United Cargo Handling Aps (Koncern)

The principal activities of the group The main purpose of the Company is to be parent company for the United Cargo Handling Group's companies. The Group main activities are international forwarding of Heavy Machinery, providing professional shipping services for the construction & mining industries since 1971 with offices in UK, USA & Germany. Development in activities and financial matters The gross profit for the year is DKK 313.000 against DKK 228.000 last year. The results from ordinary activities after tax are DKK 2.644.000 against DKK 3.391.000 last year. The management consider the result as satisfactory. Special risks Price risks The Company’s and the Group's result and equity are affected by the fluctuation in freight rates, interest, exchange rates and oil prices. Environmental issues The company is environmentally aware and continuously works to reduce the environmental impact from its operations. The company has no written environmental policies. Know how resources Each year the group invests resources in training and development of the group's employees at all levels of the organization. Research and development activities The company itself does not perform actual research and development activities The expected development The Group expects a positive result for 2020, Events subsequent to the financial year At the moment, the management in the group can't assess the effect of the development of Covid-19 that occurred after the end of the financial year. In addition, no events have occurred after the end of the financial year that could significantly affect the financial position in the group.

Development in activities and financial matters The gross profit for the year is DKK 313.000 against DKK 228.000 last year. The results from ordinary activities after tax are DKK 2.644.000 against DKK 3.391.000 last year. The management consider the result as satisfactory.