Company type
Limited Corporation
Established
2013
Size
Large
Employees
520
Revenue
748 MDKK
Gross profit
122 MDKK
Operating Profit (EBIT)
64 MDKK
Profit for the year
43 MDKK
Equity
314 MDKK
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Rank Profit for the year

Rank in industry
1/21
"Top 10%"
Rank in Denmark
3,865/322,455
"Top 10%"

Top management Top 3

Per Thiesen 4Director

Board Top 3

Jes Carøe Munk Hansen 5Chairman of board
Per Thiesen 4Boardmember
Steen Michael Lynenskjold 5Boardmember

Legal owners Top 3

100%Terma A/S

Rights certificate

Medlemmer af bestyrelsen og af direktionen repræsenterer selskabet udadtil. Til at forpligte selskabet ved retshandler kræves underskrift af formanden eller næstformanden for bestyrelsen i forbindelse med et bestyrelsesmedlem eller med en direktør, eller af tre bestyrelsesmedlemmer, eller af to direktører i forening.

Company information based on CVR

NameTerma Aerostructures A/S
CVR35236252
AddressFabrikvej 1, 8500 Grenaa
IndustryManufacture of air and spacecraft and related machinery [303000]
Established30-04-2013 (9 yr)
Company typeLimited Corporation
Number of employees561 (man years:625)
Advertising protectionNo
AuditorEy Godkendt Revisionspartnerselskab since 30-04-2013
Financial statement period01-03 to 28-02
Company capital5,000,000 DKK
Articles of assoc. last25-05-2018

Member of industries

Purpose

Selskabets formål er at drive virksomhed i indland og udland med udvikling, design, fremstilling og salg af strukturer, strukturdele og parter til fly og helikoptere, samt hermed beslægtet virksomhed.

Financial Statement

 202120202019
Currency/unit000' DKK000' DKK000' DKK
Revenue
748,211
+32%
567,100
+17%
484,506
+8%
Gross Profit
122,034
+45%
84,184
+65%
51,071
+49%
Profit for the year
42,601
+77%
24,095
+898%
2,414
-
Equity
314,486
+23%
256,128
+12%
228,344
-7%
Total Assets
687,378
+20%
571,450
+8%
531,329
+6%

Mangement review

Management’s Review

Results for 2020/21Revenue for the fiscal year was 748 MDKK, equivalent to a growth of 32%. The order backlog at year-end was 1,053 MDKK. Earnings before tax were 54 MDKK, compared to 31 MDKK in 2019/20.The good results were achieved in a year dominated by COVID-19. The production facility in Grenaa had COVID-19 cases that disrupted production; however, the cases were contained, and effective restrictions implemented. Since the outbreak of the COVID-19 pandemic, Terma Aerostructures A/S has taken measures to ensure safety of our employees and reasonably mitigate the operational impact. Thereby, Terma Aerostructures A/S has maintained its operations running during the pandemic and delivered the best financial result to date. The good results were achieved by an intense focus on meeting On-Time-Delivery targets as well as timely recruitment of necessary staff.The Aerostructures manufacturing production in Grenaa will ensure production of parts and components for the aircraft industries at an international level with strict focus on delivering high quality products, on time delivery, and with a constant strive for cost reduction to ensure a healthy and profitable business.The Board of Directors and Management greatly appreciate the dedication, commitment, and efforts of the employees throughout the year and thank the leadership group in Terma Aerostructures for the extraordinary good result achieved.
27-05-2021

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