Norican A/S financials
Norican A/S
Country: DK Reporting currency: EUR Latest annual report: 2025-12-31
LEI:
529900N9H1PO6IKV0152 Financial statements
(EUR, as reported — unscaled; 97 line items across 2 annual periods)
| Line item | 2025 | 2024 |
|---|---|---|
| Income statement | ||
| Revenue | €449.6M | €492.9M |
| Cost of sales | €295.8M | €314.7M |
| Gross profit | €153.8M | €178.3M |
| Operating profit (EBIT) | €34.2M | €53.5M |
| Finance costs | €40.2M | €37.2M |
| Profit before tax | €2.6M | €23.4M |
| Income tax expense | €17.8M | €14.6M |
| Profit for the year | -€24.9M | -€18.8M |
| — attributable to owners | -€26.3M | -€20.1M |
| — attributable to NCI | €1.4M | €1.4M |
| Total comprehensive income | -€42.7M | -€11.0M |
| Cash flow statement | ||
| Cash generated from operations | €18.9M | €66.2M |
| Net cash from operating activities | €7.1M | €44.8M |
| Income taxes paid | €11.7M | €21.5M |
| Net cash from investing activities | -€27.1M | -€6.0M |
| Purchase of PP&E (capex) | €10.0M | €5.9M |
| Purchase of intangibles | €1.3M | €865.0K |
| Net cash from financing activities | -€2.6M | -€33.5M |
| Proceeds from borrowings | €38.5M | €0 |
| Repayments of borrowings | €5.0M | €10.0M |
| Net change in cash | -€22.6M | €5.3M |
| Balance sheet | ||
| Total assets | €595.2M | €646.6M |
| Non-current assets | €341.3M | €349.7M |
| Property, plant & equipment | €47.1M | €46.1M |
| Intangible assets & goodwill | €200.1M | €200.4M |
| Current assets | €253.9M | €296.9M |
| Inventories | €83.2M | €90.1M |
| Trade & other receivables | €95.9M | €85.9M |
| Cash & equivalents | €48.4M | €63.8M |
| Total equity | €71.8M | €115.8M |
| — attributable to owners | €63.8M | €108.5M |
| Non-controlling interests | €8.0M | €7.4M |
| Non-current liabilities | €329.3M | €282.5M |
| Long-term borrowings | €295.3M | €246.0M |
| Lease liabilities (non-current) | €12.7M | €13.1M |
| Current liabilities | €194.1M | €248.2M |
| Short-term borrowings | €0 | €10.0M |
| Lease liabilities (current) | €3.1M | €4.0M |
| Trade & other payables | €102.4M | €119.6M |
| Deferred tax liabilities | €14.3M | €15.0M |
| Derived metrics | ||
| Free cash flow | -€2.9M | €38.8M |
| Operating margin | 7.6% | 10.9% |
| Net margin | -5.5% | -3.8% |
| Return on equity | -34.7% | -16.2% |
| Cash conversion ratio | -0.29× | -2.39× |
| Capex coverage | 0.71× | 7.58× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | €9.2M | €2.3M |
| Adjustments For Decrease Increase In Other Current Assets | €2.7M | -€6.5M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -€10.0M | €2.3M |
| Adjustments For Increase Decrease In Contract Liabilities | -€4.0M | -€2.5M |
| Adjustments For Increase Decrease In Other Current Liabilities | -€688.0K | €500.0K |
| Adjustments For Increase Decrease In Trade and Other Payables | -€17.0M | €2.0M |
| Adjustments For Provisions | -€2.6M | -€2.2M |
| Cash and Cash Equivalents Classified As Part of Disposal Group Held For Sale | €0 | €19.7M |
| Cash and Cash Equivalents If Different From Statement of Financial Position | €48.4M | €83.5M |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €1.6M | €0 |
| Comprehensive Income Attributable To Noncontrolling Interests | €1.4M | €1.4M |
| Comprehensive Income Attributable To Owners of Parent | -€44.1M | -€12.4M |
| Current Contract Liabilities | €63.1M | €70.3M |
| Current Provisions | €11.9M | €12.1M |
| Current Tax Assets Current | €2.5M | €7.0M |
| Current Tax Liabilities Current | €13.4M | €13.5M |
| Deferred Tax Assets | €4.8M | €8.1M |
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | €753.0K | €799.0K |
| Dividends Recognised As Distributions To Noncontrolling Interests | €753.0K | €799.0K |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -€12.6M | €6.3M |
| Equity and Liabilities | €595.2M | €646.6M |
| Finance Income | €8.6M | €7.1M |
| Gains Losses On Cash Flow Hedges Net of Tax | €13.0K | -€125.0K |
| Gains Losses On Exchange Differences On Translation Net of Tax | -€16.8M | €7.8M |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | €388.0K | €103.0K |
| Increase Decrease Through Exercise of Warrants Equity | — | €1.0M |
| Increase Decrease Through Transactions With Owners | -€1.4M | -€264.0K |
| Intangible Assets Other Than Goodwill | €87.1M | €93.0M |
| Issued Capital | €1.6M | €1.6M |
| Liabilities | €523.4M | €530.7M |
| Liabilities Included In Disposal Groups Classified As Held For Sale | €0 | €17.7M |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | €0 | €26.2M |
| Noncurrent Recognised Assets Defined Benefit Plan | €0 | €44.0K |
| Noncurrent Recognised Liabilities Defined Benefit Plan | €6.3M | €7.2M |
| Other Adjustments For Noncash Items | €21.6M | €40.2M |
| Other Comprehensive Income | -€17.8M | €7.7M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | -€475.0K | €102.0K |
| Other Current Assets | €24.0M | €23.9M |
| Other Current Liabilities | €282.0K | €955.0K |
| Other Inflows Outflows of Cash Classified As Investing Activities | -€18.0M | €0 |
| Other Noncurrent Assets | €2.1M | €2.1M |
| Other Noncurrent Liabilities | €809.0K | €1.1M |
| Other Reserves | -€5.5M | €12.0M |
| Payments For Debt Issue Costs | €2.7M | €0 |
| Proceeds From Disposals of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €656.0K | €749.0K |
| Profit Loss From Continuing Operations | -€15.3M | €8.8M |
| Profit Loss From Discontinued Operations | -€9.7M | -€27.6M |
| Purchase of Treasury Shares | €642.0K | €499.0K |
| Retained Earnings | -€85.5M | -€58.4M |
| Selling General and Administrative Expense | €119.6M | €124.8M |
| Share Premium | €153.3M | €153.3M |
Methodology
Every line item above is a fact tagged in Norican A/S's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.