Global Equestrian Group has published its annual report for the financial year 2024/2025.
The result is a significant improvement compared to the previous financial year, driven both by the divestment of the US activities, which was communicated at the time of the last financial reporting, and by a significantly improved performance in the continuing operations.
In the continuing operations, where the primary activities remain the breeding and sale of elite dressage and show jumping horses, the Group has experienced a substantial improvement compared to the previous financial year. This has contributed to operating profit EBITDA increasing significantly from mDKK -5.5 in 2023/2024 to mDKK 96.9 in 2024/2025. The positive development is driven by increased profitability in large parts of the Group due to optimization, as well as significant improvement in the result within the Group’s show jumping business area, where higher sales and income generated from prize money have contributed significantly to this year’s result.
The divestment of the US activities, together with the improved performance in the continuing operations, has resulted in a profit after tax of mDKK 369.5 for the Group as a whole. In the previous financial year, the Group reported a loss after tax of mDKK -260. The divestment was completed in November 2024. As a result, the Group’s total short-term debt has been reduced by mDKK 1,621. In the completed financial year, all interest and extraordinary foreign exchange losses are recognized in the result of the continuing operations, as the loans were previously taken out therein. The continuing operations will therefore not be burdened by high financial expenses in the coming financial year.
After several challenging years, the Group’s operations are thus again moving towards a satisfactory level. A stronger focus on the core business has strengthened both structure and performance. This work will continue in the coming years.
The Group’s primary business areas, Helgstrand Dressage and Beerbaum Stables, remain among the international leaders within dressage and show jumping respectively, where training and trading of horses combined with breeding, sport and events form the foundation of Global Equestrian Group.
The Group wishes to express its great gratitude to its more than 250 employees, whose committed and dedicated efforts have been crucial for this year’s development. Global Equestrian Group looks forward to continuing the work of strengthening and developing its primary business areas.
GEG Management
