Business Description

VKR Holding AS (VKR Holding), is an investment holding company. The company sells a variety of building products. The company’s products include roof windows, exterior doors, and vertical windows. It markets its products under various brands such as VELFAC and Rationel. Tracy Foster. Index. SP Foster. Arcon-Sunmark. Mockfjards. Nature. West Port. DOVISTA. O.H. Industri and Lian. The company divides its operations into three types: Roof Windows and Skylights, Vertical Windows, and Solar Thermal Energy.

The company markets and manufactures building materials through its brands Altaterra and Velux. The company sells windows, skylights sun tunnels blinds, and shutters as well as home automation systems, solar energy systems, and roof lights. It also offers accessories and maintenance services.

Key Financials

Revenue (US$ Mn)

• VKR Holding AS’s annual revenue for 2021 was US$ 4,119 Mn, a 52.81% increase from 2020
• From 2019’s annual revenues, VKR Holding AS registered a 2.89% increase in 2020, amounting to US$ 2,696 Mn
• Total revenue of US$ 2,620 Mn was generated in 2019 by VKR Holding AS

Operating Income (US$ Mn)

• The operating income generated by VKR Holding AS in 2021 was US$ 758 Mn
• At a 29.68% increase from, VKR Holding AS’s operating income of US$ 757 Mn was indexed in 2020
• VKR Holding AS generated an operating income of US$ 584 Mn in 2019

Net Income (US$ Mn)

• The net income generated by VKR Holding AS in 2021 was US$ 789 Mn
• At a 19.36% increase from, VKR Holding AS’s net income of US$ 584 Mn was indexed in 2020
• VKR Holding AS generated a net income of US$ 489 Mn in 2019

Operating Margin %

• VKR Holding AS’s operating margin for 2021 was 18%, a -34.64% decrease from 2020
• From 2019’s operating margins, VKR Holding AS registered a 26.13% increase in 2020, amounting to 28%
• An operating margin of 22% was generated in 2019 by VKR Holding AS

SWOT Analysis

Strengths

Liquidity Position

The company’s high liquidity and adequate cash reserves make it an attractive choice when funding potential mergers and acquisitions. At the end of FY2018, VKR Holding had a current ratio of 3.6. This was significantly higher than the average current ratio in the Building Products sector of 2.2. This indicates that the company is more liquid than its competitors. The company’s total current assets were DKK13,025 million, while current liabilities were DKK3,568 billion at the end of FY2018.

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