Precision Global Aps

Beskrivelse af virksomhedens væsentligste aktiviteter

Primary activitiesThe purpose of the Group is to protect people and society. The Group is doing this by providing complex integrated solutions, services and supply chain to Government Agencies and the defence industry. Integrated Solutions include Individual Soldier Solutions, Integrated Solutions, Command and Control Solutions, while Services include Service & Maintenance, Production, Training and Integration. Our Supply Chain offering include Logistics Services and Advisory ​​The purpose of the Parent company is to own shares in other companies as well as other related business on behalf of the Executive Board.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financesThe result for the year before tax amounts to a profit of DKK 16.2 million compared to a profit of DKK 25.7 million​last year. This is considered unsatisfactory, but is heavily impacted by the freeze in United Kingdom government spendings regarding all investments in the government sector following the election and new government. Additionally the Group has invested heavily in additional employees, new systems as well as relocation into a new​Head Quarter building in Denmark has influenced the result. ​​The balance for the group has increased from DKK 83.1 million to DKK 128.9 million due to investments in the new leased Head Quarter facility in Denmark as well as significant increase in the level of activity at the end of the​year, resulting in increased inventories and receivables.

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 outlook for FY2025/2026 is expected to follow the significant positive trends seen in the beginning of 2025 and the recent wins within – especially the Australian, British and the Danish companies. In the FY 2023/2024, the​company started to deliver on a framework project for British Ministry of Defence (MoD). After award, the British MoD decided to utilize this seven-year framework for a much wider scope and effect. The British company main strategic outlook is therefore to ensure delivery upon this framework contract as well as looking into additional solutions and services being added to the contract vehicle. Secondarily, the company strives to establish additional framework contracts with the British MoD, as well as exploiting adding Services onto the existing contract. This is in order to mediate Operational and Financial risks.
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​The Danish company has been somewhat impacted by the delays in the decision process of Government Defence​spendings for the first 3 quarters of the financial year. However, The Danish MoD has received the first deliveries on the Modular Sensor Contract (signed in 2022/23) in the first part of FY2024/25, and additional orders have been placed for delivery within FY2026/27. The effect of this contract and the new enhanced defence budgets is expected to have a positive impact on the next five years. This will also include activities for Precision Services, who has also achieved some significant milestone throughout FY2023/24. Main activities are around International​Defence Corporation partnerships as well as integration services related to other Group entities. The Danish company strategic efforts to spread activities into wider Scandinavia is proceeding successfully, with positive expectations for FY2025/26 and beyond. Main effort is the Swedish and Finnish markets, where the NATO membership is driving huge investments in National Security and fulfillment of the alliance force objectives. Another main driver for the positive direction has been deliveries on existing Government contracts.
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​The Group expects a profit before tax of DKK 55-65 million for FY2025/26. The expectation range is a consequence of the uncertainty related to the timing of order deliveries. In addition, the amount of multi-year orders and deliveries are increasing, which adds to positive prognosis of the Group.