Power Stow International A/S

Ledelsesberetning

Key activities The Group develops highly specialized products and solutions that significantly improve the work environment, safety, and efficiency in the handling of baggage and cargo in the aviation industry. The Group also operates trading and manufacturing businesses and owns its Danish domicile properties through subsidiaries.The Group has no branches abroad. The past year and follow-up on development expectations from last year This year's gross profit amounts to TDKK 421,306, compared to TDKK 219,622 last year. The ordinary profit after tax amounts to TDKK 209,203, compared to TDKK 67,405 last year. Management considers this year's result satisfactory and in line with the expectations stated in the 2022/23 annual report. Foreign exchange risks Activities abroad cause earnings, cash flows and equity to be affected by the development in the exchange rate of various currencies. Management continuously assesses the Group's exposure and the potential need for hedging. Financial risks The Group is only to a limited extent affected by risks in the form of changes in prices, creditworthiness, liquidity and cash flows. When possible, long-term price agreements are made with key suppliers. Suppliers The Group is working closely with its suppliers, to reduce any delays in the production. Targets and expectations for the year ahead As the market for the Group's primary product is beginning to reach saturation, the Group has developed and introduced new products to contribute to future growth. This transformation is expected to result in a reduction of the Group's profit by 20-40% in the current financial period. Research and development To support continued development and lay the foundation for a broader product range, the Group has maintained its focus on research and development activities during the financial year. External environment The Group's activities do not entail significant risks in relation to the environment and climate. The Group engages in dialogue with customers and partners to support a green transition, and ongoing efforts are made to implement initiatives that can accelerate this development. Intellectual capital resources The Group’s business foundation includes the delivery of high-tech and reliable systems for baggage handling in airports. To consistently deliver these solutions, it is crucial that the Group can recruit and retain employees with a high level of education. As a natural part of this, there is constant focus on the professional development of employees, opportunities for internal/external training, and the continuous improvement of internal systems for documentation and knowledge sharing. Uncertainty relating to recognition and measurement There has been no uncertainty regarding recognition and measurement in the Annual Report. Unusual events The financial position at 30 April 2024 of the Group and the results of the activities and cash flows of the Group for the financial year for 2023/24 have not been affected by any unusual events. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.