CPH:STG Income Statement

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,036	9,202	8,731	8,762	8,233
Revenue Growth (YoY)	-1.81%	5.40%	-0.36%	6.43%	2.83%
Cost of Revenue	5,035	4,924	4,527	4,455	4,120
Gross Profit	4,001	4,279	4,204	4,307	4,113
Selling, General & Admin	2,276	2,258	2,121	2,044	1,919
Amortization of Goodwill & Intangibles	197	183.5	174	168.5	161.2
Operating Expenses	2,725	2,678	2,496	2,397	2,283
Operating Income	1,276	1,601	1,708	1,911	1,830
Interest Expense	-224.7	-200.9	-152.1	-98.1	-77.2
Interest & Investment Income	3.3	3.1	4.2	1.7	0.6
Earnings From Equity Investments	23.2	25.4	29.4	40.4	31.5
Currency Exchange Gain (Loss)	-29.1	12.7	12.3	-3.5	20.3
Other Non Operating Income (Expenses)	26.1	55.5	-18.5	-169.6	-0.7
EBT Excluding Unusual Items	1,075	1,497	1,584	1,682	1,805
Merger & Restructuring Charges	-34.5	-40.4	-	103.6	-37.7
Gain (Loss) on Sale of Assets	2.8	1.7	-0.4	139.5	18.3
Asset Writedown	-	-	-	-	2.4
Other Unusual Items	-165.2	-238.6	-92.4	-68.3	-19.4
Pretax Income	877.8	1,219	1,491	1,857	1,769
Income Tax Expense	208.4	279.6	308.4	380.2	377.9
Net Income	669.4	939.7	1,182	1,476	1,391
Net Income to Common	669.4	939.7	1,182	1,476	1,391
Net Income Growth	-28.76%	-20.53%	-19.91%	6.16%	105.13%
Shares Outstanding (Basic)	79	82	87	91	95
Shares Outstanding (Diluted)	79	82	87	91	96
Shares Change (YoY)	-4.06%	-5.20%	-4.60%	-5.06%	-3.98%
EPS (Basic)	8.50	11.45	13.65	16.30	14.59
EPS (Diluted)	8.50	11.40	13.60	16.20	14.50
EPS Growth	-25.44%	-16.18%	-16.05%	11.72%	113.23%
Free Cash Flow	596.4	963.1	1,148	1,128	1,355
Free Cash Flow Per Share	7.57	11.72	13.25	12.42	14.16
Dividend Per Share	4.500	8.500	8.400	8.250	7.500
Dividend Growth	-47.06%	1.19%	1.82%	10.00%	15.38%
Gross Margin	44.28%	46.49%	48.15%	49.16%	49.96%
Operating Margin	14.12%	17.40%	19.57%	21.81%	22.23%
Profit Margin	7.41%	10.21%	13.54%	16.85%	16.89%
Free Cash Flow Margin	6.60%	10.47%	13.15%	12.88%	16.46%
EBITDA	1,610	1,921	1,992	2,171	2,108
EBITDA Margin	17.82%	20.87%	22.81%	24.77%	25.61%
D&A For EBITDA	334.5	320	283.3	260	277.8
EBIT	1,276	1,601	1,708	1,911	1,830
EBIT Margin	14.12%	17.40%	19.57%	21.81%	22.23%
Effective Tax Rate	23.74%	22.93%	20.69%	20.48%	21.37%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.