Homerunner Aps

Ledelsesberetning

Financial highlights for the Group DKK’000 2023/24 2022/23 2021/22 2020/21 2019/20 Gross profit 31,319 25,329 20,980 21,446 12,458 Operating profit 6,553 3,374 4,432 7,280 3,986 Profit/loss from financial income and expenses 20 335 114 -352 -94 Profit for the year 5,127 2,913 3,546 5,467 4,046 Total assets 76,621 58,052 70,680 49,743 3,367 Investments in property, plant and equipment 3,300 283 310 1,199 168 Equity 19,130 14,754 13,901 11,437 6,881 Cash flows from operating activities 6,650 12,112 1,236 -2,972 - Cash flows from investing activities -4,645 -1,755 -997 -2,574 - Cash flows from financing activities -1,000 -500 -1,000 -1,000 - Total cash flows 1,005 9,857 -761 -6,546 - Gross margin 8.6% 7.2% 5.4% 7.0% 6.7% Operating margin 1.8% 1.0% 1.1% 2.4% 2.1% Return on investments 8.6% 5.8% 6.3% 14.5% 118.4% Return on equity 30.3% 20.3% 26.1% 47.7% 58.8% Solvency ratio 25.0% 25.4% 6.3% 14.5% 204.4% Pursuant to section 101(3) of the Danish Financial Statements Act, the Company has omitted to restate comparative figures for (2019/20) the previous financial years in connection with the change of accounting policies. Figures for these years are attributable to the Parent Company. The financial ratios have been calculated as follows: Gross profit x 100Gross margin RevenueOperating profit x 100Operating margin RevenueOperating profit x 100Return on investments Total assetsProfit from ordinary activities after tax x 100Return on equity Average equityEquity ex. non-controlling interests at year end x 100Solvency ratio Total equity and liabilities at year endResults for analytical purposes Profit/loss from ordinary activities after tax less non-controlling interests' share thereofDevelopment in activities and financial position In 2023/24, Homerunner continued its strong development, achieving an consolidated operating profit of DKK 6.6 million as against DKK 3.4 million in 2022/23. Results are highly satisfactory, exceeding expectations at the beginning of the financial year. The improved results were driven by increased business activity and enhanced operational efficiency. Despite persistent challenges in retail due to societal inflation, Homerunner has achieved over 30% revenue growth, fuelled largely by onboarding new customers. Furthermore, the Company has made significant progress in digitalisation and process automation throughout the organisation. More than 70% of Homerunner's customer operations are now handled in automated flows with no human intervention, leading to significant efficiency gains while at the same time enhancing focus on the end-to-end customer experience. Circular economy will become increasingly important in the future of e-commerce. Homerunner continuously invests in developing innovative AI-based solutions that empower customers to adopt circular business models. New solutions within re-commerce, virtual storage and buy-back models will significantly contribute to Homerunner's growth in the coming years. In June 2024, Homerunner relocated its headquarters to a former theatre in central Aalborg, tripling its office space to 1,600 square meters. The vision is to create a vibrant hub for entrepreneurs, emerging talents and businesses from various industries to exchange ideas and foster innovation. Equity in the Group and Parent Company's balance sheet at 30 June 2024 stood at DKK 19.1 million, and the Group has no interest-bearing debt and held positive cash deposits of DKK 20.6 million at 30 June 2024 Management is therefore of the opinion that the Company has a strong financial position. Outlook For 2024/25, Homerunner anticipates a slight decline in activity with existing customers, which will be balanced by a continued influx of new clients. Additionally, the launch of new products is projected to positively impact overall activity levels. The Company expects to report a pre-tax profit on the level achieved in 2023/24. Risk Homerunner is not exposed to any specific risk factors beyond standard business risks associated with the markets in which it operates. Consequently, no specialised risk management systems have been implemented. Intellectual capital, research and development activities Homerunner’s business objective is to develop and provide integrated freight management, logistics and shipping solutions. The Company continuously develops its digital platform, processes and services. Derived costs are mainly expensed. Environmental matters Homerunner continuously strives to reduce the environmental impact from its operations. As a Company providing automated freight and logistics services for e-commerce, it is crucial for Homerunner to support its customers in minimising their climate footprint and adopting more circular business practices. In 2023, Homerunner initiated a strategic process aimed at rethinking its business model from a circular approach, maximising the use of resources and optimising processes. Homerunner believes that all change starts with people. It is the employees who will drive the transition to a circular economy. To embrace this transition, Homerunner has invested significantly in process automation, thereby eliminating repetitive tasks and freeing up human creativity and potential. Starting from the 2024/25 financial year, Homerunner will publish an annual Environmental, Social, and Governance (ESG) report. Events after the balance sheet date No events have occurred after the balance sheet date which could significantly affect the Company's financial position.

Beskrivelse af virksomhedens væsentligste aktiviteter

The Group's principal activities Homerunner ApS. ("Homerunner" or "The Company") is a tech specialist that provides digital courier, freight, and logistics services for B2C, C2C and C2B markets. Homerunner's mission is to make parcel shipping greener, more affordable, and more efficient by offering integrated freight management, logistics and shipping solutions that support customers' businesses. At the heart of the business is the Homerunner platform, which manages logistics between e-commerce, carriers, and consumers, optimising every step from checkout to package delivery. The platform provides all essential data for customers' day-to-day operations and business development.