Virksomhedsform
Anpartsselskab
Etableret
2002
Størrelse
Mellemstore
Ansatte
207
Omsætning
1.359 MDKK
Bruttofortj.
275 MDKK
Primært resultat (EBIT)
155 MDKK
Årets resultat
115 MDKK
Egenkapital
359 MDKK
annonce

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Rang Årets resultat

Rang i branche
2/495
"Top 10%"
Rang i Danmark
1.385/342.443
"Top 10%"

Direktion top 3

Bestyrelse top 3

Andrea Ruth Owen 1Bestyrelsesformand
Rolf Foged Hvidegaard Hay 7Bestyrelsesmedlem
Bruce Benedict Watson 1Bestyrelsesmedlem

Legale ejere top 3

Tegningsregler

Selskabet tegnes af direktøren i forening med bestyrelsesformanden, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Stamoplysninger baseret på CVR

NavnHay Aps
BinavneBs Studio Aps, Hay Design Aps, Nine United Denmark Aps, Bs Studio A/S, Hay A/S, Hay Design A/S, Nine United Denmark A/S Vis mere
CVR26799945
AdresseHavnen 3, 8700 Horsens
BrancheEngroshandel med møbler, tæpper og belysningsartikler [464700]
Etableret20-09-2002 (21 år)
Første regnskabsperiode20-09-2002 til 31-07-2003
VirksomhedsformAnpartsselskab
Antal ansatte225 (årsværk:203)
ReklamebeskyttelseNej
RevisorKpmg P/S siden 28-10-2020
Regnskabsperiode01-06 til 31-05
Selskabskapital4.500.000 DKK
Vedtægter seneste13-10-2020

Formål

Selskabets formål er at drive virksomhed i ind- og udland inden for design og produktion af møbler, interiør og lys samt handel hermed og anden dermed i forbindelse stående virksomhed.

Regnskab

 202320222021
Valuta/enhed000' DKK000' DKK000' DKK
Omsætning
1.358.614
-8%
1.477.684
+24%
1.189.541
-
Bruttofortjeneste
274.520
-19%
338.994
+23%
276.096
-
Årets resultat
114.655
-33%
170.665
+21%
140.989
-
Egenkapital
358.669
+3%
347.979
+12%
309.473
-
Balance
493.239
-16%
590.021
+24%
475.772
-

Ledelsesberetning

Financial instruments The Company's goals and policies for management of financial risks The Company's risk exposure Data ethics In Europe, we are faced with the effects of ongoing war in Ukraine. The war is contributing to significant economic uncertainty in Europe, in addition to the terrible loss of life. During the financial year 2022/23, the consequences for HAY ApS as a company were challenges around raw material sourcing and price increases, logistics and supply chain disruptio, and substantial increases in the prices of electricity, gas, fuel, etc., which all impact companies and consumers across Europe. Finally, inflation and interest rates impacted both suppliers and consumers. HAY ApS has taken the necessary action to ensure that the business is sustainable and profitable, despite a demanding economic landscape. Risks concerning climate and environment, social and employee matters, anti-corruption and bribery are not considered to have any material impact for the financial year 2022/23. Beyond the above mentioned, and ordinary occurring risks, no particular risks are considered to affect the Company. Activities abroad generate revenue, cash flows and equity which are affected by the exchange and interest rate fluctuations for several currencies. It is the Company's policy not to hedge commercial currency risks. The Company is part of the MillerKnoll Inc. group, which prepares consolidated financial statements. The Company strongly believes that corruption in all parts of the World is unacceptable. Accordingly, the Company will not take part in partnerships for projects for which the Company has become aware of any corruption, or where the Company assesses that a high risk of corruption is present. The Company has not identified any past instances with involvement in corruption. In 2022/23, HAY reported no case of violations against the anti-corruption policy. Our forward-looking strategy on anti-corruption will be to reinforce this message through internal and external stakeholder communication. External stakeholders include customers, investors, and suppliers among others. All employees receive mandatory training in the anti-corruption policy through online courses and will continue to do so in the future. The policy is described in the MillerKnoll Code of Business Conduct & Ethics, which is published on the MillerKnoll website. HAY ApS has a privacy policy and IT security policy, and currently the Company has not implemented a Data Ethics Policy. Our Parent Company, MillerKnoll, is developing a group data ethics policy which will be valid for all MillerKnoll Group companies, including HAY ApS. This policy will be implemented at Hay ApS when ready. HAY ApS, in its capacity as a MillerKnoll group company, conducts itself in accordance with a series of values, codes and policies; with particular reference to its Code of Business Conduct and Ethics. All employees receive training in relation to the Code of Business Conduct and Ethics. HAY ApS, in its capacity as a MillerKnoll group company, takes its responsibilities very seriously, including our internal practices as well as those with our customers, advisers and extended community. We have a robust series of policies and guidelines in place to facilitate decision-making, risk management and problem-solving. Our policies include: Privacy Notice, Cookie Notice, Do Not Sell My Personal Information, Exercise Your Privacy Rights, Accessibility, Code of Business Conduct and Ethics, Supplier Code of Conduct, Insider Trading, Whistleblower and Non-Retaliation Policy, Terms of Use, Investor Relations, Related Party Transaction Policy and Procedures, Group Health Plan Disclosure MillerKnoll and Guest Wireless Network Acceptable Use Policy. We also conduct comprehensive compliance training globally.

The Company's income statement for 2022/23 shows a profit of DKK 114,655 thousand as against DKK 170,665 thousand in 2021/22. Equity in the Company's balance sheet at 31 May 2023 stood at DKK 358,669 thousand as against DKK 347,979 thousand at 31 May 2022. Revenue in HAY ApS decreased from DKK 1,471 million in 2021/22 to DKK 1,359 million in 2022/23. This was DKK 41 million below the outlook given in the 2021/22 Management's review, where estimated revenue was in the range of DKK 1,400-1,500 million. HAY ApS leveraged increased market demand during the period 2020-2022 due to COVID-19-related interest in home furnishings and a higher share of wallet directed towards product/goods spend vs services. In 2023, we saw a decline in spend within our categories mainly in the Nordic region. The high interest rates and inflation in the core markets in the Nordic region, combined with consumers spending a higher share of wallet on services and travel, led to declining demand in the second part of the financial year. HAY ApS’ EBITDA for 2022/23 was down by DKK 165 million from DKK 227 million in 2021/22 driven by lower sales than in previous years and margins challenged by higher costs due to inflationary pressure on energy prices and raw materials. Profit after tax was DKK 114.7 million for 2022/23 as against DKK 170.7 million in 2021/22 and also below the outlook (DKK 190-225 million) set out in the 2021/22 Management's review due to weaker product gross margin during the last six months of FY 2022/23 vs our forecast combined with lower sales as set out above. Profit for the year under review (DKK 115 million) decreased compared to last year (DKK 171 million) due to both reduced revenue and higher costs. While being challenged on both revenue and costs, the Company considers the EBITDA ratio of 12.2% satisfactory. HAY ApS’ success is built on the hard work and dedication of all our colleagues, and this year has again highlighted their dedication, resilience and ability to work together in times of challenges. The Company would like to thank all our colleagues for their outstanding work during a demanding year.
16-11-2023

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