Trimco Group (Denmark) A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

The main activity has as previous years been producing and trading in Brand identification accessories to the textile industry. Trimco Group (Denmark) A/S 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 customers 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.
Trimco Group (Denmark) A/S is a part of TRIMCO Group, the global leader in supply chain traceability, data management, and RFID solutions, with comprehensive expertise in brand identity optimization for apparel and footwear brands worldwide. At Trimco Group, we are your brand guardian and trusted partner, supporting you with innovative and creative product designs and production techniques powered by deep expertise in data and technology.
Our subject matter experts provide reliable advice on care label regulations and ESG compliance for international markets.
With our global production footprint, we strive to deliver a trouble-free supply chain for all our brand owners to meet quality, timeliness, and sustainability demands.
Trimco Group entails the combined forces of the companies formerly known as A-TEX, CLOTEX, LABELON, and WAH LUNG, with more than 1,670 employees in 22 countries, serving more than 900 brands and 8,600 manufacturers worldwide.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

The Company’s profit for the year ended at DKK 32.399k against DKK 99.870k in 2022.
2023 was a challenging year for the retail industry in general and many of our customers experienced declining sales and booming inventories. This decline in the market is the primary driver behind the drastic decrease in the Company’s profit. On top of this, the subsidiary in Turkey became subject to the regulation on hyperinflationary accounting in 2023 which, in brief, resulted in a restatement of all the subsidiaries historical non-monetary transactions. This alone had a negative effect on the profit of DKK 13.031k in 2023.
All in all, the profit does not meet the expectations for the year.
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.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date

Beskrivelse af virksomhedens forventede udvikling

The retail market is expected to recover in 2024 compared to the challenging year 2023. As a result, the Company expects a substantial growth up to 50% in earnings in 2024 compared to 2023.
Factors of uncertainty to realize the expectations are related to the development in foreign exchange
rate, inflation rates, logistics and supply disturbances, the outcome of the presidential election in USA, further the development in the situation in Ukraine and the uncertainty about local and global restrictions towards the future implications from COVID-19.