Signode Denmark Aps

The Company's principal activities The Company's activities consist of developing and manufacturing airbags and pallet packaging machines, textiles and trading in strapping products all to be used for the protection of goods during transportation. The Company's products and production methods are continuously being developed. Development in activities and the financial position The Company's Income statement of the financial year 1 January 2022 - 31 December 2022 shows a result of 4.567 TDKK and the balance sheet at 31 December 2022 shows an equity of 349.054 TDKK. Post financial year events No events have occurred subsequent to the balance sheet date that would significantly impact the financial position at 31 December 2022. Outlook The prior few years' impact from the lack of supply of parts for the construction of pallet packaging machines is currently more stable and do no longer represent a significant issue in the daily business and is not causing lost business. For the coming financial year the Management expects a total increase in profit from the ordinary operating activities compared to 2022, coming mainly from the pallet packaging business as the air bags business is expecting lower demand.  Knowledge and know-how resources The Company has developed special competences within production and development of airbags as well as pallet packaging machines. The Company is focusing on maintaining and increasing these competences. This focus has resulted in an expansion of our R&D department for the pallet packaging machines with additional employees. Financial risks Currency risks The Company's activities in foreign countries cause that earnings, cash flow and equity are impacted by development in exchange rates and interest rates in a number of currencies. The Company's policy is to hedge major commercial foreign currency exchange risks. The Company does not enter speculative currency positions. Interest risks Since the Company is primarily financed through floating interest rate loans moderate changes in the interest rate will have a direct impact on earnings. The Company does not hedge interest rate risks. Description of environmental matters The Company affects environment through production, transportation of products and employees and indirectly through the energy consumption of the products during use and product disposal. The Company is however also focused on developing equipment with a lower consumption of power and the ability to stretch wrap the end-products with less film, to minimize the environmental impact. 

Development in activities and the financial position The Company's Income statement of the financial year 1 January 2022 - 31 December 2022 shows a result of 4.567 TDKK and the balance sheet at 31 December 2022 shows an equity of 349.054 TDKK.