Financial Advisory

Throughout the process, Howden Financial Advisory has, on their own, been responsible for dialogue and negotiation of our terms. Howden Financial Advisory has kept us updated and has acted on behalf of Søstrene Grenes' interests, and the feeling in the stomach throughout the process has been really good. The project and the process have been extremely positive - and it has been very satisfying that I have been able to see the project and the results unfold from the sidelines with minimal effort on my part. - Martin Kofoed Lundgaard, CFO of Søstrene Grene

Søstrene Grene is a recognized family-owned business with origins in Aarhus since 1973, with a webshop and stores located throughout Scandinavia and Europe. In the latest financial year, Søstrene Grene had a turnover of 1.7 billion DKK and a pre-tax profit of 209 million DKK.

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.

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.

Howden Financial Advisory has helped us with reviewing and analyzing our merchant agreements and negotiating on our behalf. This has led to cost savings that we would not have achieved on our own. As a result, we are happy with their advice and the outcomes.

PWT Group owns and operates two menswear chain stores, Tøjeksperten and Wagner, which together consist of 146 clothing stores in Scandinavia and employ over 375 people. The stores sell a variety of brands, including PWT Group's own strong brands such as Lindbergh, Bison, JUNK de LUXE, and Morgan. In 2019, PWT Group had a revenue of DKK 873 million and an EBITDA of DKK 159 million.

Howden has had the necessary expertise and advised us in this area. They did this by providing an overview of the different payment solutions and the associated costs. Transparency has significantly increased - and the process has also resulted in significant savings, which we are very satisfied with. In addition, Howden managed the entire process, which meant that our resource usage was very limited. We are very satisfied with the results and the collaboration with Howden.

Goodiebox is a monthly self-indulgence box with five to seven beauty products selected from the most popular, innovative, and trend-setting brands. Goodiebox has over 220,000 members in more than 10 countries.

We have been very satisfied with the process with Howden Financial Advisory, who analyzed our factoring solution. They identified areas that could be optimized, which were subsequently implemented, resulting in significant savings. Additionally, the time investment from my side matched our initial discussions, which is important to consider in the overall outcome. Howden Financial Advisory receives my highest recommendations as a result of this process.

NoriDane Foods is a trading company that imports and distributes meat. NoriDane Foods operates in 89 countries worldwide with a total of 800 partners. The company has approximately 80 employees and in 2020, NoriDane Foods reported a turnover of DKK 1.3 billion with a pre-tax profit of DKK 20.5 million.

In connection with our consideration of using a new payment provider, Howden Financial Advisory has advised us on solutions and significantly optimized pricing. Additionally, Howden Financial Advisory has also advised us on consumer financing - afterpay, where pricing was also significantly improved with their advice. In connection with the project, we have achieved significant savings, increased transparency, and better solutions, which is why we are very satisfied with Howden Financial Advisory's work.

Zizzi, formerly known as Ball Group, is a company that focuses on fashion for the confident and modern woman in the plus-size segment. In 2020, Zizzi had a turnover of approximately 657 million DKK and has 475 employees. Zizzi has webshops in Denmark, Sweden, Finland, the Netherlands, Norway, Germany, Austria, France, and Belgium. Zizzi has around 90 physical stores in Denmark, Finland, Norway, and the Netherlands.

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 Financial Advisory has acted as an impartial party extremely professionally, created increased transparency, and negotiated prices and terms that I am very satisfied with, as there are significant savings involved. The negotiation result also includes a more lenient security package, which is worth keeping in mind. They receive my highest recommendations. - Lars Zinglersen, CEO.

SEC DataCom Group is a Nordic IT distributor with companies in Denmark, Finland, Norway, and Sweden. In the latest financial year, SEC DataCom Group had a turnover of 1.085 million DKK and a profit before tax of 12 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.

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.

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.

Initially, I was hesitant to use an independent bank broker, as I expected that we had the optimal solutions and market-based pricing. Howden's strong competencies and great understanding of financial products have provided Second Female with a great benefit in the form of significantly better solutions and a more flexible security package, transparency and overview - as well as a significant improvement in pricing. The process itself has been handled professionally and efficiently by Howden. - Steen Holtermann, CEO.

Second Female is a Nordic fashion company that sells clothing for women. In the latest financial year, Second Female had a gross profit of 23 million DKK with a pre-tax profit of 14 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.

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.

We are very satisfied with their work and results. The entire process has been handled efficiently and professionally from Howden Financial Advisory's side. - Claus Østergaard Jensen, CFO.

HT Bendix is a trading company that sells fittings and accessories to the furniture and kitchen industry in Denmark and abroad. In the latest financial year, HT Bendix had a gross profit of 70 million DKK with a pre-tax profit of 26 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.

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.

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.

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.

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.

We have been extremely satisfied with the process, including Howden's impartial work - as well as the outcome of the project. Howden has handled the project efficiently and professionally. - Keld Larsen, CFO.

SILVAN is one of Denmark's largest retailers of do-it-yourself building materials for private individuals. SILVAN has 42 stores located throughout Denmark. SILVAN is currently owned by the German investment fund Aurelius. In the latest financial year, SILVAN had a turnover of 1.6 billion DKK with an EBITDA of 13 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.

