Company Type
Limited Corporation
Established
1995
Size
Medium
Employees
79
Revenue
- DKK
Gross profit
62 MDKK
Operating Profit (EBIT)
14 MDKK
Profit for the Year
53 MDKK
Equity
243 MDKK
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Rank Profit for the Year

Rank in industry
2/288
"Top 10%"
Rank in Denmark
2,106/301,043
"Top 10%"

Top management Top 3

Board Top 3

Chuk Kwan Wan 2Chairman of board
Miranda Shui Yau Kong 1Boardmember
Wai Yee Lam 2Boardmember

Legal owners Top 3

100%A-Tex Holding A/S

Rights certificate

Selskabet tegnes af den samlede bestyrelse, af to bestyrelsesmedlemmer i forening eller af et bestyrelsesmedlem i forening med en direktør

Company information based on CVR

NameA-Tex A/S
Alternate namesA-Tex Ejendomme A/S Show more
CVR18435543
AddressRosenholmvej 1-5, Tjørring, 7400 Herning
IndustryWholesale of textiles [464100]
Established22-03-1995 (25 yr)
Company TypeLimited Corporation
Number of employees79 (Fin.Stmt)
Advertising protectionNo
AuditorPricewaterhousecoopers Statsautoriseret Revisionspartnerselskab since 26-05-2016
Financial statement period01-01 to 31-12
Company capital1,100,000 DKK
Articles of assoc. last23-05-2014

Member of industries

Purpose

Selskabets formål er at drive virksomhed inden for handel og industri og anden i forbindelse hermed stående virksomhed, herunder at besidde kapitalandele i andre selskaber.

Financial Statement

 201820172016
Currency/unit000' DKK000' DKK000' DKK
Revenue
-
-
-
-
-
-
Gross Profit
62,428
-1%
62,800
-5%
66,400
+1%
Profit for the Year
52,748
+11%
47,695
+9%
43,572
+63%
Equity
242,980
+27%
191,267
+1%
189,921
+29%
Total Assets
289,290
+9%
264,628
+10%
239,575
+27%

Mangement review

Key activities
The main activity has as previous years been trading in Brand identification accessories to the textile industry. A-TEX is one of the leading global suppliers of identity creating branding items - including labels, hang tags, badges, packaging solutions and store decorations for leading international fashion brands. We offer our costumers innovative design and deliverance on time - as a result of effective and high quality logistic solutions. The products are sold in numerous countries, primarily to brand owners in Europe and US.
Development in activities and financial conditions
The A-TEX Group, including A-TEX A/S, has in the current financial year been focused on continuous development of the activities, cost management and consolidation of the previous years’ expansions and investments. The Group now has a global distribution network for servicing the European and American customers and A-TEX is therefore well prepared to respond to the customers’ requirements in the future.

A-TEX Group is a part of TRIMCO Group which is a leading global player within the industry for garment accessories with more than 1,200 employees across 19 countries and well renown in-house design, production and logistic capabilities. TRIMCO is the overall shell for the three individual brands: A-TEX (based in DK), Clotex (based in Hong Kong) and Labelon (based in UK).

The Company’s profit for the financial year 2018 is DKK 52,7 mill. against DKK 47,7 mill. in 2017 and in line with expectations. The result is considered to be satisfactory.

A continued, intense focus on the sourcing and logistics set-up, has brought increased competitive advantage and has created a solid platform for future growth in both activity and earnings. To strengthen and to keep the Group’s market position, there will be a continued focus on design, product development and IT systems, that support the Group’s product- and logistics solutions. In addition the high focus on supplier management will continue as the CSR strategy is deeply integrated in the general business strategy.
Special risks - operating risks and financial risks
Foreign exchange risks
Because of activities abroad, the Group's transactions are affected by the development in a number of currencies. The foreign exchange risk is hedged through attempted disposition of purchases and sales in the same currency. No speculative currency dispositions has been made.

The Group follows a fiscal policy that operates with as low risk as possible.
Research and development
The Group doesn't undertake research or development, but there are however ongoing adjustments of the Group's product portfolio so it meets market requirements.
External environment
We care about the environment and that is why we take our social responsibility seriously. It is a vital part of our DNA. Therefore, we offer a varied range of sustainable raw materials for all purposes.
Targets and expectations for the year ahead
The Company expects an increasing level of activity and positive earnings in 2019 compared to 2018. Factors of uncertainty to realize the expectations are related to the development in foreign exchange rates and the consumer retail business in general.
Subsequent events
No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.
31-05-2019

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