DAC realized earnings from operations before depreciations and amortization (EBITDA), of DDK 3.0M. Earnings before tax were DKK 0.5M. The Company’s equity amounts to DKK 19.9M as of December 31st, 2020.
The company’s revenue continued to grow and again in 2020 reached a new record level with DKK 22.1M in 2020. Both revenue and earnings have, to some extent, been affected by the COVID-19 pandemic, as previously reported in the 2019 Annual Report and the 2020 Interim Report. However, in the light of the COVID-19 impact, the Management finds it very satisfactory, that the company has not lost a single order during this period. The annual results, however, have been affected by delays due to the pandemic, which specifically have caused part of the revenue, approx. DKK 2.0M including earnings of DKK 1.0M to be pushed into 2021.
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