Icm A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Primary activities
The Company is a part of Bunzl Group, and its primary activities are sale of working environment solutions, including products as coveralls, fall arrest systems, gloves, and respiratory protection, from leading manufacturers and proprietary products under the BlueStar brand.
The Company´s sales and service activities are focused on Danish and International business-to-business customers.

Beskrivelse af usikkerhed ved indregning eller måling

Development in activities and finances and result compared to expectations
The Company continues to develop its position and activities relating to the sale of personal safety and environmental safety products.
The income statement for the financial year 01.01.2024 - 31.12.2024 shows net results of DKK 35,488,235 against DKK 28,142,474 for the financial year 01.01.2023 - 31.12.2023. The balance sheet shows equity of DKK 155,668,508.
The result for 2024 is better than expected due to a higher activity among the company´s larger customers primarily within the wind and pharmaceutical industry. The company has a strong focus in relation to the cost of goods sold, which have had a positive impact on gross margin. Finally, the cost level in the company has followed a stable development in line with the underlying business. The company finds the result to be satisfactory. The Company continues to execute its strategy on added value and digital customer solutions for Danish and international customers .

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen

Market development
ICM A/S operates in the market of personal safety equipment and technical articles, particularly for the industrial and building sector. We operate in a narrow business segment and tend to stay within our own core competence area.
In future, the Management will focus on continued expansion of the market share without compromising on the Company’s profitability. To expand and continue the growth, ICM will keep focusing on being relevant for the customers. This being both in relation to products, digital interface solutions and through strong partnerships with suppliers and stakeholders.
In 2025 we expect to see more instability and more changes in the market. ICM A/S will continuously follow the development, ensuring the ability to adapt to the effect of the market changes. We will lean towards the learnings from the financial crisis in 2008 and the Covid-19 to secure that we navigate with respect for ICM A/S’s best interest.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Business risks
For several years, the Company has established significant long-lasting customer relations, whose continued development will affect the development of ICM A/S. Appreciable changes to these customer relations could imply, that ICM A/S will be forced to adapt its business, which would, naturally, take some time and affect the results of the Company.
Over time the strategy and development of ICM A/S will reduce of the business risk of individual customers. ICM A/S will target new customers and expand the customer service offering as digital and consultancy services to enable the growth and simultaneously reduce the risk of setbacks at selected individual customers.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Financial risks
As a consequence of its operating activities, investments and financing, the Company is exposed to changes in exchange rates into USD and EUR and interest rate levels. Most of the sales and purchases are in DKK or EUR with lower risk due to minor fluctuations in exchange rates. Only a smaller part of the sales and purchases are in USD, which is why the risk of exchange rates fluctuations are significantly minimized. The Company persuades a low risk profile, ensuring that currency exposure as well as interest rate and credit risks shall only arise based on commercial conditions.

Beskrivelse af virksomhedens forventede udvikling

Recognition or measurement uncertainty
No recognition or measurement uncertainty has been found in the annual report.