Ubsend A/S

Development in activities and financial mattersThe financial year of 2022/23 has been highly affected by external circumstances. Especially the energy crisis has led to increased costs and pressured the margins considerably. Even though revenue has increased, the external circumstances have led to a disappointing result for 2022/23, which is lower than communicated expectations in the last year’s annual report.The result for the financial year 2022/23 shows a profit for the year of 13 mDKK, a balance sheet total of 194 mDKK on 31 July 2023 and an equity of 69 mDKK.For the coming year, Management anticipates the financial uncertainty to continue and expect the revenue to remain stable and the profit before tax to be back at the same level as seen in 2021/22. Our expectations are however sensitive to the aforementioned external factors and thus subject to uncertainty.