Virksomhedsform
Aktieselskab
Etableret
1987
Størrelse
Mellemstore
Ansatte
75
Omsætning
50 MDKK
Bruttofortj.
50 MDKK
Primært resultat (EBIT)
-8.135.000 DKK
Årets resultat
41 MDKK
Egenkapital
-7.024.000 DKK
annonce

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Rang Årets resultat

Rang i branche
5/630
"Top 10%"
Rang i Danmark
3.658/342.443
"Top 10%"

Direktion top 3

Bestyrelse top 3

Arnar Thorisson 1Bestyrelsesformand
Claus Hincheli Hejlesen 7Bestyrelsesmedlem
Sigurdur Krafn Kiernan 1Bestyrelsesmedlem

Legale ejere top 3

100%Ssts A/S

Tegningsregler

Selskabet tegnes af bestyrelsens formand sammen med et andet bestyrelsesmedlem eller en direktør eller af næstformanden eller den administrerende direktør sammen med 3 bestyrelsesmedlemmer.

Stamoplysninger baseret på CVR

NavnKilroy International A/S
BinavneKilroy Invest A/S, Kilroy Travels International A/S, Scandinavian Student Travel Service A/S, Scandinavian Student Travel Service A/S, Hyy Travel Group Vis mere
CVR10915295
AdresseNytorv 5, 1450 København K
BrancheRejsebureauer [791100]
Etableret01-01-1987 (37 år)
Første regnskabsperiode01-01-1987 til 31-10-1987
VirksomhedsformAktieselskab
Antal ansatte90 (årsværk:84)
ReklamebeskyttelseJa
RevisorGrant Thornton, Godkendt Revisionspartnerselskab siden 14-09-2023
Regnskabsperiode01-01 til 31-12
Selskabskapital18.000.000 DKK
17.839.400 DKK (13-06-2007 - 28-03-2021)
27.839.400 DKK (10-11-2004 - 12-06-2007)
23.450.000 DKK (01-10-1991 - 09-11-2004)
23.090.000 DKK (01-07-1991 - 30-09-1991)
5.070.000 DKK (27-06-1988 - 30-06-1991)
Vedtægter seneste29-03-2021

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Formål

Selskabets formål er at drive rejsebureauvirksomhed og hermed beslægtede aktiviteter.

Regnskab

 202220212020
Valuta/enhed000' DKK000' DKK000' DKK
Omsætning
49.570
+2%
48.415
-22%
62.130
-8%
Bruttofortjeneste
49.570
-5%
52.133
-18%
63.478
-6%
Årets resultat
40.538
-
-44.249
-
-118.325
-
Egenkapital
-7.024
-
-47.252
-
-17.743
-
Balance
222.624
+36%
164.124
-3%
169.989
-41%

