Virksomhedsform
Aktieselskab
Etableret
1995
Størrelse
Store
Ansatte
310
Omsætning
1.062 MDKK
Bruttofortj.
260 MDKK
Primært resultat (EBIT)
18 MDKK
Årets resultat
11 MDKK
Egenkapital
455 MDKK
annonce

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Rang Årets resultat

Rang i branche
4/42
"Top 10%"
Rang i Danmark
11.093/342.443
"Top 10%"

Direktion top 3

Torben Beck 3Direktør

Bestyrelse top 3

Steven Pocock 1Bestyrelsesformand
Michael Nielsen 2Bestyrelsesmedlem
Mark Breyt Palm 1Bestyrelsesmedlem

Legale ejere top 3

Tegningsregler

Selskabet tegnes af bestyrelsens formand, bestyrelsens næstformand eller den administrerende direktør, hver især i forening med en direktør eller et bestyrelsesmedlem, eller af den samlede bestyrelse.

Stamoplysninger baseret på CVR

NavnPpg Coatings Danmark A/S
Binavne+Plus Malergrosisten Herlev A/S, +Plus Malergrossisten Aalborg A/S, +Plus Malergrossisten Esbjerg A/S, +Plus Malergrossisten Vejle A/S, +Plus Malergrossisten Viborg A/S, +Plus Malergrossisten Århus A/S, +Plus Paint A/S, A/S Pieter Schoen & Zoon, Alcro-Beckers Danmark A/S, Beckers Maling A/S, Danish Indian Paint Company A/S, Dyrup A/S, Farve- og Lakfabriken S. Dyrup & Co. A/S, Farveriget A/S, Gjøcodan A/S, Gori A/S, Ipn A/S, Iso Paint A/S, Iso Paint Nordic A/S, Isonit A/S, Pigmenta A/S, Plus Farver A/S, Plus Maler A/S, Plus Malergrossisten A/S, S. Dyrup & Co. A/S, Sigma Coatings A/S, Sigma Service Center A/S, Sigmakalon Danmark A/S, Tikkurila Coatings A/S, Tikkurila Danmark A/S Vis mere
CVR18998696
AdresseGladsaxevej 300, 2860 Søborg
BrancheFremstilling af maling, lak og lignende overfladebehandlingsmidler, trykfarver samt tætningsmaterial [203000]
Etableret18-12-1995 (28 år)
Første regnskabsperiode18-12-1995 til 31-12-1995
VirksomhedsformAktieselskab
Antal ansatte314 (årsværk:282)
ReklamebeskyttelseNej
RevisorPricewaterhousecoopers Statsautoriseret Revisionspartnerselskab siden 25-06-2013
Regnskabsperiode01-01 til 31-12
BankforbindelseDanske Bank
Selskabskapital110.000.000 DKK
100.000.000 DKK (31-05-1996 - 09-07-2008)
1.500.000 DKK (15-01-1996 - 30-05-1996)
500.000 DKK (19-12-1995 - 14-01-1996)
Vedtægter seneste06-03-2023

Formål

Selskabets formål er - direkte eller via besiddelse af kapitalandele i andre selskaber at drive industri-, handels- og investerings-virksomhed, herunder fremstilling og afsætning af maling, træpleje og speciallistprodukter og dermed beslægtede produkter.

Regnskab

 202220212020
Valuta/enhed000' DKK000' DKK000' DKK
Omsætning
1.062.211
+18%
897.241
+1%
890.449
+19%
Bruttofortjeneste
260.422
-6%
278.345
-13%
318.863
+43%
Årets resultat
10.948
-87%
82.649
+58%
52.386
-
Egenkapital
455.039
+34%
338.743
+31%
259.001
+26%
Balance
816.892
+20%
681.500
+10%
617.247
+17%

