Precision Technic Defence A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Primary activitiesThe company's core activities include maintaining framework contracts with the Danish Defence Forces and securing new contracts with defense and police authorities in Denmark and the Nordic countries. Our activities encompass the development and sale of products and systems tailored for the defense and security sectors. Our product range includes clothing, protective equipment, software, electronics, displays, navigation equipment, cameras, and sensor systems for various platforms, including vehicles, vessels, and helicopters.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financesThe company's financial performance has been impacted by the aforementioned developments, contributing to increased revenue but also changing how we traditionally approach the market. However, we have managed to navigate these obstacles and continue to deliver value to our stakeholders. The result before tax for fiscal year 2024/25 was 14.5 mio. DKK. ​​Despite the challenges faced during the fiscal year 2024/2025, Precision Technic Defence A/S has demonstrated resilience and adaptability. We are confident that our strategic initiatives and commitment to excellence will drive continued success in the coming years. The overall assessment is satisfactory.​​Looking ahead, Precision Technic Defence A/S remains committed to its mission of protecting people and society. We will continue to innovate and adapt to the evolving needs of the defense and security industry, ensuring that we remain a trusted partner for our clients.
​​We have developed a new two-year strategic plan to guide our company towards growth and innovation in the coming years. This plan includes clear goals and action plans to ensure that we can navigate effectively in a dynamic market.
​​Additionally, our primary customer has changed their procurement procedure, which could present significant opportunities for our company moving forward, given our focus on complete integrated systems and capabilities.​​Market expansion​A sales company has been established in Sweden to support sales primarily in Sweden and Finland, marking its first fiscal year. This strategic move aims to enhance our local presence and drive growth in foreign markets. Additionally, an expansion in the Danish market, driven by the political and security situation in Europe, has been identified and is expected to continue. We also won our first tender in Norway, opening further opportunities in that market.​​Framework Contracts​Maintaining and securing new framework contracts with the Danish Defence Forces and police authorities in Denmark and the Nordic countries remains a priority. These contracts are crucial for sustaining our operations and ensuring long-term success.​​Training and Service ​The company continues to provide comprehensive training and service for the equipment we supply, ensuring that our clients can maximize the utility and effectiveness of their investments.​​Standards​During the financial year, the company’s management systems continued to perform reliably, as confirmed by three external certification audits (ISO 9001, ISO 14001, and ISO 27001), all completed without non-conformities. Notably, this compliance was maintained despite the relocation to new premises, reflecting the systems’ ability to support the organization through change. Two major non-conformities related to FLIR are currently under review,​and new quality objectives, aligned with the implementation of 'the customer journey', will be defined in Q2 2025.​​Employees ​Several new hires have been made, including a new Managing Director and two Business Development Managers.​​Challenges and impact​This fiscal year has been marked by several external factors that have influenced our operations:
​​Political Negotiations: The defense agreement, originally allocating 190 billion DKK, has been followed up with several sub-agreements, significantly increasing the defense budget in the coming years. These sub-agreements will result in procurement plans for the three branches of the military. The increased investments, particularly focusing on accelerating the buildup of the Danish Defense's combat capabilities, the development of the heavy brigade, and the expansion of the navy's capabilities, mean that we must continuously update our product programs to offer the demanded products and systems.
​​Security Situation: The war in Ukraine and the general security situation in Europe have resulted in increased demand for defense equipment. Time is now of the essence, and the additional funding is to ensure that the Danish Defence can respond more quickly to changes in the security situation and strengthen Denmark's defense​capabilities.
​​Donations: Unfortunately, the requirement for “danish content” has almost made donation sales impossible, which was far from the original expectations.
​​Competition: ​The competitive situation has changed significantly compared to the last fiscal year. We are experiencing increased competition from both established and new players who want to enter the defence market. This means​that many more are coming forward with bids for various solutions. This trend is expected to continue in the next​fiscal year, and we are mindful of our strategy to maintain our position in the market and keep adding value.​​New headquarters​Since September 2024, we have been located in our new headquarters. This new facility houses Precision Technic​A/S and two other entities within the Group. The building offers numerous possibilities, including the ability to monitor and adjust the use of heat, water, and electricity as needed. The area around the building is planted with native plants to sustain biodiversity.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Events after the balance sheet dateFrom the balance sheet date until today, no circumstances have arisen that upset the assessment of the annual report.