Company type
Limited Corporation
Established
1978
Size
Large
Employees
357
Revenue
777 MDKK
Gross profit
285 MDKK
Operating Profit (EBIT)
86 MDKK
Profit for the Year
67 MDKK
Equity
321 MDKK
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Rank Profit for the Year

Rank in industry
4/629
"Top 10%"
Rank in Denmark
1,800/303,195
"Top 10%"

Top management Top 3

Board Top 3

Robert Jean Nicolas Didier Lousberg 2Chairman of board
Peter Balling 1Vice chairman
Kim Standly 1Boardmember

Legal owners Top 3

100%Big Dutchman AG

Rights certificate

Selskabet tegnes af alle bestyrelsesmedlemmer i forening eller af formanden eller næstformanden i forening med enten et bestyrelsesmedlem eller en direktør eller af to direktører i forening

Company information based on CVR

NameSkov A/S. Glyngøre
Alternate namesBrdr. Skov'S Ventilation og Elektronik A/S, Dol-Sensors A/S, Secco Europe A/S Show more
CVR87457117
AddressHedelund 4, Glyngøre, 7870 Roslev
IndustryManufacture of non-domestic cooling and ventilation equipment [282500]
Webhttp://
Established21-12-1978 (42 yr)
Company typeLimited Corporation
Number of employees357 (Fin.Stmt)
Advertising protectionNo
AuditorPricewaterhousecoopers Statsautoriseret Revisionspartnerselskab since 01-07-2011
Financial statement period01-10 to 30-09
Bank connectionDanske Bank
Company capital50,000,000 DKK
33,000,000 DKK (08-02-2010 - 11-12-2016)
14,000,000 DKK (28-09-2000 - 07-02-2010)
10,000,000 DKK (15-12-1997 - 27-09-2000)
5,000,000 DKK (12-01-1995 - 14-12-1997)
5,000,000 DKK (30-08-1987 - 11-01-1995)
Articles of assoc. last19-02-2020

Member of industries

Purpose

Selskabets formål er handel og industri og investering samt andre hermed forbundne aktiviteter

Financial Statement

 201920182017
Currency/unit000' DKK000' DKK000' DKK
Revenue
776,693
-7%
835,882
+22%
682,921
+19%
Gross Profit
285,238
-8%
310,119
+23%
252,555
+12%
Profit for the Year
66,709
-15%
78,578
+18%
66,592
+27%
Equity
320,961
+17%
273,476
+16%
235,469
+13%
Total Assets
468,680
+16%
404,102
+12%
359,998
+20%

Mangement review

Key activities
SKOV A/S' strategy is to develop, produce, install and service components and systems for climate and production control in livestock production, and to sell the solution globally.
Development in the year
The result for the year show a profit after tax of TDKK 66.709 which is considered satisfactory.

SKOV has in 2018/19 continued building up a global sales organization through recruiting of additional sales managers, new dealers and new installation / service partners. Training and academy programmes to increase the knowledge and competences in the global sales organization is a natural part of the development.
Like 2017/18 where a subsidiary was incorporated in China, SKOV has in 2018/19 incorporated subsidiaries in USA and Russia. The subsidiaries are set-up as a part of SKOV's growth strategy.
SKOV is committed to develop new products and solutions. Like previous years, SKOV has also in 2018/19 incurred considerable expenses on product and systems development. It will contribute to ensuring that the Company maintains a leading position in the market.
Special risks - operating risks and financial risks
Foreign exchange risks
Activities in foreign countries have an impact on the results, cash flows and equity due to exchange and interest rate movements in several currencies.
Interest rate risks
The Company does not have any considerable exposure concerning interest levels.
Credit risks
The Company does not have any considerable exposure concerning an individual customer or business partner. The credit policy of the Company is to address risks related to customers and business partners by applying value and credit insurance when possible. Attempts are made to cover credit risks related to large individual orders.
Strategy and objectives
Strategy
The market for climate and production control systems for livestock production is challenged in some parts of the world, but in the long term the global market is expected to grow with the increasing consumption of broiler meat, egg and pork. SKOV’s strategy is prepared for this growth and for increasing its market share.
Targets and expectations for the year ahead
The Company expects the market situation to be challenging in the coming year.

In 2019/20 the Company will continue to increase its presence in the different growing markets and will also next year introduce new products to be able to strengthen the earnings capacity and competitiveness.

The capital preparedness of the Company is considered sufficient for covering the financing of the activities of the coming year.
Basis of earnings
Research and development
Research activities are also made in cooperation with Research Centres at the Universities.

The activities of development do primarily include development of products for the global market.

Considerable resources have been spent on research and development, as the market still makes increased demands for innovations and new launchings.
External environment
Knowledge resources
The leading position of the Company within climate and production control systems for agriculture places heavy demands particularly on knowledge resources concerning agricultural production methods.
Beyond this, special demands are made to knowledge resources in development, sales, services and production of systems.

In order to deliver these solutions continuously it is decisive that the Company is able to recruit and maintain highly educated employees. Our goal is for the Company to have the latest knowledge.
Statement of corporate social responsibility
Statement on gender composition
Subsequent events
SKOV A/S acquired as of October 1st 2019 80% of the shares in the Canadian company Secco International Inc. Secco is a specialist in dairy ventilation systems. The company had in the last fiscal year a revenue of approx. mdkk 64 and has 45 employees. Secco is maintained as an independent company with its own brand and sales channels. Secco has a strong product portfolio, and the ambition is to accelerate the growth of Secco and utilize the product and market synergies between the two companies.

No other events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.
16-12-2019

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