Bisca A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Principal activities
Bisca A/S is one of the market leaders in the Nordic countries as a manufacturer and provider of biscuits, cakes, and cookies. Bisca A/S’ products are sold both in the Nordic market and in several export markets. Bisca A/S’ operations and organisation are based in Denmark. Export to markets outside Denmark is carried out through distributors or sold directly to retail chains.

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

Unusual matters
In early April 2024, Scandza Danmark ApS sold Bisca A/S to its current owners. Before the sale, various inter-company balance sheet items were settled, including long-term loans Bisca had given to other group enterprises, and sale of Bisca’s ownership in associated companies took place on market conditions. The sale of ownership in associated companies led to a capital gain of TDKK 167,069. The excess proceeds from these balance sheet settlements were distributed as dividends before Bisca was sold, which resulted in a significant slimmer balance sheet compared to the beginning of the year.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financial and economic position
The income statement for 2024 shows a profit of TDKK 167,665 compared to a profit of TDKK 4,880 last year, and the balance sheet on 31 December 2024 shows an equity of TDKK 114,707. The operating profit for the year has increased by TDKK 6,615 compared to 2023. While the turnover growth seen in the two previous years has stopped (a decline in the export sales to the US and Canadian market more than offset an increase on the domestic market), improvements in the company’s gross profit margin have driven the increase in the operating profit. Continued focus to optimize the company’s product portfolio towards higher margin products and identify efficiency improvement potentials in the production has led to a TDKK 7,265 increase in gross profit. The company’s input-cost base is still challenged. The market for raw materials is still trading at a high level compared to just a few years ago and the collective labour agreements for the company’s factory workers for years 2023 and 2024 has also resulted in increased production costs. Further, consumer behaviour still trends towards lower priced products, which in general financially contribute less per output produced. Management is satisfied with the improved operating profit, taking the current market conditions and shift in consumer behaviour into consideration.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Significant events after the end of the financial year
No significant events have taken place after the balance sheet date, which material affect the assessment of the financial position of the company.

Beskrivelse af virksomhedens forventede udvikling

Future expectations
Management expects further improvements in the company’s operating profit driven by continued product portfolio optimisation and realisation of operational efficiency gains. The improvement in the operating profit for next year is expected to be less than the improvement realised this year. The improvement in operating profit is expected to be in the range of TDKK 0 - 6,000. However, the current geo-political environment is a source for higher-than-normal uncertainty regarding the company’s input and export costs and changes in the international trade and tariff regimes, which may impact the company’s financial performance.