Hotel Søpark in Maribo has experienced favourable conditions in both operations and property value. This year's result amounts to 4.7 million kroner. At the same time, the building's value has been significantly increased - and the owners have decided to distribute 26 million kroner as dividends.
The profit has grown by one and a half million compared to the previous year. The gross profit has been raised to nearly 14 million kroner, and the operations before interest and depreciation are solidly over five million.
The company behind it - Hotel Søpark, Maribo A/S - is part of the Milling group. Director Jan Milling also sits on the board, where he is surrounded by family members.
Hotel Søpark
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Annual result: 4.7 million DKK (2023: 3.2 million DKK)
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Gross profit: 13.9 million DKK (2023: 12.0 million DKK)
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Equity: 47.7 million DKK (2023: 31.0 million DKK)
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Dividend: 26.0 million DKK (2023: 0 DKK)
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Property value: 55.0 million DKK (2023: 37.8 million DKK)
Buildings increased by 15 million
The largest movement in the accounts concerns bricks. The value of the hotel's property has been raised by over 15 million kroner and is now listed at 55 million. The revaluation is reflected in the equity, which is now close to 48 million - compared to 31 the year before.
In other words, it is a balance sheet strengthening that has created room for the high dividend. The payout is significantly larger than the year's profit and is therefore also financed by previously accumulated funds and the revaluation.
Low liquidity, but large receivables
The liquidity is low. At the turn of the year, there was only 9,000 kroner in the account. On the other hand, the hotel has receivables of almost 16 million kroner from group-related companies. Additionally, the company has mortgage debt of 14.5 million - mainly long-term.
The hotel is part of a joint taxation with Milling Holding and is jointly liable for both corporate tax and any future tax claims within the group.
