Group financial highlights for the latest 5 year
| DKKm | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| INCOME STATEMENT | |||||
| Revenue |
18,750 | 20,646 |
16,441 |
17,581 | 21,849 |
| Gross profit | 4,693 | 4,849 | 3,865 | 4,180 | 5,076 |
| EBITDA before special non-recurring items |
1,826 | 2,008 | 1,134 | 1,401 | 1,300 |
| EBITA | 1,585 | 1,663 | 771 | 1,030 | 943 |
| EBIT | 1,220 | 1,286 | 428 | 668 | 619 |
| Financial items, net |
(161) | (118) | (47) | (81) | (67) |
| EBT | 1,059 | 1,171 | 381 | 587 | 552 |
| Profit/loss for the year, continuing activities |
811 | 798 | 226 | 374 | 351 |
| Profit/loss for the year, discontinued activities |
(176) | (22) | (21) | (17) | 1 |
| Profit/loss for the year |
635 | 776 | 205 | 357 | 352 |
| ORDERS | |||||
| Order intake (gross), continuing activities |
21,741 | 19,554 | 18,524 | 19,233 | 24,644 |
| Order backlog, continuing activities |
16,218 | 14,192 | 14,874 | 16,592 | 23,541 |
| EARNING RATIOS | |||||
| Gross margin |
25.0 % | 23.5 % | 23.5% | 23.8% | 23.2% |
| EBITDA margin before special non-recurring items |
9.7 % | 9.7 % | 6.9% | 8.0% | 5.9% |
| EBITA margin |
8.5 % | 8.1 % | 4.7% | 5.9% | 4.3% |
| EBIT margin |
6.5 % | 6.2 % | 2.6% | 3.8% | 2.8% |
| EBT margin |
5.6 % | 5.7 % | 2.3% | 3.3% | 2.5% |
| CASH FLOW | |||||
| CFFO | 385 | 948 | 1,421 | 1,449 | 968 |
| Acquisitions of tangible assets |
(288) | (177) | (171) | (116) | (88) |
| CFFI | (285) | (661) | (376) | (273) | (2,310) |
| Free cash flow |
100 | 287 | 1,045 | 1,176 | (1,342) |
| Free cash flow adjusted for acquisitions and disposals of enterprises and activities |
(15) | 574 | 1,082 | 1,185 | 777 |
| BALANCE SHEET | |||||
| Net working capital |
2,200 | 2,739 | 1,752 | 1,058 | 1,893 |
| Net interest-bearing debt (NIBD) |
(1,922) | (2,492) | (1,808) | 889 | (726) |
| Total assets |
21,743 | 23,532 | 20,456 | 23,053 | 29,845 |
| Equity |
8,266 | 8,793 | 8,130 | 10,368 | 10,787 |
| Dividend to shareholders, proposed |
461 | 0 | 103 | 173 | 173 |
| FINANCIAL RATIOS |
|||||
| CFFO / Revenue |
2.1 % | 4.6 % | 8.6% | 8.2% | 4.4% |
| Book-to-bill |
116.0 % | 94.7 % | 112.7% | 109.4% | 112.8% |
| Order backlog / Revenue |
86.5 % | 68.7 % | 90.5% | 94.4% | 107.7% |
| Return on equity |
7.8 % | 9.1 % | 2.4% | 3.9% | 3.3% |
| Equity ratio |
38.0 % | 37.4 % | 39.7% | 45.0% | 36.1% |
| ROCE, average |
11.0 % | 10.9 % | 5.1% | 7.2% | 5.9% |
| Net working capital ratio, end |
11.7 % | 13.3 % | 10.7% | 6.0% | 7.8% |
| NIBD/EBITDA |
1.1 | 1.2 | 1.6 | (0.6) | 0.6 |
| Capital employed, average |
14,338 | 15,251 | 15,195 | 14,384 | 15,888 |
| Number of employees |
11,368 | 11,765 | 10,639 | 10,117 | 10,977 |
| SHARE RATIOS | |||||
| CFPS (cash flow per share), (diluted) |
7.7 | 18.9 | 28.3 | 27.8 | 17.0 |
| EPS (earnings per share), (diluted) |
12.8 | 15.5 | 4.2 | 6.9 | 6.5 |
| Dividend yield |
3.1 | 0.0 | 0.9 | 1.2 | 1.2 |
| Dividend per share, proposed | 9 | 0 | 2 | 3 | 3 |
| Share price |
293.1 | 265.4 | 232.8 | 244.3 | 251.7 |
| Number of shares (1,000), end |
51,250 | 51,250 | 51,250 | 57,650 | 57,650 |
| Market capitalisation |
15,021 | 13,602 | 11,931 | 14,084 | 14,511 |
| SUSTAINABILITY KEY FIGURES | |||||
| Spend with suppliers with science-based targets* | 4.9% | 7.7% | |||
| Safety, Total recordable incident rate (TRIR)* | 3.0 | 1.6 | 1.0 | 1.9 | 1.5 |
| Quality, Delivery in full on time (DIFOT) | 87.0% | 88.0% | 88.3% | 85.1% | 81.9% |
| Scope 1 & 2 greenhouse gas emissions (tCO2e) market-based | 41,155 | 34,737 | 36,767 | ||
| Scope 3: Economic intensity | Use of sold products (GHGs in tonnes CO2e/DKKm order intake)* |
10,663 | 10,348** | 5,310 | ||
| Water withdrawal (m3) | 227,272 | 221,613 | 197,346 | 201,997 | 178,064 |
| Suppliers assessed for sustainability | 195 | 689 | 390 | 641 | 676 |
| Women managers | 10.4% | 11.2% | 13.1% | 14.3% | 14.3% |
IFRS 16 was adopted 1 January 2019. No figures prior to 1 January 2019, throughout the report, have been restated.
*Sustainability key figures are from our Sustainability Report. Starting in 2018, TRIR is including contractors. Spend with suppliers with sciencebased targets was tracked for the first time in 2021. Scope 3 economic intensity was a new target introduced in 2021 using 2019 data as baseline. No data was tracked for economic intensity in 2020.
**Reported lifetime greenhouse gas emissions for 2021 have been recalculated by 631 tonnes CO₂e due to two orders moved from 2021 to 2022 to align with the effective Order Intake date
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