Power Stow A/S

Ledelsesberetning

Key activities The activities include production and sales of cargo handling solutions for the aviation industry.The solutions reduce the hard physical work and strain on luggage handlers. They also increase the speed and flexibility when loading and offloading bulk baggage and cargo. Development in the year The gross profit for the year is DKK 213.2 mio. against DKK 142.4 mio. last year. The results from ordinary activities after tax are DKK 101.4 mio. against DKK 56.4 mio. last year. Management considers the results satisfactory and in line with expectations. Foreign exchange risks Activities abroad cause earnings, cash flows and equity to be affected by the development in the exchange rate of several currencies, primarily USD. Management evaluates the risk and need for countermeasures on a regular basis. Financial risks The company is only to a limited extent affected by risks in the form of changes in prices, creditworthiness, liquidity and cash flows. When possible, long-term price agreements are made with significant suppliers. Suppliers The company is working closely with its suppliers, to reduce any delays in the production. Targets and expectations for the year ahead As the market for the group's primary product is beginning to reach saturation, the group has developed and introduced new products to contribute to future growth. This transformation is expected to result in a reduction of the group's profit by 20-45% in the current financial period. Research and development All research and development activities are undertaken by the immediate parent company Power Stow International A/S. External environment The company's activities do not entail significant risks in relation to the environment. The company works with customers and partners in order to seek out new measures that can support a green transition. A constant focus on reducing the environmental impact by optimizing production processes and recycling waste products is a natural part of the Company's objectives for product quality and production conditions. Intellectual capital resources The company's business includes the delivery of high-tech and reliable systems for handling luggage in aircraft cargo spaces and airports. In order to continuously deliver these solutions, it is vital that the Company can recruit and maintain employees with a high level of education. Uncertainty relating to recognition and measurement There has been no uncertainty regarding recognition and measurement in the Annual Report. Unusual events The financial position at 30 April 2024 of the Company and the results of the activities and cash flows of the Company for the financial year for 2023/24 have not been affected by any unusual events. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.