Cj Holding Aps (Koncern)

Statement of policy for data ethics The group does not use advanced technologies such as artificial intelligence or machine learning. The group handles general data in the form of customer data and employee data. Data is processed in accordance with GDPR regulation and our internal policies for privacy and information security. Given the limited processing of data, it is the group's assessment that a policy on data ethics is presently unnecessary. The group will continuously evaluate whether a policy is a requirement going forward.

Financial review The group's income statement for the year ended 31 May 2023 shows a profit of DKK 78,911 thousand, and the balance sheet at 31 May 2023 shows an equity of DKK 877,954 thousand which is in line with expectations. The activities in the group have generally developed positively, and the profit for the year is considered overall satisfactory. Despite numerous challenges this year was again a successful and exciting year The financial year 2022/23 was yet again another unusual year. The war in Ukraine led to an unforeseen energy crisis causing a massively increasing inflation rate and Central Banks worldwide introduced rapidly increasing interest rates. This again led to continued challenges requiring us to react to the development extremely fast and daily. In Spring 2022, the Group initiated its largest ever investment in the strategic build-out of the manufacturing facilities at Welcon in Give, Denmark valuing more than 1 billion DKK. Despite the challenges in the business environment the build-out was executed to plan and will be finalized end of 2023 ensuring Welcon to be a world class supplier of products needed to support the green transition both today and into the future.