Market Closed -
Nasdaq Copenhagen
10:59:52 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
130.7
DKK
|
+3.16%
|
|
+2.75%
|
+1.36%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
29,524
|
19,467
|
23,087
|
27,211
|
23,899
|
24,108
|
-
|
-
|
Enterprise Value (EV)
1 |
44,359
|
35,269
|
36,538
|
38,751
|
36,684
|
34,218
|
33,110
|
32,861
|
P/E ratio
|
21.9
x
|
-3.74
x
|
37.9
x
|
13.4
x
|
86
x
|
9.12
x
|
7.92
x
|
7.14
x
|
Yield
|
4.82%
|
-
|
-
|
1.43%
|
1.78%
|
2.96%
|
3.52%
|
4.2%
|
Capitalization / Revenue
|
0.38
x
|
0.28
x
|
0.32
x
|
0.36
x
|
0.3
x
|
0.29
x
|
0.28
x
|
0.27
x
|
EV / Revenue
|
0.56
x
|
0.51
x
|
0.51
x
|
0.51
x
|
0.47
x
|
0.42
x
|
0.39
x
|
0.36
x
|
EV / EBITDA
|
9.04
x
|
-25.4
x
|
10.3
x
|
8.88
x
|
7.66
x
|
5.99
x
|
5.43
x
|
5.16
x
|
EV / FCF
|
47.6
x
|
-19.7
x
|
21.1
x
|
22.3
x
|
20.7
x
|
18
x
|
12.8
x
|
13.1
x
|
FCF Yield
|
2.1%
|
-5.09%
|
4.75%
|
4.47%
|
4.84%
|
5.55%
|
7.81%
|
7.66%
|
Price to Book
|
2.36
x
|
2.99
x
|
3.04
x
|
2.68
x
|
2.21
x
|
2.13
x
|
1.87
x
|
1.69
x
|
Nbr of stocks (in thousands)
|
184,698
|
184,698
|
184,698
|
184,729
|
185,333
|
184,454
|
-
|
-
|
Reference price
2 |
159.8
|
105.4
|
125.0
|
147.3
|
129.0
|
130.7
|
130.7
|
130.7
|
Announcement Date
|
2/26/20
|
2/25/21
|
2/24/22
|
2/23/23
|
2/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
78,555
|
69,823
|
71,363
|
76,538
|
78,681
|
82,360
|
85,756
|
90,061
|
EBITDA
1 |
4,907
|
-1,386
|
3,536
|
4,364
|
4,789
|
5,708
|
6,098
|
6,364
|
EBIT
1 |
3,290
|
-3,226
|
1,776
|
2,876
|
3,300
|
4,151
|
4,477
|
4,684
|
Operating Margin
|
4.19%
|
-4.62%
|
2.49%
|
3.76%
|
4.19%
|
5.04%
|
5.22%
|
5.2%
|
Earnings before Tax (EBT)
1 |
1,854
|
-5,272
|
1,045
|
2,446
|
2,531
|
3,495
|
3,812
|
4,174
|
Net income
1 |
1,350
|
-5,205
|
615
|
2,058
|
279
|
2,597
|
2,919
|
3,086
|
Net margin
|
1.72%
|
-7.45%
|
0.86%
|
2.69%
|
0.35%
|
3.15%
|
3.4%
|
3.43%
|
EPS
2 |
7.300
|
-28.20
|
3.300
|
11.00
|
1.500
|
14.33
|
16.51
|
18.32
|
Free Cash Flow
1 |
931
|
-1,794
|
1,735
|
1,734
|
1,775
|
1,899
|
2,586
|
2,517
|
FCF margin
|
1.19%
|
-2.57%
|
2.43%
|
2.27%
|
2.26%
|
2.31%
|
3.02%
|
2.79%
|
FCF Conversion (EBITDA)
|
18.97%
|
-
|
49.07%
|
39.73%
|
37.06%
|
33.27%
|
42.4%
|
39.55%
|
FCF Conversion (Net income)
|
68.96%
|
-
|
282.11%
|
84.26%
|
636.2%
|
73.11%
|
88.59%
|
81.56%
|
Dividend per Share
2 |
7.700
|
-
|
-
|
2.100
|
2.300
|
3.863
|
4.606
|
5.491
|
Announcement Date
|
2/26/20
|
2/25/21
|
2/24/22
|
2/23/23
|
2/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
40,669
|
35,927
|
34,342
|
34,404
|
18,480
|
18,747
|
36,959
|
18,075
|
18,868
|
36,943
|
19,300
|
20,295
|
39,595
|
19,731
|
39,661
|
19,973
|
19,047
|
39,020
|
20,149
|
19,852
|
40,183
|
20,722
|
21,166
|
41,904
|
-
|
42,163
|
43,622
|
EBITDA
|
2,723
|
31
|
-1,432
|
1,286
|
-
|
682.2
|
2,250
|
-
|
903
|
-
|
-
|
-
|
-
|
-
