active Owners is found on http://aktiveejere. dk. The annual report for Nordmark Group Holding can be found on the website.