The accounts for Falsters Kyst ApS show a deficit of just under 3.9 million kroner for the financial year 2023/24. This is the second consecutive year with significant losses.
The company operates, among other things, Pomle Nakke Traktørsted, Hesnæs Havn Spisebord & Bageri, and event venues at Kongsnæs. The reason for the continued deficit is partly due to the severe storm surge that hit Eastern Denmark in October 2023, causing total damage to Hesnæs Havn, where a large part of the activities take place.
According to the management report, the company estimates that it lost approximately 2 million kroner in revenue during the summer season of 2024 due to the closed harbour and fewer visits from leisure sailors and harbour tourists.
Decrease in gross profit
The gross profit decreased by 1.7 million kroner - from 6.6 to 4.9 million. However, personnel costs were significantly reduced - from just under 9.8 to 7.5 million.
The management also points to a lack of qualified labour as an ongoing challenge. This meant, among other things, that evening openings could not be held at Hesnæs Havn and only partially at Pomle Nakke.
The result for the year before tax ended at -3.9 million kroner. The equity is now negative by 9.6 million, and the total debt has grown to 12.5 million kroner.
Falster's Coast
Result 2023/24: -3,910,310 DKK
Equity: -9,583,869 DKK
Debt: 12,465,565 DKK
Employees: On average 20 full-time employees
Ownership: Kim Rahbek Hansen, Terese E. Erngaard and Thorkil Rewers via their holding companies (source: CVR)
At the end of September 2024, the company decided to close activities at Hesnæs Harbour, but a couple of months later the situation changed. In December, Falsters Kyst, Guldborgsund Municipality, and the Classenske Fideicommis signed a letter of intent to rebuild and develop the harbour.
According to the annual report, the municipality has committed to taking over and carrying out the renovation of the harbour. The Classenske Fideicommis has also committed to renovating and insulating the historic net sheds and improving the building stock. Additionally, there are plans to construct eight summer houses and convert the old merchant's house into holiday apartments.
Need for more money
The management describes 2025 as a “year of renovation and projects” and expects the work on rebuilding Hesnæs Harbour to begin this year. Although the group of owners continues to support and has provided capital, the recovery of Hesnæs Harbour and the associated projects depend on investments and timelines from external actors. This creates some uncertainty about future operations.
