Investeringsselskabet Af 3. November 2025 A/s · OMXCOP:3NOV25
Investeringsselskabet Af 3. November 2025 A/s — Skako — Q1 2024 Earnings Presentation
24 slides from Investeringsselskabet Af 3. November 2025 A/s's earnings presentation, May 22, 2024
Slide 1: Quarterly report 2024 – Interim Report Q1
Quarterly report 2024 2024 Accounting period: 1. January – 31. March 2024 INTERIM REPORT Q1 Revenue EBIT before special items EBIT margin before special items ROIC Order backlog (DKKm) (DKKm) (DKKm) 59.1 4.6 7.8% 77.1% 66.4 (-4.5%) (0.0%) (+0.4pp) (+60.5pp) (-14.9%) Down from 61.9 in Q1 2023 Equal t
Slide 2: Contents
CONTENTS Quarterly report 2024 1 Q1 2024 IN BRIEF 3 2 KEY FIGURES AND FINANCIAL RATIOS 4 3 FINANCIAL REVIEW Q1 2024 8 4 FINANCIAL STATEMENTS 12 4.1 STATEMENT BY MANAGEMENT 13 4.2 CONSOLIDATED INCOME STATEMENT 14 4.3 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 15 4.4 CONSOLIDATED BALANCE SHEET 31
Slide 3: Q1 2024 in Brief
1. Q1 2024 IN BRIEF Quarterly report 2024 Q1 2024 Q1 2023 Q1 2024 Q1 2023 Plant sales After sales Plant sales After sales 5% 40.2 (mDKK) 18.9 (mDKK) 44.2 (mDKK) 17.6 (mDKK) 8% 15% 20% 32% 28% 35% Revenue split 34% Revenue split by segments by segments Revenue split Revenue split by plant sales by pl
Slide 4: Key Figures and Financial Ratios
2. KEY FIGURES AND FINANCIAL RATIOS Quarterly report 2024 DKK thousands Q1 2024 Q1 2023 FY 2023 INCOME STATEMENT Revenue 59,068 61,873 248,159 Gross profit 17,031 17,505 74,734 Operating profit (EBIT) before special items 4,578 4,591 24,599 Special items - (1,934) (1,934) Operating profit (EBIT) aft
Slide 5: Key Figures and Financial Ratios Continued
KEY FIGURES AND FINANCIAL RATIOS CONTINUED Quarterly report 2024 DKK thousands Q1 2024 Q1 2023 FY 2023 FINANCIAL RATIOS Gross profit margin 28.8% 28.3% 30.1% Profit margin (EBIT margin) before special items 7.8% 7.4% 9.9% Liquidity ratio 153.5% 169.7% 254.9% Equity ratio 44.0% 35.7% 62.8% Return on
Slide 6: Key Figures and Financial Ratios – EUR
KEY FIGURES AND FINANCIAL RATIOS – EUR Quarterly report 2024 EUR thousands Q1 2024 Q1 2023 FY 2023 INCOME STATEMENT Revenue 7,923 8,305 33,305 Gross profit 2,284 2,350 10,030 Operating profit (EBIT) before special items 594 616 3,301 Special items - (260) (260) Operating profit (EBIT) after special
Slide 7: Key Figures and Financial Ratios – EUR Continued
KEY FIGURES AND FINANCIAL RATIOS – EUR CONTINUED Quarterly report 2024 EUR thousands Q1 2024 Q1 2023 FY 2023 FINANCIAL RATIOS Gross profit margin 28.8% 28.3% 30.1% Profit margin (EBIT margin) before special items 7.8% 7.4% 9.9% Liquidity ratio 153.5% 169.7% 254.9% Equity ratio 44.0% 35.7% 62.8% Retu
Slide 8: Financial Review Q1 2024
3. FINANCIAL REVIEW Q1 2024 Quarterly report 2024 DKK thousands Q1 2024 Q1 2023 Change Plant sales revenue 40,201 44,234 -9.1% Aftersales revenue 18,867 17,633 7.0% Total revenue 59,068 61,873 -4.5% Production costs (42,037) (44,368) -5.3% Gross profit 17,031 17,505 -2.6% Gross profit margin 28.8% 2
Slide 9: Financial Performance Q1 2024
Financial performance Q1 2024 The vibration business has for many years delivered stable growth and returns Quarterly report 2024 with an operating profit in 2023 of around 10%. This has been delivered by selling sorting solutions based on Vibration technology in the three main customer segments. We
Slide 10: Financial Performance Q1 2024 – Gross Profit, Costs, Cash Flow
Financial performance Q1 2024 Gross profit Divestment of Concrete activities Quarterly report 2024 Gross proft margin increased with 0.5pp due to the higher share of aftersales The SKAKO Concrete activities were sold to Zefyr Invest IV as of December 29, and therby limiting the decline in gross prof
Slide 11: Financial Highlight and Outlook 2024
Financial highlight Equity Outlook 2024 Quarterly report 2024 Group equity was DKK 93.0m on 31 March 2024 (DKK 94.3m on 31 March 2023) We anticipate that market conditions in the fastener business will remain corresponding to an equity ratio of 44.0% (35.7% on 31 March 2023). weaker than expected, r
Slide 12: 4. Financial Statements
