Harman Professional Denmark Aps

Ledelsesberetning

Facts about Harman Professional DenmarkHarman Professional Denmark is based in Aarhus. The company is part of the American Harman Group, and the ultimate group parent company is Samsung Electronics Co. Ltd.Harman Professional Denmark is part of the Harman Center of Competence in Dynamic Lighting Solutions, dedicated to the entertainment and entertainment industry across most of the globe.Primary markets in North America, Europe, Africa and Asia.Group overviewHarman Professional Denmark ApS has branches in Sweden and Norway.Financial reviewThe financial reporting period comprises 1 January 2023 to 31 December 2023, corresponding to 12 months.In 2023 the Company reported revenue of 322 DKK million and 312 DKK million last year. The 2023 revenue aligns with the estimated range provided in the 2022 outlook, which projected revenues between DKK 315 million and DKK 335 million. This increase in revenue is attributable to a rise in both royalty and intercompany revenues, reflecting the expected return to a more normalised business environment following the alleviation of the impacts of the COVID-19 pandemic.The income statement for 2023 shows a profit of 100.7 DKK million against a profit of 90.2 DKK million last year and on the balance sheet at 31 December 2023 shows an equity of 508 DKK million and 407 DKK million last year. Management considers the Company's financial performance in the year to be satisfactory compared to the expectation in the Annual report for 2022. Knowledge resourcesThe Company employs a team that is primarily responsible for the research and development of the Martin Lighting brand. The expertise and innovative capabilities of this team are of important to the future performance of the enterprise. While Harman Professional Denmark ApS does not own the intellectual property it develops directly, one of its revenue streams is a research and development service provider. Unusual conditions that effect recognition and measurementThere has been no uncertainty regarding recognition and measurement in the Annual Report.External environmentAs we are a service and trading company, we believe that we do not directly affect the external environment.Special risksDue to its operation and investment, the company is exposed to changes in exchange rates and general operating risks in the industry. The company does not use any derivatives.Events after the balance sheet dateNo events materially affecting the Company's financial position have occurred subsequent to the financial year-end.OutlookFor 2024 the Company expects the outlook to remain positive with strong demand for products. Harman produces internal divisional forecasts, these are not associated to individual legal entities. For 2024 the Company estimates to report revenues in the region of 328 DKK to 338 DKK million and an earnings in the EBIT level of between 118 to 128 DKK million. The Harman Group, if required, will provide the credit facilities required for the realization of the budgeted activities.Significant assumptions and uncertaintiesThere are no material conditions and uncertainties to affect the company's results and balance sheet.

Beskrivelse af virksomhedens væsentligste aktiviteter

Business reviewHarman Professional Denmark's main activity consists of development, design, marketing and sales of intelligent lighting for the entertainment and experience industry.