Ledelsesberetning

The Company's principal activities PPG Coatings Danmark A/S is a 100%-owned subsidiary in the Group of PPG Industries Inc. headquartered in Pittsburgh, USA. As a global supplier of paints, coatings and specialty materials, PPG Industries Inc. operates in more than 75 countries and employs around 50.000 people to bring life to our purpose and promise: WE PROTECT AND BEAUTIFY THE WORLD™. The activities of PPG Coatings Danmark A/S comprise production and distribution of paints, wood stain products and speciality products and we employ 310 people. Our production takes place at the factory in Søborg, Denmark, but products are also purchased within PPG Industries Inc. and from external suppliers. Distribution primarily takes place through 'do it yourself' chains to end-users or through PPG Coatings Danmark A/S' 24 ProCenters where professional paint contractors buy products and tools. In line with our corporate purpose and promise, the objective of PPG Coatings Danmark A/S is to deliver quality products and continuously develop technologies that provide additional benefits to our customers. Development in activities and the financial situation The Company's Income Statement of the financial year 1 January 2022 to 31 December 2022 shows a result of DKK 10.948.023 and the Balance Sheet at 31 December 2022 a balance sheet total of DKK 816.891.677 and an equity of DKK 455.038.946. Expectations for the future The Company expects the operating profit to be between DKK millions 25 and DKK millions 50 and revenue is expected to be between DKK millions 800 and DKK billion 1 in 2023. Net profit/loss for the year compared with expected developments in the most recently published annual report The operating profit is within our expectations. Statement on Sustainability Through our business and principal activities, as mentioned above under section 'The Company's principal activities', PPG Coatings Danmark A/S contribute to PPG Industries Inc.'s continued efforts to enhance and strengthen sustainable operations and bring life to our corporate purpose and promise. In line with PPG Industries Inc.'s sustainability vision we are committed to delivering lasting value for shareholders and customers by operating with integrity, working safely, respecting the contributions of our people, preserving the environment and supporting the communities where we operate. Furthermore, we launched in 2018 corporate sustainability goals towards 2025 that guides our company in implementing sustainable business practices. Our research and development portfolio are driven by environmental stewardship and our goal is to achieve 40% of sales from sustainable products and processes by 2025. For more detail see PPG Industries Inc.'s consolidated sustainability report available at www.sustainability.ppg.com. At PPG Coatings Danmark A/S, we also focus our sustainability efforts on our production facility in view of potential risks related to the environment, health, and safety (EHS). In 2021 we implemented a Sustainability roadmap to drive our sustainability goal on Energy, Water and Waste. In 2022 main efforts was to chase energy efficiency and drive our waste and water reduction roadmap. We comply with applicable law and PPG Industries Inc.'s sustainability policies that respond to identified risks and opportunities and details internationally recognized standards within the area of the environment, human rights including labor rights, anti-corruption and corporate governance. Similarly, we expect our suppliers and their subcontractors to comply with applicable law and to adhere to the standards described in our Global Code of Ethics. Environment, health, and safety Our EHS Policy states that PPG Industries Inc. market, distribute and manufacture products globally in a responsible manner that protects employees, neighbors, customers, and the environment. The policy incorporates elements of Responsible Care and Coatings Care initiatives and emphasizes our commitment to continuous improvement and sustainability.   Through our global EHS management system 'PPG EHS Management System', we work to meet our objectives and monitor our performance at our production facility. Our Danish EHS Leadership Team has 16 members representing different parts of the business. Our EHS Leadership Team summons monthly to discuss progress and perform annual assessment of EHS risks and prioritized actions accordingly. Key Environmental Health & safety Practice and Corporate Goals (2017 as baseline):  Waste: The more efficient we use materials to make our products, the less waste we produce and, the fewer resources we consume. We work toward absolute material utilization throughout our manufacturing processes followed by eliminating, minimizing, reusing, and recycling the waste materials we do produce. Our corporate 2025-goal is a 25% reduction in waste.   