Corporate Banking

Howden has helped us in connection with changing our main bank. We have been happy to be able to use their broad market knowledge to ensure a solution that is market-compliant and meets our needs to get money out to the world's hotspots at short notice. Howden was also quick to understand our specific needs and come up with suggestions on how to solve them. I have no doubt that the solution we have now is better than it would have been if we had not asked Howden to assist us. - Mette Barfod, CFO.

DANSK FLYGTNINGEHJÆLP is a leading, international refugee organization that supports refugees with humanitarian aid and protection throughout their journey: during exile, settlement, and integration in a new country. In the latest annual report, DANSK FLYGTNINGEHJÆLP had raised funds/ income-generating activities of approximately 3.2 billion DKK.

Howden challenged us on the prices in our banking agreement and claimed that they were not market conform in relation to how attractive they assessed we were to the banks. Therefore, we started a process which ended with a tender of our banking business. The result was that we achieved a decent percentage savings without changing banks. Howden Financial Advisory has been easily accessible and professionally competent throughout the process. We have felt all along that it was a good and proper process. I am convinced that we would not have achieved the same result without Howden Financial Advisory's knowledge and involvement. - Sten Clemen Andersen, CFO.

Eva Solo is a recognized Danish design company, established in 1913. In the latest financial year, Eva Solo had a gross profit of 62 million DKK with a pre-tax profit of 20 million DKK.

Howden Financial Advisory has acted as a trusted independent financial advisor, where they have created great value in the analysis phase as well as in negotiations with suppliers, thanks to their expertise and insight within the various financial areas. It has also been refreshing to be able to ask other technical questions and get quick answers, without it being part of the process and task. It has been a pleasant and value-creating process, where I am very satisfied with the result, and therefore recommend other companies to use Howden Financial Advisory. - Simon Jarl Jacobsen, CFO.

Aarstiderne is a Danish company that sells meal boxes. Aarstiderne aims to recreate the close connection between farming and the joy of organic meals, full of good ingredients, flavors, and presence. Aarstiderne recently had a turnover of over 660 million DKK and employed nearly 300 people.

We have experienced that Howden has provided the necessary expertise and has shown an ability to drive an efficient process together with us and our financial providers, which has led to good results. Characteristic of Howden's contribution to the process we have been through has also been a persistent and stringent process, solid arguments for our claims, as well as a respectful and factual dialogue with our financial providers. We are very satisfied with the process and the results thereof - Kenneth Sørensen, CFO.

DIN Forsyning is a multi-utility company in Varde and Esbjerg municipality that contributes to efficient and sustainable management of societal resources - within drinking water, wastewater, heating, and recycling. In the latest financial year, DIN Forsyning had a net turnover of approximately 850 million DKK.

I am very satisfied with Howden's impartial work. They have significantly increased our insight into our costs in the bank - and optimized them significantly through a renegotiation, which also included benchmarking. I can at any time recommend other CFOs and companies to use Howden, who have acted professionally and properly with factual arguments throughout the process. I look forward to using their expertise in the future. - Morten Lynge Bjørk, CFO.

ICM Safety is Denmark's largest independent supplier of work environment and safety equipment. ICM Safety sells, among other things, workwear (hearing protection, footwear, safety glasses, vests, etc.) as well as fall protection and environmental storage. In the latest financial year, ICM Safety had a gross profit of 82.6 million DKK and a pre-tax profit of 4.2 million DKK.

In connection with considerations regarding the choice of a new bank, Howden has advised on the advantages and disadvantages of switching banks. Howden has also provided a specific assessment and recommendation on the terms, solutions, and prices offered, which have been used in the bank negotiations. Howden's advice has enabled us to achieve transparency and obtain an overall view, making it easy for us to make the right decision regarding the choice of a new bank. - Torben Yde, CEO.

GaveFabrikken has been delivering gift concepts to Danish companies since 2008. With the delivery of more than 600,000 Christmas gifts annually, GaveFabrikken is Denmark's largest gift supplier. In the latest financial year, GaveFabrikken had a turnover of 178 million DKK and a pre-tax profit of 17 million DKK.