Ledelsesberetning

Management’s ReportThe Kilroy Group delivered a positive result for 2022. Turnover increased to DKK 1,271 million from aturnover of DKK 335 million in 2021.The operating profit (EBITDA) was DKK 63 million, compared with a loss of DKK 35 million in 2021.The profit before tax (EBT) was DKK 47 million.Thus, the financial result of the Kilroy Group surpassed the targets set for 2022.The Board of Directors expressed satisfaction with the result.The EBITDA development for the Kilroy Group is shown in the chart below.Market environment2022 had it all. The beginning of 2022 was still heavily affected by the COVID-19 pandemic and numeroussales transactions had to be refunded to customers.As the world slowly reopened, the next challenge was to re-establish the sales organisation to serve atravel demand that, in certain customer segments, was higher than before the pandemic.In some of the Group’s markets, travel demand exceeded the sales capacity.The Group’s turnover per market is illustrated in the chart to the right.DistributionCustomers exhibit increasingly diverse behaviour when planning and executing a purchase.The Kilroy Group recognizes the need to offer a wide range of contact and selling points for theirdiscretionary use.But as always, personal counselling is still at the core.The pandemic clearly accelerated the use of online meetings, but the Kilroy Group continues to believe inthe value of physical presence so customers can meet their advisors face-to-face. During 2021 and2022, the portfolio of the Group’s locations was revised but most locations remain.In Bristol, UK, a new KILROY location was signed in March 2023, with the aim of opening in May 2023.The youth and student ticketWhat today is known as the Kilroy Group was the founder of special student and youth flight tickets, andfor decades, the Kilroy Group has been active in the Student Air Travel Association (SATA). Originally,this type of youth travel was conducted on the SATA member’s own flight ticket stock, and settlementtook place after the ticket was flown.This is also known as the flown revenue concept. The SATA ticket met the demands of a specialsegment of students and other young people who often travel for longer periods –at affordable pricesand with a high degree of flexibility.While the Kilroy Group strives to keep these demands in focus, it’s also streamlining the business tomeet our suppliers’ demand for seamless integration. We pursue this via industry-standard settlementprocedures to ensure cost efficiency, both for Kilroy and for the airlines.The unique youth and student ticket has been the instrument for serving thousands of young people whileenroute. This service is provided primarily online from a central service team in Copenhagen.Ownerships and M&AIn February 2022, KILROY Finland OY AB divested its share stake of 52% in Frank Students OY AB.Despite this move, the Kilroy Group will continue close cooperation with Frank Students OY AB via theISIC and KILROY brands.In October 2022, Kilroy International A/S incorporated a subsidiary, KILROY Travels UK Ltd., in theUnited Kingdom.This company was established to pursue opportunities arising since the pandemic and the alteredlandscape for youth and student travel in the UK.The Kilroy Group will continue to explore M&A opportunities in businesses and assets that cancontribute to long-term growth and profitability.

TechnologyA condition for the Group’s continued development is reducing transaction costs so we can focusemployees’ time on creating more value for our customers.Investments in technology, alignment of work processes and, not least, upgrading employees’competences are crucial for our long-term success.All sales units use the same IT-platform, which paves the way for accelerating and unifying best practices.Own software is developed and maintained in-house to ensure customer centricity, and to fast-tracklead-time on critical development tasks.For processes where alignment and efficiency exceed the importance of customer focus anddifferentiation, it remains a priority to use mainstream technology and cloud services in all parts of oursystems infrastructure.Most system costs are based on long-term maintenance contracts.This ensures our readiness for adopting the newest market trends and developments.EquityDuring 2020 and 2021, the pandemic completely eroded the Group’s equity, including free reserves ofDKK 100 million.Consequently, it was necessary to re-establish the equity and liquidity to a level that ensured that theGroup could continue operation. This was completed in April 2021, and consists of new capital from thecurrent owners, subordinated loans from Vækstfonden(the Danish state’s investment fund) and themajority owner.The management expects to restore the equity to the pre-pandemic level by means of earnings in thecoming years.With the profit in 2022, the Group has taken an important step towards this restoration although theequity remains negative. When including the subordinated loans, the equity appears positive.The Board proposes that no dividend be paid for the year 2022. Future dividends will be proposedaccording to the governance associated with the subordinated loans, as well as the Kilroy Group’sexpansion plans, consolidation, and liquidity requirements.The development of equity for the Kilroy Group is shown in the chart to the right.Shareholder information & annual reportThe ownership structure remained unchanged in 2022 as the Danish company, SSTS A/S, holds 100%of the shares in Kilroy International A/S.SSTS A/S currently has no other activities than the ownership of the Kilroy Group.The company is owned by a group of Nordic investors who have, or have had, management positionswithin the Group.Detailed information about the group of owners can be found in note 17.The Annual Report of Kilroy International A/S is included in the Annual Report of SSTS A/S.The Annual Report of SSTS A/S can be obtained from: SSTS A/S, Nytorv 5, 1450 Copenhagen K, DenmarkAuditingKPMG is the main auditor of the Group.Tapio KiiskinenIn 2022 the Group lost one of its owners, TapioKiiskinen, who passed away in September 2022. Untilhis death, Tapio Kiiskinen was co-owner and boardmember of the Kilroy Group.Mr. Kiiskinen played an active role in the Nordic travelagencies in the 1980’s and was instrumental inestablishing the Kilroy Group in 1991. He served asChairman of the Board for more than 20 years.
27-04-2023

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