Viridus Manufacturing A/S

Ledelsesberetning

Key activities The company’s purpose is the development, production and sale of batteries and related business. Development in the year The income statement of the Company for 2023/24 shows a loss of DKK 2,545,208, and at 30 June 2024 the balance sheet of the Company shows a positive equity of DKK 5,297,609. The aim in Viridus A/S is to develop Viridus Manufacturing A/S from being an assembly factory to becoming a strong one stop supplier of battery solutions for micro mobility in Europe, and during 23/24 we have come closer to this, as we have grown our customer base and invested in developments with these new customers, together with the development of new products. The supply of material has though been unstable this year, which have had consequences for our efficiency, but on the other hand, we have been working on establishing new components suppliers in Denmark and Europe, and this work will continue the coming year. All this work takes up resources and cost money, together with our focus on new products, QC-systems, ERP-system, building up further production lines, and optimizing on existing ones. The benefit of these investments and optimizations will though start to show already during next year. With the work that has been done this year and will continue the coming year, we are strategically on track and this years’ result is considered satisfactory. Unusual events The financial position at 30 June 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.