Knorr-Bremse Rail Systems Denmark Aps

Beskrivelse af virksomhedens væsentligste aktiviteter

Primary activitiesThe Company's purpose is to carry out repair, refurbishment, and maintenance activities and other related activities at the board's discretion.

Beskrivelse af usikkerhed ved indregning eller måling

Uncertainty relating to recognition and measurementThe preparation of the annual report requires Management to make assumptions and estimates that affect the application of accounting policies and reported amounts of assets and liabilities, income, and expenses.
In the financial statements for 2023, the following assumptions and uncertainties are worth noting as they have significantly impacted the recognition of assets and liabilities in the financial statements:
The deferred tax asset is mainly related to carry forward of tax losses and is expected to start being realized within 2-3 years.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financesThe income statement for 2023 shows a loss of DKK 34,105 thousand against a loss of DKK 93,732 thousand last year, and the balance sheet on 31 December 2023 shows equity of DKK 197,106 thousand.
The revenue of DKK 682,303 thousand was less than expected with the main customer, being the DSB Group, ending up at a lower volume.
The revenue ended 6,4% higher than in 2022.
Management considers the Company's financial performance in the year as being in the lower end of the expectations.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Events after the balance sheet dateThe company changed to a new SAP solution in beginning of April. After the go live has there been an unfavorable impact to the production output from the different workshops which will have a negative impact to the financial result for 2024. A recovery plan has been put in place and the output volumes are expected to be back at normal level in the last quarter of the year.
Other than that, no significant events have occurred after the balance sheet date until the day of signing of the Annual report.

Beskrivelse af virksomhedens forventede udvikling

OutlookThe Company expects to see a higher activity in 2024 with a growth in revenue in the range of 10-20%, coming from existing and new customers. The foreseen result will be negative, in the same range as the 2023 result, after investments in organizational development and new systems and the ongoing challenges with production output.