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Baader Food Systems Denmark A/S
Vestermøllevej 9M, 8380 Trige, CVR 19189511
Company type
Limited Corporation
Established
1961
Size
Large
Employees
255
Revenue
691
MDKK
Gross profit
118
MDKK
Operating Profit (EBIT)
13
MDKK
Profit for the year
41
MDKK
Equity
324
MDKK
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Rank Profit for the year
Rank in industry
4/143
"Top 10%"
Rank in Denmark
3,566/351,195
"Top 10%"
Top management top 3
| Jan Houlind Zoffmann Andersen 1 | CEO |
| Claus Østergaard Askjær 2 | Director |
Board top 3
| Petra Baader 1 | Chairman of board |
| Robert Focke 1 | Boardmember |
| Torsten Krausen 1 | Boardmember |
Legal owners top 3
| 100% | Baader Poultry A/S | DK |
Rights certificate
Selskabet tegnes af bestyrelsesformanden eller to direktører i forening, eller en direktør i forening med næstformanden
Company information based on CVR
| Name | Baader Food Systems Denmark A/S |
| Alternate names | A/S Linco-Trading, A/S Linco-Trading Machinery And Equipment for Poultry Processing Plants, Linco Food Systems A/S, Lindholst & Co. A/S Show more |
| CVR | 19189511 |
| Address | Vestermøllevej 9M, 8380 Trige |
| Industry | Manufacture of machinery for food, beverage and tobacco processing [289300] |
| Web | www.baader.com |
| Established | 08-08-1961 (63 yr) |
| Company type | Limited Corporation |
| Number of employees | 253 (man years:232) |
| Advertising protection | No |
| Auditor | Bdo Statsautoriseret Revisionsaktieselskab since 01-03-2010 |
| Financial statement period | 01-01 to 31-12 |
| Company capital | 10,374,870 DKK 8,500,000 DKK (27-05-2009 - 26-03-2012) 7,500,000 DKK (02-04-1990 - 26-05-2009) 750,000 DKK (30-08-1987 - 01-04-1990) |
| Articles of assoc. last | 30-11-2021 |
Member of industries
- Manufacture of machinery for food, beverage and tobacco processingNACE6 containing 190 comp.
- Manufacture of other special-purpose machineryNACE3 containing 796 comp.
- Manufacture of machinery and equipment n.e.c.NACE2 containing 2,361 comp.
- ManufacturingNACE1 containing 26,219 comp.
Purpose
Selskabets formål er at drive fabrikation, handel og finansiering
Financial Statement
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Currency/unit | 000' DKK | 000' DKK | 000' DKK |
| Revenue | 691,227 +13% | 610,269 -14% | 708,620 +16% |
| Gross Profit | 117,800 +15% | 102,749 +15% | 88,995 -4% |
| Profit for the year | 40,645 -15% | 47,585 +12% | 42,572 +82% |
| Equity | 324,381 -3% | 333,210 +7% | 312,382 +22% |
| Total Assets | 622,681 -3% | 642,165 +24% | 518,504 +2% |
Mangement review summary
Description of significant activities of entity
Principal activitiesBAADER Food Systems Denmark A/S develop, produce and sell Spareparts, Machines and Complete plants for slaughtering and processing of poultry as well as weighing and grading equipment. The weighing and grading equipment can also be used in the fish as well as other food industries.
Sales, Marketing and Service in several important markets takes place directly through subsidiaries.
Description of development in activities and financial affairs
Development in activities and financial positionThe company experienced an increase of the turnover of 14% compared to 2022, which is generated from improved market conditions in developed markets and a higher attention to the after sales market. For 2023 we experienced an increase in demands of the spare part and services to optimize existing machinery, but also a lower interest in investing in new machines. The company achieved a profit of DKK 40.6m in 2023 against DKK 47.6m in 2022. The result for 2023 is considered satisfactory.
The net result including the result of equity investments in group companies is considered satisfactory.
Description of significant events occurring after end of reporting period
Significant events after the end of the financial yearNo events of material importance for the company's financial position occurred after the end of the financial year.
Description of expected development
Future expectationsBaader Food Systems Denmark A/S expect a continued positive development on important markets compared to the 2023. It is expected that last year’s focus on the aftermarket with both local presence and highly educated service technicians, will continue to drive the future service and sparepart sales. It is also expected that there will be a stronger renewed interest for investing in new equipment and to either extend production capacities in existing lines or to build new complete plants, to support the increased request for protein products.
The company's continued focus on growth, but also efficiency and adjustments of the organization is expected to help stabilize the earnings in the years to come. For 2024 the revenue is expected to be slightly higher compared to 2023, but profit before tax is expected to be 10% higher than 2023 (DKK 46.5 m).
Date of general meeting: 17-06-2024