Company type
Limited Corporation
Established
1998
Size
Medium
Employees
220
Revenue
651 MDKK
Gross profit
243 MDKK
Operating Profit (EBIT)
100 MDKK
Profit for the year
73 MDKK
Equity
302 MDKK
The current company has a special status
Notice that the current company is registered with the following status: Dissoluted after merger (20-02-2022).
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Company information based on CVR

NameLogstor A/S
Alternate namesLogstor Fredericia A/S, Lr Industri A/S Show more
CVR21330248
AddressDanmarksvej 11, 9670 Løgstør
IndustryManufacture of tubes, pipes, hollow profiles and related fittings, of steel [242000]
Established/terminated01-12-1998 - 20-02-2022 (23 yr)
Company typeLimited Corporation
Number of employees218 (man years:181)
Advertising protectionNo
Financial statement period01-01 to 31-12
Company capital41,000,000 DKK
41,000,000 DKK (14-08-2000 - 20-02-2022)
40,000,000 DKK (29-03-1999 - 13-08-2000)
500,000 DKK (01-12-1998 - 28-03-1999)
Articles of assoc. last31-10-2017

Member of industries

Financial Statement

 202020192018
Currency/unit000' DKK000' DKK000' DKK
Revenue
651,091
+2%
639,717
-9%
704,880
-4%
Gross Profit
242,952
+11%
218,064
+25%
174,180
+9%
Profit for the year
72,634
+46%
49,909
+472%
8,732
-
Equity
301,621
+32%
228,839
-12%
258,948
+186%
Total Assets
510,010
+25%
407,029
-9%
448,611
-5%

Mangement review

Revenue for the year amounted to DKK 651.1 million against DKK 639.7 million prior year. Profit before net financials is DKK 99.5 million compared to profit of 71.1 million the year before. The profit for the year after tax amounted to DKK 72.6 million compared to DKK 50.0 million last year. The results of operation for 2020 are acceptable.
Non-financial matters
After a successful turnaround in 2018 with the “Back to Black” plan LOGSTOR launched the “Back for Good” plan in 2019. The “Back for Good” plan continued to focus on margin improvement initiatives and tight cost control, while also preparing the Company for growth into 2020. The transformations that the Company has been through has also created agile and responsive Company to cope with changes in Markets and external influences such as COVID-19.
02-03-2021

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