Louis Vuitton Danmark A/S

Management's review

Unusual mattersNo unusual matters during the financial year 2023Uncertainties in relation and measurementThere have not been uncertainties related to recognition and measuring during the year.Development in activities and financial affairsThe result from ordinary activities after tax is DKK 62.132k against DKK 67.386K last year. The result is considered as verysatisfactory.Special risksThe Company does not have any special price, currency or interest risks.Environmental issuesMost of the raw materials used to make and protect Louis Vuitton products come from nature, whether they are derived fromanimal, plant, or mineral sources. Since these raw materials are not all renewable, we are committed to supply chains that havea regenerative impact on biodiversity. Our priorities are therefore to preserve resources and the climate, respect animalwelfare, avoid deforestation, eliminate the use of hazardous chemicals, and reduce air and water pollutionKnow-how resourcesThe Company bases its activity on educated industry-related know-how resources, where quality and diligence of the workperformance are put into focus.Research and development activitiesThe Company did not have expenses related to research and development.The expected developmentSales are expected to be rather stable in 2024. The company will continue its relocation project of the store, with an openingdate foreseen in Q1 2025.Events subsequent to the end of the financial yearNo significant event took place after the end of the financial yearAnnual profit compared with the expected development2023 show a profit after tax slightly decreasing compared to 2022. This is a direct result of the conclusion of a lease for a newlocation to open in Q1 2025.These investment was made in order to ensure the long term development of the company, in Copenhagen.BranchesLouis Vuitton Danmark A/S does not have a branch abroadFor the definition of key figures please see accounting policies.Key figures20232022202120202019t.krt.krt.krt.krt.krRevenue293,092284,661262,804238,658238,757Results from operating activities80,36086,35390,49082,60972,048Net financials1,837124114-19-138Results for the year62,13267,38670,30664,39856,067Investments in tangible fixed assets10323083831100Balance sheet total99,63995,27494,45796,78979,040Equity62,63267,88670,80664,89856,567Financial ratios Equity share62.9%71.3%75.0%67.4%71.2%Return on equity95.2%97.2%103.6%105.0%115.4%Average number of full-time employees3127172025

Description of significant activities of entity

Main activities of the enterpriseLike previous years, the main activity has consisted of retailing Louis Vuitton branded products.