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Analyst: XBRLDenmarkIFRS
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Bankruptcy Risk 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Bankruptcy risk for industry  1.5% 1.5% 1.5% 1.5% 1.5%  
Bankruptcy risk  1.1% 1.5% 0.8% 0.5% 0.4%  
Credit score (0-100)  84 76 93 99 100  
Credit rating  A A AA AAA AAA  
Credit limit (mEUR)  3.4 0.4 7.4 9.8 9.9  

How are these values calculated?
 
View the automatically generated explanation of bankruptcy risk

Income statement (mEUR) 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12

Net sales  69 43 40 62 71  
Gross profit  13.7 8.7 16.6 25.4 24.7  
EBITDA  1.5 2.4 9.4 18.4 13.1  
EBIT  -7.0 -6.6 1.4 10.7 5.5  
Pre-tax profit (PTP)  -10.6 -10.2 -0.9 7.5 2.8  
Net earnings  -8.9 -8.4 -0.8 6.3 2.4  
Pre-tax profit without non-rec. items  -10.6 -10.2 -0.9 7.5 2.8  

 
See the entire income statement

Balance sheet (mEUR) 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12

Tangible assets total  103 83.2 80.7 81.7 76.5  
Shareholders equity total  83.9 75.7 77.3 86.1 88.8  
Interest-bearing liabilities  57.7 1.3 1.0 1.2 1.6  
Balance sheet total (assets)  165 147 135 135 144  

Net Debt  45.4 -17.1 -5.2 -4.1 -4.7  
 
See the entire balance sheet

Volume 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12

Net sales  69 43 40 62 71  
Net sales growth  -5.6% -37.3% -6.7% 52.7% 14.5%  
Gross profit  13.7 8.7 16.6 25.4 24.7  
Gross profit growth  -65.6% -36.8% 91.4% 53.0% -2.6%  
Employees  0 4 333 292 353  
Employee growth %  0.0% 0.0% 8,225.0% -12.3% 20.9%  
Employee expenses  0.0 0.0 0.0 0.0 0.0  
Balance sheet total (assets)  165 147 135 135 144  
Balance sheet change%  -5.0% -11.0% -7.9% 0.2% 6.7%  
Added value  1.5 2.4 9.4 18.7 13.1  
Added value %  2.2% 5.5% 23.2% 30.3% 18.6%  
Investments  -3 -39 1 -9 -11  

Net sales trend  -1.0 -2.0 -3.0 1.0 2.0  
EBIT trend  -1.0 -2.0 1.0 2.0 3.0  

Profitability 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
EBITDA %  2.2% 5.5% 23.2% 29.9% 18.6%  
EBIT %  -10.1% -15.2% 3.5% 17.4% 7.8%  
EBIT to gross profit (%)  -50.9% -75.6% 8.5% 42.2% 22.2%  
Net Earnings %  -12.9% -19.5% -2.1% 10.3% 3.4%  
Profit before depreciation and extraordinary items %  -0.5% 1.2% 17.7% 22.7% 14.2%  
Pre tax profit less extraordinaries %  -15.4% -23.5% -2.2% 12.2% 4.0%  
ROA %  -4.1% -4.2% 1.1% 8.0% 4.0%  
ROI %  -4.5% -5.1% 1.4% 10.3% 5.3%  
ROE %  -10.4% -10.5% -1.1% 7.7% 2.7%  

Solidity 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Equity ratio %  50.9% 51.6% 57.3% 63.7% 61.5%  
Relative indebtedness %  117.3% 164.1% 143.0% 79.8% 78.8%  
Relative net indebtedness %  99.5% 121.4% 127.4% 71.1% 69.7%  
Net int. bear. debt to EBITDA, %  2,932.4% -725.3% -56.0% -22.2% -36.2%  
Gearing %  68.8% 1.7% 1.3% 1.4% 1.8%  
Net interest  0 0 0 0 0  
Financing costs %  6.2% 12.3% 202.0% 288.6% 191.1%  

Liquidity 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Quick Ratio  0.8 1.0 0.9 1.1 1.1  
Current Ratio  1.2 1.2 1.2 1.4 1.3  
Cash and cash equivalent  12.3 18.5 6.3 5.3 6.4  

Capital use efficiency 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Trade debtors turnover (days)  26.4 36.1 39.2 36.7 34.2  
Trade creditors turnover (days)  48.1 76.7 104.6 32.6 54.9  
Current assets / Net sales %  78.0% 105.6% 96.4% 65.5% 78.5%  
Net working capital  9.2 6.3 6.4 10.8 12.9  
Net working capital %  13.4% 14.7% 16.0% 17.5% 18.3%  

Employee efficiency 
2020
2020/12
2021
2021/12
2022
2022/12
2023
2023/12
2024
2024/12
Net sales / employee  0 11 0 0 0  
Added value / employee  0 1 0 0 0  
Employee expenses / employee  0 0 0 0 0  
EBITDA / employee  0 1 0 0 0  
EBIT / employee  0 -2 0 0 0  
Net earnings / employee  0 -2 -0 0 0