Water: We see it as our responsibility to optimize water use through conservation and reuse. And continue to reduce our consumption of water in our production. Our corporate 2025-goal is a 20% reduction in water consumption. Energy: Most of our manufacturing processes are not energy-intensive, but we are committed to reducing our energy consumption to minimize our greenhouse gas (GHG) emissions, reduce costs and create more energy efficient facilities. Our corporate 2025-goals are a 15% in energy reduction and a 15% reduction in GHG emissions. Spill and releases: We have strong management practices in place to prevent spills and releases, and our corporate spill-elimination standard requires the establishment of a spill-elimination program at our facility. Our corporate 2025-goal is a 65% improvement in our spills and release rate. 2 spills (Cat I) were recorded in 2022.   Injury & Illness: The corporate target of PPG Injury and Illness (PPG I&I) incidents is zero. PPG I&I includes fatalities, amputations, 30 or more calendar days of away from work and third-degree burns. PPG Coatings Danmark A/S registered 1 I&I's in 2022 due to a powered industrial Truck-related incident in our ProCenters. Our EHS efforts in 2022 where focused to drive improvements across strategic programs such as Spill Prevention, Slip, Trip & Falls and Ergonomics. In 2022 we did an internal audit on our Field Safety program with an encouraging result. In 2022 the Soborg Site agreed upon an action to mitigate the threshold exceeding on our waste water discharge permit from 2021. Furthermore, we are pleased that in close cooperation with the municipality, a 25 year long project to remediate BTEX from the underground soil has now come to an end, and a decommissioning project to close ground water boreholes and remediation equipment has been initiated. EHS key performance indicators 2022 Total waste intensity (metric tons/100 ton production): 2022: 6,4 (2021: 5,22; 2020: 5,60) Water usage intensity (cubic meters/metric ton production): 2022: 0,51 (2021: 0,50; 2020: 0,50) Energy intensity** (million British thermal unit/metric ton production): 2022: 1,59 (2021: 1,45; 2020: 1,22) Spills and releases (category I, II and III) rate*): 2022: 11,95 (2021: 0,00; 2020: 0,00; 2019: 0,00; 2018: 1,20) PPG II incident rate***): 2022: 0,52 (2021:0,57; 2020: 0,00) The EHS indicators for PPG Coatings Danmark A/S' production facility are prepared in accordance with PPG Industries Inc.'s EHS accounting principles. Conclusion In conclusion, 2022 showed a strong safety performance. Targets for sustainability rates and spills where not fully met and improvement plans have been developed. Our sustainability intensity targets 2022 have been influenced by a decrease in production volume, breaking the curve of sustainability performance increases in 2021. We will continue to measure, focus on and develop the above-mentioned key areas. *) The rate is calculated by multiplying the number of Incidents (Category I/II/III) by 200,000, and then dividing that number by the number of working hours at the manufacturing site Soborg. **) Energy intensity is a rate calculated by electricity, natural gas and district heating/production volume at the manufacturing site Soborg. ***) The rate is calculated by multiplying the number of Incidents by 200,000, and then dividing that number by the number of working hours at the manufacturing site Soborg. Employee relations Our 310 employees are the key asset and intellectual capital resource of PPG Coatings Danmark A/S. In 2022 there has been a special focus on integration of Tikkurila Danmark A/S into PPG Coatings Denmark A/S. There has been a focus on onboarding the employees as well as integrating systems. It is pivotal that we can attract and retain employees and that they have the right competences. Hence, a clear focus on learning and development is crucial to ensure that we keep our employees engaged, productive and successful at every stage of their careers. We are committed to promoting from within wherever possible while also bringing in new ideas, thoughts, and insights. It is Management's assessment that PPG Coatings Danmark A/S has the right competences to develop its business positively going forward. Overall, our Global Code of Ethics sets the standard for the relationship between PPG Industries Inc. and its employees. At PPG Coatings Danmark A/S, the HR-department manages employee related matters in view of the Code of Conduct to nurture a good working environment and accelerate employee development. Employees have access to an anonymous Ethics hotline, there are Ethics training, Ethics sessions for managers and Ethics is part of our Employee survey as we want to foster an environment where all can speak up. Our work council, which engages representatives from management, HR and our production facility, met three times in 2022 to discuss pertinent issues and assess progress in our work. Furthermore, the employee's trade union representative gives advice to employees if they have work-related problems. Our Code and daily practice in 2022 focused on: Diversity: We value differences among us in experience, perspective, background, race, age, national origin, religion, sex, sexual orientation, gender identity and/or expression, culture, interests, geography, and style, and we strive for a collaborative environment in which everyone can participate and contribute. We base employment decisions on job qualifications and merit, which include education, experience, skills, ability, and performance. Human rights, including labor rights: We respect the dignity and human rights of all people, and we comply with all laws pertaining to freedom of association, privacy, collective