Company type
Limited Corporation
Established
1984
Size
Large
Employees
434
Revenue
2,555 MDKK
Gross profit
- DKK
Operating Profit (EBIT)
-88,330,000 DKK
Profit for the year
185 MDKK
Equity
1,093 MDKK
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Rank Profit for the year

Rank in industry
1/6
"Top 35%"
Rank in Denmark
929/342,233
"Top 10%"

Top management top 3

Board top 3

Emma Rebecka Matilda Adlerton 1Chairman of board
Jacob Nørgaard 2Boardmember
Tina Sørensen 1Boardmember

Legal owners top 3

Rights certificate

Selskabet tegnes af et bestyrelsesmed-lem i forening med en direktør, to besty-relsesmedlemmer i forening eller af den samlede bestyrelse.

Company information based on CVR

NameAlfa Laval Aalborg A/S
Alternate namesAalborg Boiler Production A/S, Aalborg Boilers A/S, Aalborg Industries A/S, Aalborg Marine Boilers A/S, Aalborg Sunrod A/S, Aalborg Ciserv International A/S, Aalborg Keystone A/S, Aalborg Marine Bolilers A/S Show more
CVR17830635
AddressGasværksvej 21, 9000 Aalborg
IndustryManufacture of steam generators, except central heating hot water boilers [253000]
Established15-04-1984 (39 yr)
First financial statement period15-04-1984 to 31-12-1984
Company typeLimited Corporation
Number of employees393 (man years:380)
Advertising protectionNo
AuditorEy Godkendt Revisionspartnerselskab since 23-05-2018
Financial statement period01-01 to 31-12
Company capital256,097,200 DKK
235,000,000 DKK (05-04-1995 - 31-01-2006)
120,000,000 DKK (03-06-1994 - 04-04-1995)
100,000,000 DKK (11-06-1993 - 02-06-1994)
96,000,000 DKK (27-05-1991 - 10-06-1993)
71,000,000 DKK (18-03-1991 - 26-05-1991)
Articles of assoc. last01-11-2019

Purpose

Selskabets formål er at drive industriel virksomhed ved udvikling, fabrikation, salg, servicering og reparation af produkter karakteriseret ved dampkedler, inerte gas systemer, termaloliekedler, brændere eller styresystemer samt hetil relateret aktiviteter inklusive varmevekslere. Selskabets formål er endvidere at drive virksomhed ved udvikling, fabrikation, salg, servicering og reparation af alle typer rensning- og energianlæg relateret til marine markedet samt at investere kapital i virksomheder af alle nævnte arter samt i fast ejendom.

Financial Statement

 202220212020
Currency/unit000' DKK000' DKK000' DKK
Revenue
2,555,378
+0%
2,549,704
+1%
2,518,998
+38%
Gross Profit
-
-
-
-
374,394
+13%
Profit for the year
185,194
-42%
318,539
-20%
399,614
+110%
Equity
1,093,342
-4%
1,133,165
+11%
1,019,505
+37%
Total Assets
1,985,204
-3%
2,036,614
-14%
2,354,392
+12%

Mangement review

Management's reviewManagement's reviewOperating review

Development in activities and financial mattersIn 2022, the Company reported revenue of DKK 2,555,378 thousand against DKK 2,549,704 thousand last year. The income statement for 2022 shows a profit of DKK 185,194 thousand against a profit of DKK 318,539 thousand last year.The realised revenue and profit from ordinary operating activities ended up lower than what we had assumed in our outlook in last annual report. Increased prices on materials during the year affected the profit from ordinary operating activites negatively. The development versus last year is not considered satisfactory. Due to lower profit from ordinary operationg activities it has been decided to make a change in the value chain and move the production of boilers etc. to another company within Alfa Laval.At 31 December 2022, the Company's balance sheet showed equity of DKK 1,093,342 thousand.Special itemsIn mid-December 2022, Alfa Laval announced a decision to carry out, namely an internal merger of two departments within the Marine activity, as well as a scaling down of the production of boilers, E-Power-Packs and assembly of PureBallast at the factory in Aalborg. The production of the latter will be carried out by other companies in the Alfa Laval Group going forward. In connection with the publication of the restructuring plan, management has drawn up a structured/detailed plan for how restructuring is expected to be carried out. As of 31 December 2022, provisions totaling DKK 69,213 thousand have been made, which include severance pay, salaries for redundant employees, contractual obligations, including leases with re-establishment costs when vacating leases, rent/leasing of operating assets, external and internal costs for clearing premises, costs for contracts that become loss-making, external advisors etc.Furthermore tangible fixed assets have been impaired by DKK 5,540 thousand as of 31 December 2022 to the expected sale/fair value of the assets.Furthermore, a special write-down on inventories of DKK 64,879 thousand has been made as at 31 December 2022 in connection with the Pure Ballast activity.As a result of the crisis in Ukraine, a provision of DKK 12,286 thousand has been made for expected losses on orders that Alfa Laval does not wish to complete.Furthermore, a provision on DKK 25,655 thousand has been made as of 31 December 2022 for expected losses on contract work due to rising raw material prices throughout 2022.Uncertainty related to recognition and measurementExcept from the items mentioned above regarding special items, where there is inherently significant uncertainty, there are no material uncertainty related to the financial statement items in the annual reportSpecial risksThe Company assesses that it is exposed to the following risks that may affect performance and expected resultsCancellation of contracts or credit riskProduct defectsCompetitive environmentForeign currency risk related to purchase and sale on global marketsTrends in the new ship market.Activities are continuously in progress to reduce the effect of these risks. In addition, the company does not have financial risks beyond those normally occuring in the industri.
16-06-2023

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