Phase One A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

The Group’s core business is to develop, market and sell high quality digital imaging camera and software solutions. Our main customers are:
Industrial imaging end users and integrators within Aerial mapping/documentation, inspection, surveillance, homeland security and cultural heritage applications. All our customers are characterized by their need for world class image quality and a highly efficient workflow.
The World’s professional photographers, serious private photo enthusiasts and production studios.
It is our goal to be the world-wide market leader within our target customer groups. In this way, we can ensure satisfactory earnings and at the same time we can attract and retain the best product developers and sales & marketing experts within digital imaging.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Group:
The year 2024 showed a substantial decrease in revenue compared to 2023. The 2024 result is considered unsatisfactory.
This variance is primarily attributed to timing differences in customer activity rather than a loss of business, and we anticipate revenue recovery as these customers re-engage in the coming years.
The Group's revenue amounted to DKK 308 million in 2024 and Result after tax amounted to DKK -24 million in 2024.
EBITDA for 2024 was DKK 22 million corresponding to 7% of revenue.
The Group employed an average of 174 employees in 2024.
The Group's balance sheet total amounted to DKK 338 million, of which current assets constitute 66 %.
Equity in the Group amounted to DKK 124 million at 31 December 2024.
Parent:
The year 2024 shows result after tax of DKK -24 million. Management finds the result for 2024 unsatisfactory.
No facts or events occurred in the parent company during the financial year which are not reflected in the management report for the Group.
Branch:
Phase One A/S includes a branch in Germany.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Subsequent to the balance sheet date, the United States announced changes to its tariff policy that will impact the import of goods relevant to our product lines. Given our significant sales volume into the U.S. market, these policy changes will have implications for pricing, demand, and overall profitability depending on how the tariffs are implemented and how customers respond.
We are recurrently assessing the full impact of the policy and tariff rates and have implemented mitigation strategies, including supply chain adjustments, pricing reviews, and customer engagement plans. In all cases, we will ensure full compliance with all applicable U.S. trade and tariff regulations. Management will continue to monitor the situation closely and adapt as further guidance or policy details become available.
No other events which could have a significant impact on the consolidated financial statements and Parent Company financial statements have occurred subsequently to December 31, 2024.

Beskrivelse af virksomhedens forventede udvikling

The Group has significant growth opportunities primarily in the Geospatial market segments as the current product range is superior to that of its competitors in terms of ROI. In 2025, the Group aims to further strengthen and consolidate its market-leading position in the Geospatial sector by building on its core capabilities.
The Group will continue to invest in the further development and knowledge of the Group's products, targeted distribution systems as well as potential new strategic partnerships.
Based on this strategic focus, the Group anticipates that 2025 will be a year of consolidation with 0-5% revenue growth, and corresponding increase in profitability, during which it will reinforce its market position and operational foundations. From 2026 onward, the Group expects to return to a trajectory of sustained growth.