Quarterly report 2023 2024 Page 12 4. FINANCIAL STATEMENTS
Slide 13: 4.1 Statement by Management
4.1 STATEMENT BY MANAGEMENT Quarterly report 2024 We have considered and approved the interim report of SKAKO A/S for In our opinion, the interim financial report gives a true and fair view of the period 1 January – 31 March 2024. the Group’s assets, liabilities, and financial position on 31 March 2
Slide 14: 4.2 Consolidated Income Statement
4.2 CONSOLIDATED INCOME STATEMENT Quarterly report 2024 DKK thousands Q1 2024 Q1 2023 2023 Revenue from contracts with customers 59,068 61,873 248,159 Production costs (42,037) (44,368) (173,425) Gross profit 17,031 17,505 74,734 Distribution costs (7,294) (7,442) (26,010) Administrative expenses (5
Slide 15: 4.3 Consolidated Statement of Comprehensive Income
4.3 CONSOLIDATED STATEMENT OF COMPREHENSIVE Quarterly report 2024 INCOME DKK thousands Q1 2024 Q1 2023 2023 Profit for the period 2,561 1,196 81,237 Other comprehensive income: Items that have been or may subsequently be reclassified to the income statement: Foreign currency translation, subsidiarie
Slide 16: 4.4 Consolidated Balance Sheet 31 March
4.4 CONSOLIDATED BALANCE SHEET 31 MARCH Quarterly report 2024 DKK thousands Q1 2024 Q1 2023 2023 Intangible assets 25,829 24,405 25,189 Intangible assets under development 2,465 1,971 1,615 Intangible assets 28,294 26,376 26,804 Leased assets 8,688 8,217 8,025 Land and buildings 4,093 2,428 4,173 Pl
Slide 17: Consolidated Balance Sheet Continued
CONSOLIDATED BALANCE SHEET 31 MARCH CONTINUED Quarterly report 2024 DKK thousands Q1 2024 Q1 2023 2023 Share capital 31,064 31,064 31,064 Foreign currency translation reserve - (2,007) 2,743 Hedging reserve - (43) - Proposed dividends 15,532 15,532 15,532 Retained earnings 46,386 49,796 165,725 Equi
Slide 18: 4.5 Consolidated Cash Flow Statement
4.5 CONSOLIDATED CASH FLOW STATEMENT Quarterly report 2024 DKK thousands Q1 2024 Q1 2023 2023 Profit before tax 4,793 2,059 104,391 Adjustments (1,149) 76 (67,073) Changes in receivables, etc. (7,736) (3,941) 45,207 Change in inventories (3,923) (2,659) (4,378) Change in trade payables and other lia
Slide 19: 4.6 Consolidated Statement of Changes in Equity
4.6 CONSOLIDATED STATEMENT OF CHANGES IN Quarterly report 2024 EQUITY Foreign currency Retained Proposed Shared capital Hedging reserve Equity translation reserve earnings dividends Equity 1 January 2024 31,064 2,743 - 165,725 15,532 215,064 Extraordinary dividends (121,989) 121,989 - Paid dividends
Slide 20: Consolidated Statement of Changes in Equity Continued
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY CONTINUED Quarterly report 2024 Foreign currency Retained Proposed Shared capital Hedging reserve Equity translation reserve earnings Dividends Equity 1 January 2023 31,064 82 (49) 99,538 15,532 146,167 Paid dividends (15,532) (15,532) Comprehensive income
Slide 21: 4.7 Quarterly Key Figures and Financial Ratios
4.7 QUARTERLY KEY FIGURES AND FINANCIAL RATIOS Quarterly report 2024 DKK thousands Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Full year 2023 INCOME STATEMENT Revenue 59,068 70,897 58,010 61,640 61,873 248,159 Gross profit 17,031 20,873 13,347 18,748 17,505 74,734 Operating profit (EBIT) before special
Slide 22: Quarterly Key Figures and Financial Ratios Continued
QUARTERLY KEY FIGURES AND FINANCIAL RATIOS CONTINUED Quarterly report 2024 DKK thousands Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Full year 2023 FINANCIAL RATIOS Gross profit margin 28.8% 29.4% 23.0% 30.4% 28.3% 30.1% Profit margin (EBIT margin) before special items 7.8% 10.6% 11.2% 9.7% 7.4% 9.9% Pr
Slide 23: Financial Ratio Definitions
FINANCIAL RATIO Quarterly report 2024 • Financial ratios are calculated as follows: • Price-book ratio = Share price / Equity per share • Gross profit margin = Gross profit x 100 / Revenue • Market capitalization = Total number of share x Share price • Profit margin = EBIT x 100 / Revenue • ROIC = N
Slide 24: Contact details
Quarterly report 2024 Bygmestervej 2 DK-5600 Faaborg Denmark Tel.: +45 6311 3860 skako.dk@skako.com Page 24 www.skako.com CVR No. 36440414