Company type
Limited Corporation
Established
1982
Size
Large
Employees
2,270
Revenue
14,189 MDKK
Gross profit
2,589 MDKK
Operating Profit (EBIT)
1,064 MDKK
Profit for the Year
2,028 MDKK
Equity
6,688 MDKK
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Rank Profit for the Year

Rank in industry
1/4,391
"Top 10%"
Rank in Denmark
90/303,195
"Top 10%"

Top management Top 3

Board Top 3

Merete Bech Povlsen 38Chairman of board
Anders Holch Povlsen 121Boardmember
Finn Poulsen 34Boardmember

Legal owners Top 3

100%Bestseller United A/S

Rights certificate

Selskabet tegnes af 3 medlemmer af bestyrelsen eller af 2 medlemmer af direktionen eller af den administrerende direktør alene

Company information based on CVR

NameBestseller A/S
Alternate namesBestseller Retail A/S, Bestseller A/S Show more
CVR88216512
AddressFredskovvej 5, 7330 Brande
IndustryWholesale of clothing [464210]
Webhttp://
Established30-08-1982 (38 yr)
Company typeLimited Corporation
Number of employees2,270 (Fin.Stmt)
Advertising protectionNo
AuditorEy Godkendt Revisionspartnerselskab since 25-11-2011
Financial statement period01-08 to 31-07
Company capital110,000,000 DKK
400,000 DKK (30-08-1987 - 01-03-1995)
Articles of assoc. last03-01-2014

Member of industries

Purpose

Selskabets formål er at drive fabrikation og handel.

Financial Statement

 201920182017
Currency/unit000' DKK000' DKK000' DKK
Revenue
14,188,772
+2%
13,859,805
+5%
13,179,502
+2%
Gross Profit
2,588,926
-22%
3,333,180
+10%
3,024,556
+4%
Profit for the Year
2,028,458
+12%
1,808,475
+11%
1,622,844
+39%
Equity
6,688,255
+1%
6,616,392
+1%
6,528,231
-36%
Total Assets
13,667,228
+23%
11,102,466
+3%
10,811,710
-20%

Mangement review

Business activities
The Company’s and the Group’s activities are to develop and sell fashion wear. The Company and the Group primarily sell its goods in Europe, India and America.
Business model
BESTSELLER A/S (BESTSELLER) is a fashion company. BESTSELLER markets and sells fashion clothing and accessories for men, women, teens and children. BESTSELLER has offices and warehouses in 24 countries. The products are sold online, in approx. 2,800 chain stores and via approx. 18.000 wholesale customers of which 2.100 have shop-in-shops.
Business review
The Group's income statement for the year ending 31 July shows a profit after tax of DKK 2.108m.
The result of the year is in line with expectations and similar to the previous years.
During the financial year BESTSELLER A/S has performed an intergroup acquisition and demerger. BESTSELLER has acquired Toast (Mail Order) Limited, VILA A/S and their underlying subsidiaries. The acquisition is implemented using the uniting of interests method, which results in adjusted figures for the Group and the Parent Company for both current and prior years. BESTSELLER A/S has demerged assets into BESTSELLER Wholesale A/S and group entity VILA A/S has demerged assets into Vila Wholesale A/S.

The intergroup companies has been acquired for a total of DKK 594m. The carrying amount for the acquired group enterprises was DKK 78m lower than the acquisition price. The difference has been corrected in prior years equity.
Outlook
The expectations for 2019/20 is to deliver a result close to the previous year. This will require an extraordinary effort, particular considering the continued changes in consumer behavior leading to a new reality for online and retail.
Research and development
The Company's and the Group's collections are being continually developed during the financial year. The Company and the Group does not engage in other development activities apart from the regular development and maintenance of its IT systems.
Particular risks
In Management's assessment, the Company and the Group are not exposed to particular risks apart from those generally occurring in this line of business.
26-11-2019

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