bargaining, immigration, working time, wages, and hours, as well as laws prohibiting forced, compulsory and child labor, human trafficking, and employment discrimination. Non-discrimination and harassment: We give equal employment opportunity to and will not discriminate against individuals on the basis of any status protected by applicable laws. We are committed to providing a workplace that is free from harassment and bullying. Data privacy: We respect individual privacy rights and are committed to collecting, handling, reviewing, and protecting personal information responsibly and in compliance with applicable privacy and information security requirements and laws. We strive to respect the privacy of our employees by honoring our legal requirements and upholding high ethical standards. As we continue our progress and focus on diversity, equity & inclusion as a business priority, we have introduced a new initiative in 2022 to build greater diversity in our candidate pools. This begins with a more refined and differentiated recruitment process. We use labor market data to ensure that our candidate slate reflects the labor market for the geography and function of the vacancy. An artificial intelligence tool helps us mitigate unconscious bias from our recruiting communications. Labor market data is utilized to determine diversity slate targets. Interviewers from underrepresented demographics is included in the selection process. Finding the most qualified candidate is always our priority. While the time that it takes to build a candidate slate will increase for certain roles, increasing diversity will improve business results for PPG Coatings Danmark A/S. Diverse teams drive innovation and efficiencies, while driving growth for PPG Coatings Danmark A/S.  We also continued to nurture a culture of health, where our employees become responsible for their individual well-being through informed, active participation in health and wellness activities. We focus on nutrition, exercise, health, and mindfulness/stress which research has identified as key to our employee's overall well-being. For example, the wellness program at PPG Coatings Danmark A/S, which has been in place for several years, includes different physical wellness activities, Employee Assistance Program and Financial Wellness Program. We are fulfilling our corporate 2025-goal that is 100% of PPG facilities have wellness programs. During 2022 Management focused to set up processes for: - Driving employee engagement accountability (targets was set for managers to focus on feedback and improvement actions). Target for 2022 accountability was index +0,1 with 2022 resulting in 4,08 compared with 2021 at 3,88. The target for 2023 is an index of +0,12. (Method: Gallup questionnaire) - Increase of female representation (monitoring ratios between female and male) Target 2025 globally 35%. In Denmark 29% in 2022 (27% in 2021). (Method: Number of women / total number of employees) - Secure mutual respect in all sectors of the business with diversity workshops and focus on ethics. For 2022 no recorded training was conducted however there has been continued focus throughout 2022 especially at townhalls. Focus will continue in 2023 with PPG Coatings Danmark A/S participating in the initiative 'Gender Diversity Pledge' organized by Dansk Industri/The Confederation of Danish Industries. We will continue to measure, keep focus on and develop the above-mentioned key areas. Anti-corruption and bribery Our Global Code of Ethics and Global Anti-Corruption Policy make clear that PPG Industries Inc. prohibit bribery and corruption in all of its business dealings in every country. We must govern our conduct in order to conform to the rigorous anti-bribery and anti-corruption laws in place throughout the world. Hence, PPG Coatings Danmark A/S' employees and intermediaries are prohibited from making, offering or accepting bribes, payments or anything of value in order to improperly obtain or retain contracts, business, government approvals, favorable tax or customs rulings, or to secure any other improper business advantage, with any entity or individual. At PPG Coatings Danmark A/S, we have established internal controls and accounting practices to prevent and reduce the risk of use of funds for bribes or unlawful payments. Furthermore, our Global Code of Ethics provide guidance to our employees in their daily business conduct. If there is suspicion or known violations of our policies employees must report the information to our global Chief Compliance Officer, Danish counsel representative or they can use our corporate confidential, anonymous 'Ethics Hotlines'. In 2022 all employees at PPG Coatings Danmark A/S participated in and passed our annual mandatory online training and our Corporate Audit Services regularly monitor and review employee compliance with the Global Anti-Corruption Policy. We continue to train our employees to prevent compliance breaches and make sure that their knowledge and understanding is updated. Target 2023 100% participation as in 2022. Statement on gender distribution in management To ensure that employees feel valued and respected, PPG Industries Inc. is committed to providing a workplace that embraces a culture of diversity and inclusion. Diversity among employees and within management is