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.

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.

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.

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.

We have used Howden for optimizing payment card solutions and have been very satisfied with the process, as well as it has been very rewarding. - Mads Bigum, Chief Accountant.

Dagbladet Børsen is a media outlet that focuses on business, but also covers topics such as socioeconomics and lifestyle. Dagbladet Børsen has 107,081 daily readers and borsen.dk has 549,530 unique users. In the latest annual report, Dagbladet Børsen had a turnover of 288 million DKK and a pre-tax profit of 48.5 million DKK.

Howden Financial Advisory has acted in a structured and professional manner throughout the process, where Howden Financial Advisory has contributed to the creation of a very satisfactory Reverse Factoring program, which meets our expectations. Howden Financial Advisory's expertise in the financial field has been valuable, which is why we believe they are recommendable.

KK Wind Solutions is among the world's leading suppliers of electrical control and monitoring systems for the wind turbine industry with a broad global customer portfolio. The KK group has around 1,400 employees and is owned by A.P. Moller Holding. In the latest financial year, KK Wind Solutions had a turnover of 2.1 billion DKK and a pre-tax profit of 176 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.

CFO Henrik Knudsen states that he has been satisfied with the process handled by Howden Financial Advisory and the outcome thereof.

Abacus Medicine is a leading supplier of original prescription medicine in Europe and is based on parallel import - free movement of goods in the EU's internal market. This allows Abacus Medicine to offer medicine at a lower price in the market. Abacus Medicine has operations in over 12 countries with 750 employees. In the latest financial year, Abacus Medicine had a turnover of 3.1 billion DKK and an EBITDA of 79 million DKK.

Howdens advice has contributed to Kopenhagen Fur gaining increased insight into our overall financial solutions and costs - and we have achieved significant transparency. This has made it easier for us to navigate - and thereby make the right financial decisions. In addition, Howdens insights and skills have enabled us to benchmark our solutions and prices, which has provided a basis for identifying better solutions and adjusting market-conforming pricing in all product areas. - CFO Uffe Winther

Kopenhagen Fur is the world's largest auction market for fur skins, with a global market share of around 60%. In the latest financial year, Kopenhagen Fur had a turnover of 5.8 billion DKK and a profit before tax of 19 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 Financial Advisory's expertise in the market and payment solutions has led to significantly improved solutions and prices, as well as increased transparency and clarity. This transparency has allowed us to have a comprehensive understanding of our costs and opportunities, enabling us to make informed and optimal decisions.

Soundboks produces and sells high-quality wireless speakers. The company focuses on exceptional sound quality and durability, making it an international company that has sold over 100,000 Soundboks speakers in more than 40 countries.

Howdens advice has ensured transparency and insight into our current solutions and pricing. In addition, Howdens expertise and market insight have resulted in us achieving both better solutions and prices, which we are very satisfied with. The entire process has been handled efficiently and professionally. - Jakob Mikkel Hansen, CFO.

Gorm's Pizza is a Danish restaurant and pizza chain that, through a focus on quality and good service, aims to provide guests with a high-class taste experience. Gorm's Pizza currently has seven restaurants and four pizza bars across Denmark.

The result of the collaboration was very satisfying, where I would like to highlight a minimal effort from our side as well as a noticeable cost savings as valuable success factors. Howden contributes with a noticeable value in the time saved during these negotiations as well as in the savings they can achieve with their expertise. I highly recommend using Howden and their skills, should a company have similar challenges. - Jørgen Vind Hansen, CFO Wellvita ApS

Wellvita's main activity consists of producing and selling dietary supplements that contribute to increased quality of life. Wellvita has sales in Denmark, Sweden, Norway, Finland, Germany, the Netherlands, and Belgium. In the financial year 20/21, Wellvita had a gross profit of 23.8 million DKK.

Throughout the process, Howden has demonstrated a professional, structured, and objective approach with niche knowledge in leasing, fleet management, financing, etc. This has resulted in Brøndum achieving significantly better terms and prices in the tender process, with the interaction between those responsible at Brøndum and Howden being complementary and very satisfactory. At the same time, Howden has managed the process from start to finish, meaning that our own time spent on it has been significantly reduced compared to if we had carried out the process alone.

Brøndum is among Denmark's largest and oldest technical contractors and delivers energy-efficient quality solutions and technical services within plumbing, ventilation, sprinkler systems, district heating, cooling, and electrical systems for homes, buildings, and industrial plants in Denmark, Greenland, and the North Atlantic. Brøndum has approximately 500 employees and an annual turnover of more than 600 million Danish kroner.

Howden Financial Procurement has assisted with an optimized holistic solution, where we have achieved significantly better transparency and terms than the initial starting point. We have used few resources during the process, and we are satisfied with what we have achieved, which is why we consider Howden Financial Procurement to be highly recommendable.

SACKit is a Danish design company that creates lifestyle products of high quality. Functionality and design are paramount, and we do not compromise on quality. Sustainability is important to SACKit, which is why there is a constant focus on reducing negative impacts while also offering long durability of the products.

