Glunz & Jensen Holding A/s · OMXCOP:GJ
Glunz & Jensen Holding A/s — Shareholder Meeting (April 2025)
31 slides from Glunz & Jensen Holding A/s's shareholder meeting presentation, Apr 9, 2025
Slide 1: Welcome to the annual general meeting in Glunz & Jensen Holding A/S 2025
Welcome to the annual general meeting in Glunz & Jensen Holding A/S 2025 Wednesday, April 9th, 2025 The content in this presentation has been made available in annual reports and in company announcements – and the presentation is also uploaded on Glunz-Jensen.com, see under annual general meeting fo
Slide 2: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 3: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 4: 2024 overview
2024 overview 2024 was – from an operational point of view – a good Revenue, MDKK year for Glunz & Jensen: - Delivery service to our customers of equipment and spare parts improved during the year, as the supply of parts became normalized by the end of 2023. - The activity within the offset segment
Slide 5: Business focus 2024 and 2025
Business focus 2024 and 2025 Sales • Benefits from consolidated manufacturing in Slovakia – including local sourcing and spare parts distribution • Continue to develop key-partnerships with OEM’s • Further utilize key position on the Offset market, including iCtP Market • Offset: Still a challenging
Slide 6: Remuneration of the Board of Directors, the Executive Management and Senior Executives
Remuneration of the Board of Directors, the Executive Management and Senior Executives • The Board of Directors – Fixed fee – No incentive pay • The Executive Management/Senior Executive Management – Fixed salary – Short term bonus program – performance based • Senior Managers – Fixed salary – Short
Slide 7: Annual evaluation of the Board of Directors
Annual evaluation of the Board of Directors In line with the recommendations in statutory statement (3.5.1) for corporate governance, the chairman of the Board of Directors reports on “annual evaluation of the Board of Directors and the individual members” as follows: After each board meeting, the B
Slide 8: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Decharge for the board of directors and management. 4. Proposal for appropriat
Slide 9: Annual report - 2024
Annual report - 2024 GLUNZ &JENSEN™
Slide 10: 2024 overview
2024 overview MDKK Gross profit margin improved • The inflation in Slovakia dropped to 5,1% which is approx. half of the 2023 level. The inflation in Denmark came to 2,0%. • Selected sales prices were increased during 2024. • We continue to adjust our organization to become more efficient and custom
Slide 11: Share/market value development/shareholder composition
Share/market value development/ shareholder composition Glunz & Jensen Holding A/S shares (source: Euronext Securities)) April 9, 2025 December 31, 2024 December 31, 2023 December 31, 2022 March 31, 2022 Ending price 67,00 74,50 71,50 74,50 77,50 Trading volume per year n/a 62.307 57.706 73.551 162.
Slide 12: Annual report - 2024 Profit & loss statement
Annual report - 2024 Profit & loss statement DKK mill. 2024 2023 Revenue 131,0 143,3 Gross profit 34,4 31,9 Operating profit/(loss) 7,9 8,6 Profit/loss before financial income and expenses, tax, depreciation, amortization and impairment of assets (EBITDA) 9,5 10,8 Financial items, net (4,6) (4,9) Pr
Slide 13: Annual report - 2024 Balance sheet
Annual report - 2024 Balance sheet DKK mill. 2024 2023 Assets Non-current assets 155,8 154,1 Current assets 56,3 64,2 Total assets 212,1 218,3 Liabilities Equity 104,4 101,2 Non-current liabilities 72,6 72,1 Current liabilities 35,1 45,0 Total liabilities 212,1 218,3 13
Slide 14: Annual report - 2024 Statement of cash flow
Annual report - 2024 Statement of cash flow DKK mill. 2024 2023 Cash from: Operating activities 6,5 14,0 Investing activities (1,6) (0,7) Financing activities (5,6) (13,0) Net cash flow generated during the year (0,7) 0,3 Free cash flow 5,0 13,3 14
Slide 15: Annual report - 2024 Equity
Annual report - 2024 Equity DKK mill. 2024 Equity, December 31, 2023 101,2 Profit/(loss) for the year 2,8 Other comprehensive income, including exchange rate adjustments and value adjustments of hedging instruments. 0,4 Equity, December 31, 2024 104,4 15
Slide 16: Outlook (guidance) - 2025
Outlook (guidance) - 2025 GLUNZ &JENSEN™ 16
Slide 17: Outlook (guidance) 2025
Outlook (guidance) 2025 2025 2024 DKK mill. Outlook Actual Revenue 132 131,0 EBITDA 15 9,5 Profit before tax 8 3,3 Harvesting and further improving sales- and distribution via OEM partners and independent distributors. The rental income from the investment properties are back to normal as we don
Slide 18: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 19: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 20: Proposal for appropriation of profits or covering losses
Proposal for appropriation of profits or covering losses The Board of Directors proposes to the Annual General Meeting that no dividend be distributed for fiscal 2024, and the Company's result for the year will be transferred to next year. Profit/(loss) for the year DKK 2,8 mill. Proposed dividend D
Slide 21: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 22: Proposals from the board of directors or the shareholders
Proposals from the board of directors or the shareholders Ad. 5 a): Update of the company's remuneration policy for the Board of Directors, the Executive Board, the Audit committee, the Remuneration committee, and the Product committee The Board of Directors proposes no changes to the Board of Direc
Slide 23: Proposals from the board of directors or the shareholders
Proposals from the board of directors or the shareholders Ad. 5 a) continued: Update of the company's remuneration policy for the Board of Directors, the Executive Board, the Audit committee, the Remuneration committee and the Product committee The Board of Directors proposes confirmation of the rem
Slide 24: Proposals from the board of directors or the shareholders
Proposals from the board of directors or the shareholders Ad. 5 b): Selandia Park A/S, a wholly owned subsidiary of Glunz & Jensen Holding A/S, has demonstrated a significant development in profitability over the past years. The approx. 17.000 m2 rental property is by March 1st, 2025, almost 100% su
Slide 25: Proposals from the board of directors or the shareholders
Proposals from the board of directors or the shareholders Ad. 5 b) continued: The Board of Directors in Glunz & Jensen Holding A/S receives a mandate as follows: Glunz & Jensen Holding A/S will initiate a formal review process, including market assessments, identifying potential buyers, and determin
Slide 26: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 27: Election of members of the board of directors
Election of members of the board of directors. Ad. 6: Randi Toftlund Pedersen does not seek re-election. The Board of Directors proposes that Thomas Haase (employee elected board member during 2021-2025) is elected as an ordinary board member. The Board of Directors proposes that the Board of Direct
Slide 28: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 29: Election of auditor
Election of auditor Ad. 7: The Board of Directors proposes re-election of KPMG P/S as auditor of the Group. 29
Slide 30: Agenda
Agenda Appointment of the Chairman of the meeting 1. The board of director’s report regarding the company’s business in the past year. 2. Submission of the audited annual report 2024 with auditor’s report for approval. 3. Discharge for the board of directors and management. 4. Proposal for appropria
Slide 31: Thank you to shareholders, guests and employees
Thank you to shareholders, guests and employees For additional information: www.glunz-jensen.com 31
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