The performance for the 2012 financial year can be characterized by very tough market conditions in some business areas, and highly positive growth and business development in others.

The development of new business areas was very successful in 2012, both in terms of sourcing and selling. This enabled us to optimize our orders and thus create value, not only for NOWACO but also for customers and suppliers.

The year’s operations and profit development
The total revenue of DKK 1,997 million is the highest ever achieved in the trading division, a 13% growth compared to the level in 2011. The gross margin went down to 4.9%, compared to 5.7% in 2011. Total earnings before tax amounted to DKK 38.2 million against DKK 44.8 million in 2011.

When taking the 2012 market conditions into consideration, the company’s Management considers the performance for the year satisfactory.

Balance sheet
The growth in activity had an intrinsic effect on the balance sheet total, amounting to DKK 448.0 million at 31 December 2012. The most significant asset item is receivables from customers, amounting to DKK 389.8 million. The company’s equity

totalled DKK 139.7 million, which is DKK 12.0 million higher than the total equity at end-2011. The solvency ratio came to 31.2% at 31 December 2012.

Outlook for 2013
Competition intensified and market conditions became more challenging during 2012, but Management still sees great potential ahead, particularly in light of our concept of building close partnerships with customers and suppliers and NOWACO’s extremely strong financial platform. Against this background, we expect to generate a profit for 2013 that exceeds the level in 2012.



Downloads of our Annual Reports:

Summary of Annual Report 2012 (UK)
Summary of Annual Report 2011 (UK)
Summary of Annual Report 2010 (UK)
Summary of Annual Report 2009 (UK)
Annual Report 2009 (DK)
Summary of Annual Report 2008 (UK)
Annual Report 2008 (DK)
Summary of Annual Report 2007 (UK)
Annual Report 2007 (DK)
Summary of Annual Report 2006 (UK)
Annual Report 2006 (DK)

We make you feel goods!

The ability alone to buy and sell food and foodstuffs at the best prices doesn't make you a winner in the area of food trading. What you really need to know is where on Earth to find the right customer for exactly the goods that you want to sell. Or maybe it is the other way around? You have the buyers but you need the goods.

Contacts

NOWACO is represented with offices and our own employees everywhere on the globe where it matters. Over the years we have built a strong and worldspanning network of associates, partners and representatives, thus gaining an ever updated knowledge of the business fields that we cultivate.

Click on one of our offices on the map above or find our contacts here.

Job at NOWACO

As we continuously expand our activities, we are always looking for talented new colleagues and welcome unsolicited applications. 
Please send your application and CV to your local NOWACO office or to the NOWACO HR Department in Denmark.

Click here and go to jobs at NOWACO.