Financial Highlights

KIRKBI Group

(m DKK)

Income statement:

Operating profit from strategic activities Operating profit from investment activities Total operating profit Profit for the year

Balance sheet:

Total assets KIRKBI Group’s share of equity Non-controlling interests Liabilities

2018 2017 2016 2015 2014

12,630 12,342 14,254 14,041 11,020 (940) 4,000 2,960 3,307 3,373 11,352 16,002 16,885 16,997 14,101 8,681 12,679 13,285 13,396 10,818

103,132 95,456 85,667 75,463 59,851 82,514 76,305 66,407 56,295 45,218 5,553 5,285 5,105 4,460 3,206 15,065 13,866 14,155 14,708 11,427

Cash flow statement:

Cash flows from operating activities 11,191 10,253 12,516 12,076 10,163 Investment in property, plant and equipment (2,394) (2,233) (7,572) (4,473) (6,803) Investment in intangible assets (57) (143) (92) (126) (59)

Employees:

Average number (full-time)

Financial ratios (in %):

Equity ratio Return on equity 15,523 16,909 17,136 14,241 12,781

85.4 % 85.5 % 83.5 % 80.5 % 80.9 % 8.4 % 15.0 % 17.8 % 21.9 % 22.1 %

Financial ratios

Financial ratios have been calculated in accordance with the “Guidelines and Financial Ratios”, issued by the Danish Society of Financial Analysts.

Return on equity (ROE):

Equity ratio: Profit for the year (excl. non-controlling interests) x 100

Average equity (excl. non-controlling interests)

Equity (incl. non-controlling interests) x 100

Total liabilities and equity