Annual Report 2024 (Only in Danish)

2024 was yet another year marked by geopolitical instability and uncertainty in the financial markets, with significant fluctuations especially in the last months of the year. The pricing of European assets was low despite healthy operations among many companies, particularly compared to the American stock market. This negatively affected the market value of Chr. Augustinus Fabrikkers' positions in a year where we otherwise saw positive progress in the development and results of our ownerships.

After a year where many of our companies continued to deliver satisfactory operating results – and we could note a consolidated accounting result of over DKK 1.8 billion before tax – it was, on the contrary, not satisfactory that the market return ended at 2%.

At the end of 2024, most of our ownerships stand in a positive place in their development and organizational strength, including within the scale strategy, which has continued to show promising results.

Our financial investments continue to be focused on Denmark. The stock market development in Denmark was relatively unfavorable in 2024. When we look solely at our financial investments, we are satisfied with the result, despite the low overall market return.

In general, we look back on a year where our ownerships, partners, and colleagues have worked competently, dedicatedly, and professionally, and we would like to extend a special thank you for that.