|
1,967
|
-
|
-
|
-
|
-
|
-
|
2,378
|
-
|
-
|
3,212
|
-
|
-
|
-
|
EBIT
1 |
1,872
|
-785
|
-2,464
|
508
|
529
|
529
|
1,268
|
-
|
495.5
|
1,061
|
-
|
-
|
1,803
|
-
|
1,250
|
-
|
-
|
2,050
|
781.1
|
781.1
|
1,679
|
1,172
|
1,172
|
2,580
|
-
|
1,868
|
2,796
|
Operating Margin
|
4.6%
|
-2.18%
|
-7.17%
|
1.48%
|
2.86%
|
2.82%
|
3.43%
|
-
|
2.63%
|
2.87%
|
-
|
-
|
4.55%
|
-
|
3.15%
|
-
|
-
|
5.25%
|
3.88%
|
3.93%
|
4.18%
|
5.65%
|
5.54%
|
6.16%
|
-
|
4.43%
|
6.41%
|
Earnings before Tax (EBT)
|
1,128
|
-2,332
|
-2,963
|
183
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-354
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
960
|
-
|
-
|
-
|
185
|
185
|
-
|
441.5
|
441.5
|
-
|
587.5
|
588
|
-
|
-
|
-589
|
-
|
-
|
-
|
487.1
|
487.1
|
-
|
730.6
|
730.6
|
-
|
-
|
-
|
-
|
Net margin
|
2.36%
|
-
|
-
|
-
|
1%
|
0.99%
|
-
|
2.44%
|
2.34%
|
-
|
3.04%
|
2.9%
|
-
|
-
|
-1.49%
|
-
|
-
|
-
|
2.42%
|
2.45%
|
-
|
3.53%
|
3.45%
|
-
|
-
|
-
|
-
|
EPS
2 |
5.200
|
-
|
-
|
-
|
1.000
|
1.000
|
-
|
2.380
|
2.380
|
-
|
3.120
|
3.080
|
-
|
-
|
-
|
-
|
-
|
-
|
2.668
|
2.668
|
-
|
4.003
|
4.003
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2.100
|
-
|
-
|
-
|
-
|
-
|
-
|
1.069
|
1.069
|
-
|
1.069
|
1.069
|
-
|
1.175
|
-
|
-
|
Announcement Date
|
2/26/20
|
8/12/20
|
2/25/21
|
8/11/21
|
2/23/23
|
2/24/22
|
2/24/22
|
5/2/22
|
8/10/22
|
8/10/22
|
11/2/22
|
2/23/23
|
2/23/23
|
8/9/23
|
8/9/23
|
11/22/23
|
2/22/24
|
2/22/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
14,835
|
15,802
|
13,451
|
11,540
|
12,785
|
10,110
|
9,002
|
8,753
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.023
x
|
-11.4
x
|
3.804
x
|
2.644
x
|
2.67
x
|
1.771
x
|
1.476
x
|
1.375
x
|
Free Cash Flow
1 |
931
|
-1,794
|
1,735
|
1,734
|
1,775
|
1,899
|
2,586
|
2,517
|
ROE (net income / shareholders' equity)
|
10.8%
|
-39.3%
|
10.9%
|
23.2%
|
18.6%
|
25.1%
|
25.5%
|
25.9%
|
ROA (Net income/ Total Assets)
|
2.7%
|
-7.98%
|
1.41%
|
4.54%
|
0.59%
|
5.38%
|
5.81%
|
6.12%
|
Assets
1 |
49,935
|
65,201
|
43,629
|
45,330
|
47,352
|
48,253
|
50,229
|
50,462
|
Book Value Per Share
2 |
67.80
|
35.30
|
41.10
|
55.00
|
58.40
|
61.20
|
69.80
|
77.40
|
Cash Flow per Share
2 |
11.10
|
-1.950
|
17.30
|
17.80
|
18.00
|
19.40
|
28.70
|
32.10
|
Capex
1 |
1,095
|
681
|
586
|
809
|
719
|
940
|
1,028
|
974
|
Capex / Sales
|
1.39%
|
0.98%
|
0.82%
|
1.06%
|
0.91%
|
1.14%
|
1.2%
|
1.08%
|
Announcement Date
|
2/26/20
|
2/25/21
|
2/24/22
|
2/23/23
|
2/22/24
|
-
|
-
|
-
|
Last Close Price
130.7
DKK Average target price
160.8
DKK Spread / Average Target +23.04% Consensus |
1st Jan change
|
Capi.
|
---|
| +1.36% | 3.45B | | +10.55% | 67.6B | | +11.64% | 18.21B | | +9.40% | 13.37B | | +16.53% | 9.94B | | -32.90% | 5.74B | | -10.98% | 5.57B | | -4.09% | 4.91B | | -4.83% | 4.87B | | 0.00% | 4.3B |
Other Business Support Services
|