Howden Financial Advisory has, with their strong insights and competencies in the financial sector, provided impartial holistic advice, which has resulted in significantly increased transparency and understanding of pricing, solutions, and relevant actors. They have managed to negotiate satisfactory individual agreements on our behalf, allowing us to achieve better global solutions - as well as significantly improved pricing. The improvements in solutions and prices are significantly better than I initially expected. - Kenneth Davids, Financial Manager and co-owner.

Rains is a modern international lifestyle brand based on a reinterpretation of the classic rubber raincoat. In the latest financial year, Rains had a gross profit of 46 million DKK and a pre-tax profit of 27 million DKK.

We have experienced Howden Financial Advisory as a reassuring sparring partner, who has analyzed our financial agreements with both banks and payment solutions, thereby increasing our insight and transparency into the opportunities in the market. It is important for the association to ensure that all suppliers continuously offer optimal conditions for the association, which is why we have greatly benefited from the skills and market insight that Howden Financial Advisory has. I can therefore highly recommend their impartial work to others.

DANMARKS LÆRERFORENING is one of the oldest trade unions in Denmark and was founded on May 4, 1874. The Danish Teachers' Association is a professional organization with over 90,000 members, primarily consisting of teachers and school leaders. The association aims to represent the members' economic, pedagogical, and service-related interests.

Why not choose Howden? They have acted extremely professionally throughout the process and have focused on uncovering our needs through the most optimal set-up. This has resulted in significant savings on our financial solutions, furthermore with minimal use of internal resources. We intend to continue using Howden Financial Advisory as a financial sparring partner, ensuring the right set-up and competitive prices. Based on this, I would recommend Howden at any time! - Mark Wodstrup Betzer, CFO & COO.

Stoff & Stil has 28 stores in Denmark, Norway, Sweden, and Germany selling textiles and hobby supplies. In the latest financial year, Stoff & Stil had a turnover of 350 million DKK and a profit before tax of 11 million DKK.

Howden has reviewed our financial solutions and through their advice, we have achieved better terms. The collaboration with Howden Financial Advisory has given us a better understanding of our financial solutions and at the same time provided significant savings on the same setup. The process with Howden has been satisfactory, and we have always felt confident that Howden treated our partners properly and professionally. - Jonas Haven, Financial Manager.

MESSAGE is an international fashion company that designs and distributes fashion in the EU, Norway, and North America, as well as operates the retail chain MESSAGE with stores in Denmark and Norway. In the latest financial year, MESSAGE had a gross profit of 80 million DKK and a pre-tax profit of 10 million DKK.

Nissens has used Howden Financial Advisory for advice on optimizing financial solutions, agreements, and prices.

Nissens is a global company within the production and sale of cooling equipment for the automotive industry and the wind industry. In the latest financial year, Nissens had a turnover of 2 billion DKK with an EBITDA of 235 million DKK.

Howden has exceeded my expectations - both in terms of savings, but also in creating a trustworthy collaboration. My time spent in the process has been minimal, which is why Howden has handled the process independently and effectively; requested data, set up and analyzed - and finally negotiated better solutions and terms. It has been a satisfactory and rewarding process, which is why Howden receives my highest recommendations. - Christian Julskov Thulesen, CFO.

Transmedica is a Nordic healthcare group with a wide range of services for the healthcare sectors in Scandinavia. In the latest financial year, Transmedica had a turnover of 188 million DKK with a profit before tax of 12 million DKK.

We have used Howden to assess our financial solutions, where they have provided us with valuable insights into the possibilities. Specifically, we have also used them particularly on the guarantee side, where we have optimized our agreements - as well as distributed our exposure to multiple actors. We believe their work is valuable, which is why I would recommend them to others with the same global exposure as we have. - Claus Haugaard Madsen, CFO.

Global Wind Service is one of the leading global providers of services to the wind turbine industry. With offices across 11 countries, GWS provides turbine technicians, expertise, and servicing for wind turbine projects worldwide. GWS currently has over 850 employees to handle this. In the latest financial year, GWS had a turnover of 1.15 billion DKK with a pre-tax profit of 29 million DKK.

