BAR DJUS (BARDJU) H2 2024 earnings summary

Executive summary

• Focused on growth, professionalization, and future capacity, including a new sales organization and strategic investments in 2024.

• Achieved maximum production capacity by year-end, prompting a move to larger, modern facilities in Slagelse in 2025.

• Secured new distribution agreements in Sweden and Holland, supporting international expansion.

• Founder-driven strategy emphasizes innovation, quality, and scaling both nationally and internationally.

Financial highlights

• Profit before tax for 2024 was DKK 576k, up from DKK 489k in 2023.

• Net profit for 2024 was DKK 404k, compared to DKK 427k in 2023.

• Equity as of December 31, 2024, was DKK 1,498k, up from DKK 1,216k the previous year.

• Bruttoresultat (gross profit) increased to DKK 5,044k from DKK 4,676k year-over-year.

• Personnel costs rose to DKK 4,008k from DKK 3,860k year-over-year.

Outlook and guidance

• Plans for 2025–2027 target annual sales and revenue growth of 25–30%.

• Investment of DKK 2–4 million in new production equipment planned for 2025, contingent on regulatory approval.

• International expansion includes a new factory in Spain, to be activated upon meeting 2026 targets.

• Anticipates a future IPO to fund equipment and international growth.