Howden's advice helped us establish an overview of our payment platforms. Furthermore, Howden assisted us in analyzing and evaluating our acquiring agreements, which turned out to be possible to optimize. Finally, Howden negotiated new and competitive terms on our acquiring agreements, resulting in significant savings. In terms of process and results, it has been a very positive experience, which is why we highly recommend similar companies to utilize Howden's expertise. - CFO Anders Thygesen.

BabySam was established in 1973 and today, due to their innovative approach and qualified advice, is Denmark's largest retailer of baby equipment. BabySam had a turnover of approximately 577 million DKK in 2020 and has 242 employees. BabySam has a webshop in Denmark, as well as around 30 physical stores in Denmark.

Howden's expertise and advice have resulted in us being provided with the right local payment types and achieving significantly better prices. In addition, we have gained a thorough knowledge of the payment market. We are pleased that Howden has focused on finding the right solutions for us, not just the cheapest solutions. Throughout the process, Howden has acted professionally and taken responsibility for progress, which is why we are very satisfied with the project.

Liewood designs and produces accessories and interior in a Nordic style for babies and small children. With a focus on a strong design profile, where the Nordic design tradition and the demand for quality are central. In the latest financial statement, Liewood had a turnover of 355 million DKK.

Howden's competencies and insights have contributed to us having peace of mind throughout the entire process of the shutdown and necessary migration to the new payment platform. At the same time, it has allowed us to focus on our daily work, as we have only been involved in the project sporadically. We are extremely satisfied with Howden's efforts, which we can only recommend others in similar situations to take advantage of - Jakob Stenderup-Larsen, CFO Helsam Group A/S

Helsam's main activity consists of distributing and trading goods for the health food industry. Helsam consists of 43 stores in Denmark, as well as an online shop. In the financial year 20/21, Helsam had a turnover of 429 million DKK.

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.

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.

After an introduction to Howden, we chose to use them, which we certainly do not regret, as they have created increased transparency and overview, highlighted areas that were not transparent and clear - and ultimately assisted with an optimization of all agreements. The collaboration between Howden and the CFO has resulted in a significant saving, which we are very satisfied with.

Godik is a nationwide major supplier of equipment rental for events and festivals, as well as for crafts and industry, agriculture, and the retail sector. In the latest financial statement, Godik had a gross profit of 112 million DKK, and an annual result of 30 million DKK.

Howden Financial Advisory's insights into the market and expertise in payment types have contributed to us achieving significantly better solutions and prices. Furthermore, we have gained increased transparency with a complete overview of costs and options. Today, we have transparency in all our solutions and prices, making it easier for us to make decisions in the future regarding payment types on an optimal and informed basis.

Too Good To Go fights food waste, where they have saved over 164 million meals. Too Good To Go has over 1050 employees "waste warriors" and is present in 16 countries with over 170,000 partners and 61 million users who have downloaded the app. "Too Good To Go dreams of a world without food waste."

We have found Howden Financial Advisory to be a reliable and competent independent advisor when reviewing some of our significant payment contracts. Howden Financial Advisory has carefully examined our payment structure and provided suggestions on new payment methods that could potentially be added to improve conversion rates and decrease reliance on a few suppliers. This process has been informative and enlightening, leading to a better understanding of the costs associated with different payment methods. Additionally, the insights and benchmarks provided by Howden Financial Advisory have led to successful negotiations. We plan to continue utilizing their expertise due to the valuable results achieved through this process.

Internetstores is the world's leading digital specialist retailer for bicycles and generates an annual revenue of over 370 million euros. The company employs over 900 people globally, operates 40+ digital online retailers in Europe, and ships around 40,000 parcels per day at its peak. Additionally, Internetstores is present in 15 countries and has 6 multinational company locations.

The collaboration with Howden Financial Advisory has resulted in us gaining insights that we could not have achieved on our own, the right payment setup, and a significant cost reduction on our payment solutions. - Jesper Teddy Christiansen, CFO

Brødrene A&O Johansen is a Danish-owned company, founded in 1914 and listed on the stock exchange in 1963, with headquarters in Albertslund and 47 branches in Denmark. AO is one of the leading wholesalers in the construction industry with over 100 years of experience, 58 stores spread across the country - plus a handful in Sweden - approximately 700 employees, around 60,000 product variants in their central warehouse, and five primary business areas: HVAC, water and sewage, electrical, tools, and the "do-it-yourself" market.

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.

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.

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.

We chose to make use of Howden Financial Advisory's expertise, as we suspected incorrect fees were being charged by a payment provider. With Howden Financial Advisory's assistance, we identified and made visible to our provider that there had been significant overcharging over a long period, which was corrected and subsequently credited. The process has been a positive experience, well managed by Howden Financial Advisory, and resulted in a significant saving. With an absolute minimum of hours spent on our side, we are quite satisfied with the project.

25syv is a Danish gaming company with many years of experience in online sports betting, games, casino, and horse racing. The 25syv family consists of Bet25, Rød25, Derby25, and CasinoGo.