Nasdaq CopenhagenIFRS · DKK

MICRO MATIC A/S

Micro Matic A/S is a Denmark-based industrial company that designs and supplies dispensing and keg-system solutions for the beverage industry. Its business includes equipment and components used to store, connect, control, and dispense draft beverages across breweries, bars, restaurants, and other beverage-serving venues.

Liikevaihto2 300milj. DKK
+14,3 %v/v
Liikevoitto (EBIT)210milj. DKK
−23,4 %v/v
EBIT-marginaali9,1%
−4,5 %-yks.v/v
Nettotulos121milj. DKK
−35,1 %v/v
Vapaa kassavirta145milj. DKK
+3,8 %v/v

Tilikausi 2023 · muutos edellisvuodesta

Kehitys 2021–2023

05001 0001 5002 0002 500milj. DKK2021: 1 529 milj. DKK2021: EBIT 201 milj. DKK20212022: 2 012 milj. DKK2022: EBIT 275 milj. DKK20222023: 2 300 milj. DKK2023: EBIT 210 milj. DKK20232 300210
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Dispensing systems40 %

Complete systems and assemblies used to store and dispense draft beverages.

Keg connection hardware25 %

Couplers, taps, valves, and connectors that link kegs to dispensing equipment.

Flow-control components15 %

Gas, pressure, and flow-management parts used in beverage delivery systems.

Accessories and spare parts10 %

Replacement parts and supporting accessories for installed dispensing systems.

System solutions and services10 %

Customized beverage system solutions and related support for customers.

Asiakkaat

Micro Matic sells primarily into the beverage value chain, serving breweries, beverage brands, and distributors that need reliable draft-dispensing infrastructure. It also sells to bars, restaurants, hotels, and other hospitality venues that use its equipment to serve draft drinks efficiently and consistently. Demand is driven by installed-base replacement, new venue openings, and beverage industry infrastructure needs.

Breweries and beverage producers

Buy dispensing and keg-interface equipment for branded draft systems and distribution.

Hospitality venues

Buy taps, connectors, and flow-control parts for on-premise beverage service.

Beverage distributors

Buy system components for storage, connection, and delivery of draft products.

Installation and service partners

Buy replacement parts and system components for maintenance and retrofit work.

Strategia

The annual report points to a strategy built around maintaining and expanding the installed base of beverage-dispensing solutions, supported by product development and group acquisitions. The goodwill testing disclosures indicate a portfolio of operating units, suggesting a focus on integrating specialized businesses and preserving brand and channel reach across beverage markets. Long-term competitiveness depends on technical reliability, system breadth, and access to recurring replacement demand.

Protect the installed baseLyhyt aikaväli

Replacement parts and upgrades create recurring demand in a hardware-heavy model.

Broaden the product and system offeringKeskipitkä aikaväli

A wider dispensing platform strengthens customer stickiness and cross-selling.

Integrate acquired businessesKeskipitkä aikaväli

Acquired units add geographic reach and specialized product capabilities.

Maantiede

Micro Matic is headquartered in Denmark and appears to operate as a multi-country industrial group with subsidiaries and acquired businesses referenced in the annual report, including Disptek and Oprema in Croatia. The filing excerpts do not provide an explicit revenue-by-country table, so the geographic revenue mix cannot be stated precisely from the available text. Its end-market exposure is international because beverage equipment is sold into brewery and hospitality channels across multiple regions.

Riskit

Micro Matic is exposed to demand swings in beverage equipment purchases, since customers can delay venue upgrades, brewery capex, or replacement cycles. The report also highlights goodwill across multiple acquired units, making impairment risk important if expected cash flows or market assumptions weaken. As an industrial product supplier, it also faces typical risks around supply chains, product quality, and competitive pricing.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Goodwill impairment1Demand cyclicality in beverage capex2Execution risk in acquired businesses3Product and operational quality risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Goodwill impairmentVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The report states material goodwill across Micro Matic Group, Disptek, and Oprema, tested against future cash flows and discount rates.

    Kohdistuu: Acquired operating units and intangible-heavy balance sheet

  2. Demand cyclicality in beverage capexVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Breweries, distributors, and hospitality venues can delay equipment purchases and upgrades when demand weakens.

    KohdistuuNew installationsReplacementsRetrofit projects
  3. Execution risk in acquired businessesVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Cash flow expectations and valuation assumptions depend on integrating and managing multiple group entities.

    Kohdistuu: Disptek and Oprema units

  4. Product and operational quality riskVaikutus: KeskitasoTodennäköisyys: Matala

    Dispensing hardware must perform reliably to avoid service issues and customer dissatisfaction.

    KohdistuuKegsTapsCouplersFlow-control systems

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

The report discloses significant goodwill tied to multiple business units and sensitivity to growth and discount-rate assumptions.

Vaikutus: Can materially change reported assets and operating profit through impairment charges

Development cost capitalization

The report shows ongoing development costs, some expensed and some recognized as assets.

Vaikutus: Affects intangible assets, operating expense, and future amortization

Revenue recognition at a point in time

The report references product sales recognized at a point of time, making delivery timing important.

Vaikutus: Can create quarter-to-quarter volatility in reported revenue

Inventory valuation

Finished goods and traded goods are carried on the balance sheet and depend on obsolescence and costing assumptions.

Vaikutus: Affects gross profit and write-down risk

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.10.2026