Delayed projects prove costly: Mertz ends the year in the red

Project delays have hit the accounts at Mertz Skov & Have, which ends the financial year with a loss and negative equity.

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Mertz Skov & Have had expected a pre-tax profit of around DKK 500,000 for the 2025/26 financial year. Instead, the company reports a pre-tax loss of DKK 713,000.

That leaves the result more than DKK 1.2 million below the company’s own forecast.

Mertz Skov & Have sells and services machinery for gardens, parks and smaller forestry operations for both business and private customers. The company is part of the Mertz Group, with J. Mertz Holding A/S as its main shareholder.

According to management, the development during the year was partly due to delays to several major projects, which were not completed until spring 2026. This resulted in lower revenue than expected and at the same time tied up more capital in inventory.

The net loss, however, narrowed from DKK 793,000 to DKK 448,000. Operating profit moved in the opposite direction, falling from a loss of DKK 670,000 to a loss of DKK 835,000.

Equity is also negative at DKK 3.55 million. The parent company has issued a letter of financial support valid for 12 months from the balance sheet date.

Mertz Skov & Have employed an average of 13 people during the financial year, unchanged from the previous year.

Management does, however, point to a better start to the new financial year. As of 30 June 2026, the result had improved by almost DKK 1 million compared with the same point a year earlier.

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