Howden has advised Uni-tel as an independent bank broker in connection with the negotiations for a bank tender. Howden has advised on the selection of banking products, including creating increased transparency around solutions and prices. This has meant that Uni-Tel has achieved the best possible solutions and prices in the market. Howden's analysis and assessment have made it easy for us to make the right decision regarding the bank tender. I am very satisfied with Howden's work. - Morten Isaksen, CFO.

Uni-tel provides IP business telephony tailored to the company's needs. In the latest financial year, Uni-tel had a gross profit of 28 million DKK and a pre-tax profit of 10.5 million DKK.

The loan agreement was on terms that were significantly better than we had initially expected, while all other conditions and distribution of mortgage loans were also analyzed, assessed, negotiated, and handled in a professional manner. Furthermore, other financial agreements were analyzed in depth, which ensured us a significant saving that we would not be without, without compromising the relationship with the bank, which of course was important. Howden showed clear competencies in the field, which is why we are very satisfied - and of course will use their competencies in the future.

Danish Metalworkers' Union is a trade union and professional unemployment fund with approximately 100,000 members. Danish Metal was founded in 1888, making it one of the oldest trade unions in Denmark.

Howden has with their professional approach ensured that we have gained a completely different overview and created transparency, while we have also chosen to change several parts of our cash management set-up after their recommendation. Howden has negotiated significantly better solutions and prices for us with our existing bank relationship - and we continue to have a constructive and positive dialogue with the bank. I have used very limited resources - and also wish to continue to use Howden in the future. - Ann Kristina Bret, CEO.

V.O.S is one of the leading travel organizers/incoming bureaus in the Nordic region, handling trips in Scandinavia, Iceland, and the Baltics. In the latest financial year, V.O.S had a gross profit of 67 million DKK with a pre-tax profit of 19 million DKK.

Our meeting with Howden has definitely been a positive experience. We must admit that we were a little skeptical beforehand about the possibility of achieving significant savings. But Howden, with their great insight into the banking world, has helped us negotiate new and significantly better terms. At the same time, it has been a very educational process for us, and we can definitely recommend Howden as a partner. - Bo Søndergaard, CFO.

Notio Living is an international furniture company that designs and produces home furniture. In the latest financial year, Notio Living had a gross profit of 32 million DKK and a pre-tax profit of 10 million DKK.

It is essential for us to be competitive in all parameters, which is why it is important that we have satisfactory conditions and solutions with all partners. Howden has assisted 3Shape with a review of our financial set-up, where we have experienced qualified and valuable independent advice. Howden has shown a professional and objective approach with niche knowledge in all our banking products - and has positively challenged 3Shape in areas we had not immediately assessed a need for. Together, we therefore defined the scope.

3Shape develops and produces next-generation technology that benefits both dentists and patients, serving customers in over 100 countries using market-leading innovative technology with great success. In the latest financial year, 3Shape had a net revenue of approximately 1.7 billion DKK at the group level.

We wanted to get an independent assessment of our currency flow, as well as an assessment of other terms in our daily banking transactions, which Howden has handled satisfactorily for us. They have optimized and renegotiated prices, which we are satisfied with - and we have only experienced them as a professional and competent sparring partner in the process.

SteelSeries is a leading provider of gaming equipment with a focus on quality, innovation, and functionality. The SteelSeries product portfolio includes headphones, mice, mouse pads, and keyboards, which are sold globally. In the latest financial year, SteelSeries had a turnover of 1.3 billion DKK with a pre-tax profit of 112 million DKK. SteelSeries is owned by the private equity firm Axcel.

We have used Howden as an independent advisor to review our banking agreements. Their advice has been holistic, as they have looked at both our Danish and international banking agreements. We have been very satisfied with the project, where we have constantly felt in safe hands, been informed and consulted along the way - and we are also satisfied with the final result, in the form of increased transparency and concrete savings, which is why the project has been rewarding. - Jeannett Hvidkjær, CFO.

