Modulex ApS

The Modulex Group is engaged in the development, production, and sale of signage systems and visual communication solutions, including wayfinding, digital signage, and branded environments. The Group delivers both standardized and customized solutions to businesses and public institutions globally and maintains a strong market position in Europe and North America.

Development in activities and financial and economic position

In 2025, the Group generated consolidated revenue of DKK 239 million and a consolidated profit after tax of DKK 12,3 million. Equity amounted to DKK 31,6 million as of 31 December 2025 and decreased during the year as a result of dividend distributions and the acquisition of minority interests, partly offset by the profit for the year.…

Future expectations

For 2026, management expects a consolidated profit after tax in the range of DKK 17–20 million. The expected improvement is based on higher activity levels compared to 2025, supported by an improved order pipeline.

Management considers the Group to be financially and operationally well positioned to achieve its objectives, subject to general market conditions.

Profit/loss for the year compared to the expected development

In the 2024 Annual Report, management expected a consolidated profit after tax in the range of DKK 15–18 million for 2025. The realized result of approximately DKK 12,3 million is therefore below expectations and is considered slightly disappointing. The deviation is primarily attributable to lower-than-anticipated activity in selected Global Accounts departments.

Significant events after the end of the financial year

No events have occurred after the end of the financial year that are considered to be of material importance to the Group’s financial position.

16 | Charges and securities

The following assets have been placed as security with bankers…

16 | Charges and securities

The following assets have been placed as security with bankers…