Old Irish Pub Denmark A/S

Ledelsesberetning
Key activities The Company's purpose is to run pubs and related activities, Development in the year The income statement of the Company for 2023 shows an EBITDA of DKK 43,424,727 a profit of DKK 28,374,234 and at 31 December 2023 the balance sheet of the Company shows a positive equity of DKK 60,334,019. The result is in line with the expectations of the Management , considering that 2023 was a year in which rising interest rates and inflation have had an impact on the consumption pattern among users of nightlife services, which is expected to have had an impact on the Company's revenue and EBITDA. Special risks - operating risks and financial risks The Company`s external financing consists of loans in Danish kroner with a variable interest rate. Targets and expectations for the year ahead The growth plans for 2024 are unchanged. The Company continues targeted coverage of the best locations in the major cities, especially abroad. Specifically, intensive work is being done to open several new pubs in the Netherlands, Belgium and Spain in 2024. It is the goal that 2024 will be a year in which OIP can demonstrate continued high growth in both revenue and EBITDA driven by new openings and continued streamlining of operations in the Danish pubs. Therefore, Management expects net revenue for 2024 in the range DKK 200,000k – 230,000k and an EBITDA margin of 15-20%. Uncertainty relating to recognition and measurement There has been no uncertainty regarding recognition and measurement in the Annual Report. Unusual events The financial position at 31 December 2023 of the Company and the results of the activities and cash flows of the Company for the financial year for 2023 have not been affected by any unusual events. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. |