considered a strength for the business. We are actively promoting gender diversity and it is PPG Coatings Danmark A/S ambition to increase the number of women in management. Our target for gender representation within our supreme management body, the Board of Directors, is to have one woman among the three members elected by the annual general assembly no later than 2025. As all members of the Board of Directors were re-elected in 2022, there were no women represented. The representation of women in management, which represents the management team, is 25%. This has increased from 18% in 2021. To improve gender distribution, it is part of our practice to shortlist both male and female candidates when we hire or promote employees to management positions. We also provide equal opportunity for all employees to increase their skills and competences through additional training and education and we continue to encourage and support female colleagues with management potential and ambitions to seek a career within PPG Coatings Danmark A/S. The overall objective of the PPG Group is to have the highest standards within Corporate Social Responsibility. Considerable resources have been used to implement the global standards for environment and work environment. Human rights - Business partners PPG Industries Inc. has set up politics and processes for our business partners. We refer to the part “Business partners“ under https://sustainability.ppg.com/Governance/Human-Rights "We expect all of our contractors, suppliers and other business partners to respect and uphold our commitment to human rights in their operations. In particular, our suppliers are a core focus of our human rights due diligence process. We evaluate their commitment and adherence to human rights through our supplier onboarding process, assessments of our high-risk suppliers globally and annual audits of selected suppliers. Our Global Supplier Code of Conduct clarifies our global expectations in the areas of business integrity, labor practices, associate health and safety, and environmental management. Specific requirements relating to human rights include: - Treating employees fairly, including with respect to wages, working hours and benefits; - Prohibiting all forms of forced or compulsory labor; - Prohibiting the use of child labor; - Respecting employees' right to freedom of association and collective bargaining, consistent with local laws; - Providing safe and healthy working conditions; - Conducting operations with environmental diligence and complying with all applicable environmental laws and regulations; and - Delivering products and services meeting applicable quality and health and safety standards. With the phased launch of our global eProcurement (ePro) platform beginning in 2021, our suppliers will now use the ePro supplier portal to do business with PPG Group. This includes completing an electronic acknowledgement of our Global Supplier Code of Conduct and Supplier Sustainability Policy and indicating compliance with data privacy laws as they pertain to any relationship with PPG Group. Since the launch in the United States and Canada, and in Europe, the Middle East, and Africa, over 10,000 suppliers, more than a third of our supply base, have acknowledged that they adhere to the aforementioned policies. We expect our suppliers to immediately report any suspected violations of our Global Supplier Code of Conduct through the PPG Ethics Helpline or other specified channels. In the event of any non-compliant activity or violation of the Code, the supplier may be required to provide a detailed corrective action plan to address the deficiency. We reserve the right to terminate our relationship with any supplier that cannot demonstrate compliance with the Code. Our Supplier Sustainability Policy builds upon our Global Supplier Code of Conduct by establishing expectations for sustainability within our supply chain. This policy reinforces our expectations that our suppliers, as well as their subcontractors, will comply fully with applicable laws and to adhere to internationally recognized environmental, social and corporate-governance standards. Each supplier must evaluate and maintain sustainable processes and raw material sources throughout their supply chain and supplier base. We also encourage our suppliers to innovate and develop new products requiring less intensive material and energy consumption, along with leveraging their collective strengths to help us meet our sustainability goals. To support this, we have engaged ECOVADIS®, a leading global corporate social responsibility and sustainability ratings company, to leverage assessment processes, tools, resources, and insights to drive sustainability standards and practices throughout our global supply base. Key assessment areas include labor and human rights, which cover employee health and safety, working conditions, child labor, forced labor, human trafficking, diversity, discrimination, and harassment. EcoVadis sustainability intelligence provides broadscale supply chain risk screening and mapping, supplier sustainability metric scorecards with actionable ratings, and audit and improvement management capabilities. The average score of PPG suppliers who have had their labor and human rights programs rated by EcoVadis