ACO Nordic Group A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Primary activitiesThe ACO Nordic Group operates on the North European market for construction materials, which
​comprise drainage solutions and different roofing solutions, including roof guttering solutions for private
​homes and industrial properties. The activities also include windows and doors.
​
​ACO Nordic Group A/S owns three companies in Denmark: ACO Nordic A/S, Plastmo A/S and Hvidbjerg
​I A/S, as well as several foreign subsidiaries.
​
​The primary activities of ACO Nordic Group A/S are to provide strategic leadership and other shared
​services (including IT and Finance) to all subsidiaries in the Nordic and Baltic geographical areas.

Beskrivelse af usikkerhed ved indregning eller måling

Uncertainty relating to recognition and measurementThe valuation of assets and liabilities is made in accordance with current accounting policies, and
Management believes that no uncertainty is related to recognition and measurement.

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

Unusual circumstances affecting recognition and measurementThere have been no unusual circumstances affecting recognition and measurement in the financial year
​2024.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financesThe Company's income statement for 2024 shows a profit of EUR 5,591 thousand as against EUR 5,382
thousand in 2023. Equity in the Company's balance sheet at 31 December 2024 stood at EUR 30,878
thousand as against EUR 31,439 thousand at 31 December 2023.
Operating risks
The group is affected by fluctuations in the purchase price of raw materials, especially polyvinyl chloride,
zinc and stainless steel.
Because of recent years’ significant fluctuations in raw material prices, it has become difficult to secure
favourable agreements over a longer period of time.
Exchange rate exposure
The group is affected by fluctuations in exchange rates in relations to trading and net investments in
foreign currencies. The risk is managed by way of selective hedging.
Interest rate risk
The Group’s interest-bearing short-term debt is hedged to avoid any uncertainties regarding future
interest rate liabilities. The risk is hedged by way of interest rate swaps.
In general, the Group’s interest-bearing short-term debt carries a floating interest rate, which means that
the interest rate remains unlocked for 12 months. In return, this means that the Group’s interest
expenses will decrease when the interest rate declines.
Credit risks
The Group has large, individual customers in several countries. Any changes in the business relationship
with the customers will have an impact on the Group’s earnings. Credit insurance has been taken in
relation to all of these customers.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

Beskrivelse af virksomhedens forventede udvikling

OutlookThe activities in the first four months of 2025 allow us to keep our ambitions roughly at budget
level, which imply a turnover growth in 2025 of 4% and a profit level slightly higher than last year.