Sandma Holding A/S

Development in activities and financial matters
The income statement for 2022/23 shows a profit of DKK 23,602 thousand against a profit off DKK 14,946 thousand last year, and the group's balance sheet at 30 april 2023 shows equity of DKK 114,650 thousand. Management considers the net profit or loss for the year satisfactory.

The income statement for 2022/23 for the parent company shows a profit of DKK 23,602 thousand against a profit off DKK 14,948 thousand last year, and the balance sheet at 30 april 2023 shows equity of DKK 114,650 thousand. Management considers the net profit or loss for the year satisfactory. We have achieved the satisfactory result of DKK 23,602 thousand through a variety of positive impacts frem general high activity, terminated activities which were extended for a period, higher than expected demand on the charter market - most probably due to lack of normal levels of scheduled air service, good activity in our maintenance facility and low fuel prices. The previous uncertainty regarding the war in Ukraine and the subsequent closure of Ukrainian, Russian and Belarus airspace and increased energy prices are ongoing. Management considers the Group's financial performance in the year very satisfactory given the circumstances. Terminated activities have now ended and do no contribute so management expects a financial result in a lower level of 15 MDKK for the financial year 2023/24.