through December 31, 2021, was above EcoVadis' market average score. This inofrmation will help us ensure our suppliers around the world are equally committed to sustainability as we are. We are an active member of the RESPONSIBLE MICA INITIATIVE® (RMI), which aims to mobilize the supply chain to eradicate child labor in India's mica mines through traceability efforts and community-building activities. RMI's holistic approach implements three program pillars simultaneously: - Mica supply chain mapping and workplace standards for mica collection and processing; - Community empowerment, including improved educational resources and alternative means of livelihood, in villages that provide the mica workforce; and - Legal frameworks for the mica sector. See the Supplier Sustainability section for additional details on how we address human rights as part of our procurement process. Additional information about the steps we have taken to ensure human rights are respected in our own operations and within our supply chain also can be found in our California Transparency in Supply Chains Act Statement and Modern Slavery and Human Trafficking Statement. Reporting Human Rights Violations Employees, suppliers and other third parties can anonymously report suspected human rights violations within our operations and those of our suppliers through the PPG Ethics Helpline. The helpline is managed by an independent, third-party firm, and we investigate each allegation thoroughly and fairly. Additional information on the helpline and our expectations for a high standard of integrity and professional conduct for employees and business partners can be found in the Governance Overview section.” PPG Industries Inc. prepares a Sustainability Report (Supplier Sustainability section) every year. Latest report available is for 2021 - and can be found on https://sustainability.ppg.com/Goverance/Supplier-Sustainability. The report include work performed during the year and achievements as well as expectations for the future. Our approach to assessing the sustainability of our supply base has changed and also improved significantly in 2020. Historically, we assessed our top 100 suppliers globally that represented approximately 25% of our annual procurement spend. More recently, we shifted our focus to evaluating and monitoring 1000 high-risk suppliers based on geographic location and industry to better gauge ongoing or potential risk with existing suppliers. We expanded the scope from 100 suppliers per year to 1,000 suppliers based on a preliminary risk assessment around activities such as mining, geographic position and other category risk factors. We are conducting the program in quarterly waves of approximately 200 suppliers through 2021. At the end of 2021, 816 suppliers have been contacted and more than 67% had responded and been rated as of March 2022. We are evaluating four key segments of sustainability:  - Environment: Energy consumption, product use, customer health and safety, and biodiversity; - Labor and human rights: Employee health and safety, working conditions, child labor, forced labor, human trafficking, diversity, discrimination and harassment; - Ethics: Corruption and anticompetitive practices; and - Sustainable procurement: Supplier environmental and social practices. The EcoVadis scorecard allows assessed companies to benchmark against industry peers, and it provides an overall corporate social responsibility (CSR) performance rating on a scale from increasing risk to best in class. The majority of our initial respondents received a score that demonstrated a confirmed level of engagement. Our plan is to achieve a 100% response rate in 2022 and use that information to improve practices within the supply base. Procurement plays a fundamental role in our commitment to sustainability, and it is critical to drive those responsibilities into our global supply base as an extension of our values and expectations of the way do business. The 2022 report is expected to be published end of Q2 2023. Data ethics PPG Group does not use advanced technologies such as artificial intelligence or machine learning. The company handles general data in the form of customer data, vendor data and employee data. Data is processed in accordance with the GDPR and our privacy and information security policies (if you have it). With the limited processing of data, it is the company's assessment that there is no need for a policy on data ethics. The Company will continuously assess whether a policy is necessary. Uncertainty relating to recognition and measurement Recognition and measurement in the Annual Report have not been subject to any uncertainty. Subsequent events No special events have incurred after closing of the financial statements of 2022. The Management is still following the effects of geopolitical changes as well as inflation and interest rate developments to see if any effects are expected to profit in 2023.

Development in activities and the financial situation The Company's Income Statement of the financial year 1 January 2022 to 31 December 2022 shows a result of DKK 10.948.023 and the Balance Sheet at 31 December 2022 a balance sheet total of DKK 816.891.677 and an equity of DKK 455.038.946.
26-06-2023

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