INV Finans A/S in Nykøbing has concluded the financial year 2023/24 with a historically high profit of 205.1 million DKK, a significant increase compared to last year's result of 29.1 million DKK. The substantial progress is primarily due to the sale of KJV A/S to Ahlsell Danmark ApS.
INV Finans A/S has so far operated as a holding company and has owned KJV A/S, a leading supplier of machine tools and automation solutions. The buyer, Ahlsell, is a Swedish group that is the Nordic region's largest wholesaler of tools, installation, and supply for the construction and industrial sectors. The group has a strong presence in Denmark through Ahlsell Danmark ApS and is continuously expanding its market share through acquisitions - including the purchase of KJV A/S.
Profit ensures large dividends
The financial statement shows that INV Finans has paid an extraordinary dividend of 245 million DKK during the year. This means that the company's equity has decreased from 120.5 million DKK the previous year to 107.5 million DKK at the end of September 2024.
The financial statements show a sharp increase in financial income, which amounted to 208.4 million DKK compared to just 666,000 DKK the previous year. The large jump is due to the gain from the sale of KJV A/S.
The ownership behind INV Finans
INV Finans A/S is primarily owned by companies associated with Henrik and Kristian Løftgaard:
INV Finans A/S itself owns 10-14.99% of the shares
Piepgräss Holding ApS owns 5-9.99%
Søren Knudsen Løftgaard owns 5-9.99%
Among the company's other financial assets is an equity interest in Technicon Holding ApS, where INV Finans owns 45 percent. The company's liquid assets have increased significantly to 102.3 million DKK.
The board describes the year's result as satisfactory. According to the management report, no significant events have occurred after the end of the financial year that could affect the company's financial position.
The financial statements were approved at the company's annual general meeting on February 12, 2025.
