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Aktieselskabet Th. Wessel & Vett. Magasin Du Nord
Kongens Nytorv 13, 1050 København K, CVR 58191213
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Rank Profit for the year
Rank in industry
2/16
"Top 35%"
Rank in Denmark
2,690/337,325
"Top 10%"
Top management top 3
| Peter Fabricius 10 | Director |
| Michael Jagd Jelbo 5 | Director |
Board top 3
| Ernst-Albrecht von Hake 2 | Chairman of board |
| Peter Gerald King 1 | Vice chairman |
| Steen Guldbæk Jensen 2 | Boardmember |
Legal owners top 3
| 100% | Emil Retail Holding Aps | DK |
Rights certificate
Selskabet tegnes af bestyrelsens formand eller næstformand i forening med to bestyrelsesmedlemmer eller med en direktør eller af to direktører.
Company information based on CVR
| Name | Aktieselskabet Th. Wessel & Vett. Magasin Du Nord |
| Alternate names | Lust Copenhagen A/S, Magasin Ejendomme A/S, Magasin Kort A/S, Magasin Vin A/S, Magasins Handelsselskab A/S, A.C. Illum A/S, Illum'S A/S, Magasins Handelsselskab A/S (Aktieselskabet Th. Wessel & Vett, Magasin Du Nord) Reg. Nr. A/S 34.086 Show more |
| CVR | 58191213 |
| Address | Kongens Nytorv 13, 1050 København K |
| Industry | Other retail sale in non-specialized stores [471900] |
| Established | 16-10-1999 (24 yr) |
| Company type | Limited Corporation |
| Number of employees | 1847 (man years:1081) |
| Advertising protection | No |
| Auditor | Grant Thornton,Statsautoriseret Revisionspartnerselskab since 27-10-2021 |
| Financial statement period | 01-01 to 31-12 |
| Company capital | 184,000,001 DKK 352,777,807 DKK (02-07-2009 - 25-01-2010) 313,631,666 DKK (01-09-2005 - 01-07-2009) 301,086,400 DKK (30-08-1987 - 31-08-2005) |
| Articles of assoc. last | 27-01-2023 |
Member of industries
- Other retail sale in non-specialized storesNACE6 containing 28 comp.
- Retail sale in non-specialized storesNACE3 containing 2,449 comp.
- Retail trade, except of motor vehicles and motorcyclesNACE2 containing 39,012 comp.
- Wholesale and retail trade, repair of motor vehicles and motorcyclesNACE1 containing 77,153 comp.
Purpose
Selskabets formål er alene eller sammen med andre i eller uden for Danmark at drive stormagasinvirksomhed med tilhørende restauranter og at drive virksomhed indenfor handel i øvrigt, håndværk, industri, transport, reklame, service, fast ejendom, finansiering og investering samt sådan anden virksomhed, der står i naturlig forbindelse med fornævnte formål.
Financial Statement
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Currency/unit | 000' DKK | 000' DKK | 000' DKK |
| Revenue | 1,934,563 - | 2,340,726 - | 1,685,000 -8% |
| Gross Profit | 641,611 - | 767,614 - | 414,000 -33% |
| Profit for the year | 67,910 - | 117,180 - | -42,000 - |
| Equity | 603,409 - | 550,499 - | 432,000 -9% |
| Total Assets | 1,668,895 - | 1,406,521 - | 1,126,000 +19% |
Mangement review
Development in activities and financial matters
Magasin’s operating profit before depreciation, amortisation, impairment and tax amounted to DKK 159 million (2020/21: DKK 249 million).
The net profit for the period amounted to DKK 68 million after tax (2020/21: DKK 117 million). All things considered, the management finds the results satisfactory.
Amortisation, depreciation and impairment amounted to DKK 70 million (2020/21: DKK 92 million).
Equity amounted to DKK 604 million (2020/21: DKK 550 million) and solvency ratio amounted to 36.1 % (2020/21: 39.1 %). Assets total amounted to DKK 1.669 million (2020/21: DKK 1.407 million).
Department store operations
Revenue in Magasin decreased compared to 2020/21 primarily due to the extended accounting period last year.
The gross margin % increased slightly compared to last year due to lower markdowns.
Other external expenses have decreased relatively due to an enhanced focus on cost reduction in all areas. The staff cost ratio calculated on the basis of revenue also decreased from 25.1 % to 24.8 %.
Investments
Investments in property, plant and equipment amounted to DKK 34 million.
Magasin’s operating profit before depreciation, amortisation, impairment and tax amounted to DKK 159 million (2020/21: DKK 249 million).
The net profit for the period amounted to DKK 68 million after tax (2020/21: DKK 117 million). All things considered, the management finds the results satisfactory.
Amortisation, depreciation and impairment amounted to DKK 70 million (2020/21: DKK 92 million).
Equity amounted to DKK 604 million (2020/21: DKK 550 million) and solvency ratio amounted to 36.1 % (2020/21: 39.1 %). Assets total amounted to DKK 1.669 million (2020/21: DKK 1.407 million).
Department store operations
Revenue in Magasin decreased compared to 2020/21 primarily due to the extended accounting period last year.
The gross margin % increased slightly compared to last year due to lower markdowns.
Other external expenses have decreased relatively due to an enhanced focus on cost reduction in all areas. The staff cost ratio calculated on the basis of revenue also decreased from 25.1 % to 24.8 %.
Investments
Investments in property, plant and equipment amounted to DKK 34 million.
11-05-2023