LTP Group produces textiles/goods for clothing brands as well as for furniture manufacturers. The company employs more than 2,000 employees in its 10 factories and produces over three million items per year. In the latest financial year, LTP Group had a turnover of 614 million DKK and a pre-tax profit of 57 million DKK.

Howden's advice has contributed to Phase One achieving better financial conditions. We have also gained a better overview of our financial agreements and prices, including significantly increased transparency. The process has been handled satisfactorily from Howden Financial Advisory's side." - Martin Høy, CFO.

Phase One is a world-leading supplier of image processing software and digital medium format cameras for professional photographers. In the latest financial year, Phase One had a turnover of 468 million DKK and a profit before tax of 53 million DKK.

We at NOWACO are always attentive to optimizing on all fronts, which is why it was natural to also have our financially oriented costs analyzed in depth, and to renegotiate our agreements with financial partners. In this context, Howden has handled this professionally, acting respectfully towards our partners. We are fully satisfied with the final result, and therefore we can recommend other companies to use Howden for a similar process.

NOWACO is a family-owned company with 25 locations globally with specialist knowledge. They are experts in frozen meat, fish, seafood, and vegetables - and have an annual turnover of over 3 billion DKK.

In Knauf, we have utilized Howdens expertise in evaluating and benchmarking bank agreements, where their data and benchmarks have been valuable in gaining increased insight into our overall costs including hidden ones - as well as benchmarks at all levels. This has provided us with valuable insight, allowing us to navigate even better in relation to our future actions towards partner banks. Therefore, we assess that they are worth recommending to similar companies who similarly desire this insight and the opportunity for optimization.

Knauf is a Danish manufacturer and supplier of plasterboards, acoustic ceilings, and building systems for lightweight constructions. Knauf is part of the family-owned Knauf Group. Knauf has more than 350 employees and had a turnover of 1 billion DKK in 2021.

We use two different banks, and had difficulty figuring out whether we had the best possible solutions and prices in the market. In this context, Howden has advised us and contributed to us gaining transparency - as well as achieving significant savings, which is why we are very satisfied with the process and Howden's advice. - Mette Gordon Vallentin, Finance Director.

Kentaur designs and produces workwear in the form of chef wear, waiter wear, and clinic wear of high quality for the European market. In the latest financial year, Kentaur had a gross profit of 66 million DKK and a pre-tax profit of 20 million DKK.

Howden Financial Advisory's advice has contributed to GUBI achieving better financial solutions and prices. Their advice has also resulted in us achieving the necessary transparency. The process has been handled professionally and efficiently on their part, which is why we are very satisfied with their work.

GUBI is a Danish design and interior company specializing in furniture, lighting, and interior products. GUBI's products are sold in retail stores as well as to professional customers worldwide. Approximately 75% of the revenue comes from countries outside of Denmark. In the latest financial year, GUBI had a gross profit of 167 million DKK with a pre-tax profit of 133 million DKK.

Bank products in larger companies today are complex and time-consuming to understand, and it can be difficult to have a full overview. We continuously use Howden for analyzing/evaluating our banks, which gives us the transparency, clarity, and benchmark of our banking operations, ensuring a more nuanced dialogue with our banks.

Abena develops and produces, among other things, nursing care, disposable items, personal protective equipment, and cleaning products, while customers mainly consist of hospitals, nursing homes, and private businesses, etc. Abena's products are marketed today in over 80 countries worldwide, and the group has approximately 1,800 employees, with a turnover of over 6 billion DKK in the financial year 2020/21.

CFO Henrik Rennison Hansen states the following: Howden Financial Advisory has advised us on an evaluation and optimization of our factoring purchasing program. We had an expectation that we had competitive prices, as we had previously conducted a tender ourselves, but Howden Financial Advisory's market insight, advice, and benchmarks allowed us to achieve even better solutions and prices than we thought possible. As a result, we have been very satisfied with their work as an independent party.

Maki is the largest toy and game distributor in the Nordic region. Maki distributes over 60 major international brands to more than 5000 retailers, webshops, and dealers in Denmark, Sweden, Norway, and Finland. In the latest financial statement, Maki had a turnover of over 500 million DKK and an operating profit of 63 million DKK.