Key Figures
Below is a summary of net revenue, profit after tax, cash flow and other key figures for the last five years.
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| Key figures | Unit | 2022/23 | 2021/22 | 2020/21 | 2019/20 | 2018/19 |
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| Revenue | DKK million | 931.2 | 1.065 | 809.7 | 727.3 | 708.2 |
| Growth | % | -12.6 | 31.5 | 11.3 | 2.7 | 17.8 |
| Of which exports | DKK million | 769.9 | 884.6 | 688.0 | 629.0 | 633.3 |
| Export percentage | % | 83 | 83 | 85 | 86 | 89 |
| Earnings before depreciation, amortisation and impairment losses (EBITDA) | DKK million | 64.3 | 107.5 | 96.5 | 80.3 | 81.1 |
| Operating profit (EBIT) | DKK million | 15.9 | 64.9 | 58.6 | 41.9 | 61.9 |
| Net finance income and costs | DKK million | -13.8 | 15.5 | -2.8 | -12.8 | -1.3 |
| Profit before tax | DKK million | 2.6 | 80.6 | 58.8 | 32.0 | 62.9 |
| Tax | DKK million | -6.9 | -22.4 | -12.6 | -7.0 | -13.9 |
| Profit after tax | DKK million | -4.3 | 58.2 | 46.2 | 25.0 | 49.0 |
| Cash flows from: |
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| Operating activities | DKK million | 26.5 | 9.1 | 39.4 | 57.2 | 43.8 |
| Investing activities | DKK million | -34.8 | -41.1 | -36.6 | -30.5 | -80.2 |
| Financing activities | DKK million | -44.0 | -45.2 | -32.0 | -18.1 | 35.7 |
| Cash flows for the year | DKK million | -52.2 | -77.2 | -29.2 | 8.6 | -0.7 |
| Investments in property, plant and equipment | DKK million | 23.7 | 32.2 | 27.8 | 22.7 | 25.2 |
| Depreciation, amortisation and impairment losses | DKK million | 48.3 | 42.6 | 37.9 | 38.4 | 19.2 |
| Equity | DKK million | 326.6 | 358.7 | 322.1 | 283.4 | 281.2 |
| Statement of financial position total | DKK million | 813.8 | 868.5 | 731.2 | 645.5 | 562.3 |
| Invested capital | DKK million | 580.7 | 580.8 | 474.7 | 411.3 | 349.1 |
| Working capital | DKK million | 299.3 | 311.3 | 223.8 | 172.3 | 166.3 |
| Average number of employees | Number | 1,242 | 1,358 | 1,163 | 1,151 | 855 |
| Revenue per employee | DKK million | 0.7 | 0.8 | 0.7 | 0.6 | 0.8 |
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| Financial ratios | | | | | | |
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| Gross margin | % | 33.3 | 32.5 | 36.4 | 37.6 | 40.1 |
| EBITDA margin | % | 6.9 | 10.1 | 11.9 | 11.0 | 11.5 |
| EBIT margin | % | 1.7 | 6.1 | 7.2 | 5.8 | 8.7 |
| Return on invested capital (ROIC) before tax | % | 0.4 | 15.3 | 13.3 | 8.4 | 22.7 |
| Return on invested capital (ROIC) after tax | % | -0.7 | 11.0 | 10.4 | 6.6 | 17.7 |
| Earnings per share (EPS) | DKK | -2.3 | 30.8 | 24.4 | 13.2 | 25.9 |
| Return on equity | % | -1.3 | 17.1 | 15.3 | 8.9 | 18.5 |
| Equity ratio | % | 40.1 | 41.3 | 44.1 | 43.9 | 50.0 |
| Book value per share at year end | DKK | 173 | 190 | 170 | 150 | 149 |
| Market price at year end | DKK | 306 | 515 | 630 | 690 | 712 |
| Price/book value |
| 1.8 | 2.7 | 3.7 | 4.6 | 4.8 |
| Price earnings (PE) | DKK | -133.6 | 16.7 | 25.8 | 52.2 | 27.5 |
| Price cash flow (PCF) | DKK | 21.8 | 107.1 | 30.3 | 22.8 | 30.7 |
| Proposed dividend per DKK 20 share | DKK | 0.00 | 10.75 | 9.75 | 5.00 | 10.50 |
| Dividend yield | % | 0.0 | 2.1 | 1.5 | 0.7 | 1.5 |
| Payout ratio | % | 0 | 35 | 40 | 38 | 41 |
