ESG rapport HJHansen Wine Group 2024 -Engelsk version 04.03.25 - Flipbook - Side 8
CEO Statement
CFO ON FINANCIAL RESULTS
We have achieved a remarkable turnaround, thanks to our
competent and adaptable employees.
We close the financial year with a profit of DKK 8.1 million, marking a
positive difference of DKK 16.5 million compared to the deficit of DKK 8.4
million in 2022/2023.
The market has posed challenges across all segments due to inflation,
interest rate fluctuations, and changing consumer behaviour. These
factors have impacted both revenue and gross margin. Although
conditions appear more stable towards the end of the financial year, we
continue to face a highly competitive and pressurised market.
Over the past year, we have thoroughly reviewed our processes. We
have cut expenses and reduced our commercial and administrative
costs by DKK 7 million. Wine Group’s liquidity remains solid, resulting in a
solvency ratio of 18.7%.
I firmly believe we can achieve our financial goals by leveraging
optimisation opportunities and reducing inventory levels to avoid tying
up unnecessary capital. With our new product strategy, we have already
laid the groundwork for this.
We are proud of this year’s results and our employees’ dedication.
Now, we look ahead to hopefully achieving even greater progress.
CFO
Steffen Simpson Jonasen
8
ESG report 2023/2024
Wine Group
