Sunds Textiles A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Description of key activities of the company
The company's activity consists of purchase, sale and product development of textile goods as well as the sale of textile goods. Furthermore, the company is the parent company for 4 foreign production companies located in Ukraine, Mexico and Poland.

Beskrivelse af usikkerhed ved indregning eller måling

Uncertainties connected with recognition or measurement
The continuing war in Ukraine and uncertainties associated with it, means that there is a certain amount of uncertainty with the recognition of the group's assets in Ukraine. The events are considered not to have effect on the recognition of the assets per 31.12.2024. The valuation of the group's assets in Ukraine subsequently depends on the development of the war and the impact on security, supply, etc.
Assets relating to activities in Ukraine are per 31.12.2024 are valued at 153 million DKK, and is recognized as subsidiary and a further 35,5 million DKK recognized as receivables and 11,2 million DKK as payables from subsidiaries.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financial matters
The revenue for the year totals DKK 506,5m against DKK 611,0m last year. Income or loss from ordinary activities after tax totals DKK 38,3m against DKK 37,8m last year. Management considers the net profit for the year for acceptable, but less than expected.
The expectation for the current year was a turnover of between DKK 600-650 million. The profit expectation was a profit between DKK 50-65 million. The liquidity draw was expected to be comparable with 2023. The result ended up at 38,3 million DKK. The result decreased due to general uncertainty in markets, resulting in increased costs. The liquidity draw has been improved compared to the expectations in the annual report for 2023.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Events occurring after the end of the financial year
After the end of the financial year, no events have occurred which could change the Group's financial position significantly.

Beskrivelse af virksomhedens forventede udvikling

Expected developments
The company expects a lower level of activity compared to 2024. Revenue is expected to be in the range of DKK 550-600 million. The profit expectation is a profit of DKK 60 - 80 million. The company's liquidity draw is expected to be 0-50 mio. DKK. The expected development is affected by general uncertainties regarding currency exchange rates and tariffs.