WELCON A/S

The company’s purpose is development activities, trading activities and production activities in connection with e.g. towers for wind turbines, directly or indirectly through group entities as well as all activities related thereto at the discretion of the Board of Directors.

Financial review

The company's income statement for the year ended 31 May 2025 shows a profit of DKK 88,205 thousand, and the balance sheet at 31 May 2025 shows equity of DKK 186,858 thousand.…

Management expects the financial statement for 2025/26 to show a turnover at the level of DKK 1.5 billion and a profit before tax at the level of DKK 110 million.

Statement of policy for data ethics

The company is part of the CJ Holding ApS' cash pool arrangement. All participant in the cash pool arrangement are jointly and severally liable. As of 31 May 2025 the net balance in the cash pool arrangement amounts to DKK (183,709) thousand.

Other obligationsThe company has entered into operating leases with term to maturity from 2025-2050. The total commitment relating to these leases amounts to DKK 663,287 thousand as of 31 May 2025. Hereof DKK 615,146 thousand relates to group companies. DKK 73,751 thousand is due within one year, hereof DKK 60,349 thousand to group companies.…

As a security for bank debt, the company has provided company charges of DKK 35,000 thousand. The company charge includes claims, inventories, operating equipment and intangible rights. The booked value of these assets amounts to DKK 336,365 thousand as of 31 May 2025. Furthermore the company charge has been provided as security for the bank debt for the group companies Conwel A/S and Brande Investerings- og Finansieringsselskab A/S.