Haribo Lakrids A/S

HARIBO Lakrids A/S has identified its potential risks and has taken the necessary steps to secure the Company’s assets and minimize the risks. The Company has a strong cooperation with the HARIBO Group and uses the resources in the global HARIBO Group to secure its assets. Furthermore, the Company is continuously in contact with the authorities and with the Company’s insurance partner to make sure that the Company is updated both regarding legislation and new technology, in order to secure both the employees and other assets. HARIBO A/S fully respects the current legislation, with the aim of a more balanced gender composition in both the Supervisory Board and in other management positions. We strive to reach a balanced gender composition on all levels including management levels. The Supervisory Board consists of 3 members, which are all male. There has been no change to the Supervisory Board during 2022. Due to that it has not been possible to reach the goal of an even gender composition. The aim is to have at least one female member of the Supervisory Board when possible. The aim is to have at least one female member of the Supervisory Board in 2026. On other managerial levels there are 2 male directors, and 7 managers with a gender balance of 43% female and 57% men. The goal of having a balanced gender composition is obtained.

The Company's income statement for 2022 shows a profit of DKK 64,753 thousand as against DKK 69,863 thousand in 2021. Equity in the Company's balance sheet at 31 December 2022 stood at DKK 83,921 thousand as against DKK 109,167 thousand at 31 December 2021. In 2022 HARIBO Lakrids A/S reached above the expected forecast for net sales and EBIT, which is mainly caused by some positive side effect of increased demand related to the COVID-19 pandemic. The increasing cost base and general inflation have only had a smaller effect in 2022, due to the internal pricing structure, which cause a delay in the cost increase from HARIBO Produktion A/S to HARIBO Lakrids A/S. The Management Board sees this as a good result, considering the challenging market situation, heavily impacted by the war in Ukraine and related price increases of both energy and essential raw materials.