Riskpilot← Back to searchSign inGet full accessGARMIN NORDIC DENMARK A/S
A/SActiveCVR 11363881Pederstrupvej 82Wholesale of other machinery and equipment · NACE 4664Est. 198769 employees
Revenue 2024
DKK 1,3B
+17% vs 2023
EBITDA margin
3.1%
+31% vs 2023
Equity ratio
44.0%
Financial strength
Net profit 2024
DKK 33,2M
+34% vs 2023
| Revenue | DKK 1,3B | +17% |
| EBITDA | DKK 41,9M | +31% |
| Net profit | DKK 33,2M | +34% |
| Total assets | DKK 441,8M | -2% |
| Equity | DKK 194,5M | +21% |
| Employees | 69 | — |
Legal name
GARMIN NORDIC DENMARK A/S
CVR number
11363881
Legal form
Aktieselskab
NACE code
4664 · Wholesale of other machinery and equipment
Founded
14. september 1987
Share capital
DKK 2.000.000
Employees
69 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2024-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsens formand og en direktør i forening eller af to bestyrelsesmedlemmer i forening.
Company purpose
Selskabets primære formål er handel indenfor telekommunikations- og navigationsudstyr samt anden hermed beslægtet virksomhed
Address
Pederstrupvej 82
Phone
+4548105000
Email
boghold@garmin.dk
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 1.149.437 | 1.242.961 | 1.113.260 | 1.150.532 | 1.345.253 |
| Staff expenses | -39.386 | -46.215 | -45.733 | -45.616 | -49.382 |
| EBITDA | 32.925 | 34.535 | 30.051 | 31.997 | 41.903 |
| Depreciation & amort. | -1.088 | -1.271 | -1.407 | -1.273 | -977 |
| EBIT | 31.836 | 33.263 | 28.644 | 30.724 | 40.926 |
| Net financials | -522 | -190 | -98 | 1.288 | 1.873 |
| Profit before tax | 31.315 | 33.074 | 28.546 | 32.012 | 42.799 |
| Tax | 7.098 | 7.489 | 6.360 | 7.186 | 9.622 |
| Net profit | 24.217 | 25.585 | 22.186 | 24.826 | 33.177 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 421.435 | 486.807 | 373.537 | 452.102 | 441.752 |
| Equity | 126.773 | 137.358 | 144.544 | 161.370 | 194.547 |
| Long-term debt | 3.533 | 0 | -88 | -177 | -211 |
| Short-term debt | 291.129 | 349.449 | 228.993 | 290.732 | 247.205 |
| Total debt | 294.662 | 349.449 | 228.905 | 290.555 | 246.994 |
EBITDA margin
3.1%
This company
15.8%
Market median
-80% vs market
20202024
Equity ratio
44.0%
This company
38.2%
Market median
+15% vs market
20202024
Return on equity
17.1%
This company
18.4%
Market median
+7% vs market
20202024
Net profit margin
2.5%
This company
8.1%
Market median
-69% vs market
20202024
Asset turnover
3.05×
This company
1.12×
Market median
+172% vs market
20202024
Debt / equity
1.27×
This company
0.62×
Market median
-105% vs market
20202024
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
JA Chief Executive Officer | Chief Executive Officer | 2013 |
| Former (5) | ||
OG Audit | Audit | 1987 – 2007 |
MD Management | Management | 1987 – 1991 |
PF Management | Management | 1987 – 1988 |
KA Management | Management | 2010 – 2013 |
JB Management | Management | 1987 – 2010 |
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
| Board of Directors | 2012 | |
| Board of Directors | 2025 | |
| Former (12) | ||
| Board of Directors | 2008 – 2014 | |
| Board of Directors | 1987 – 1994 | |
| Chairman | 2008 – 2012 | |
| Chairman | 2012 – 2017 | |
| Board of Directors | 1999 – 2008 | |
| Board of Directors | 2014 – 2017 | |
| Board of Directors | 1999 – 2000 | |
| Deputy Chairman | 1987 – 1992 | |
| Board of Directors | 2017 – 2025 | |
| Board of Directors | 1987 – 1999 | |
| Chairman | 1987 – 1999 | |
| Chairman | 1999 – 2008 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Individual | 100% | 100% | 2017 | |
| Individual | 100% | 100% | 2012 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of GARMIN NORDIC DENMARK A/S also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Otto Guldberg | Audit | 0 companies |
| Michael Daxer | Management | 0 companies |
| Peter Friis | Management | 0 companies |
| Jan-Åke Arenäs | Chief Executive Officer | 0 companies |
| Kenneth Aabenhus | Management | 0 companies |
| Jens Buhl Jørgensen | Management | 0 companies |
| Kevin S. Rauckman | Board of Directors | 0 companies |
| Ian Godfrey | Board of Directors | 0 companies |
| Min-Hwan Kao | Chairman | 0 companies |
| Clifton Albert Pemble | Chairman | 0 companies |
| Thomas Petersen Eldor | Board of Directors | 0 companies |
| Doug Boessen | Board of Directors | 0 companies |
| Thomas Søbirk Poulsen | Board of Directors | 0 companies |
| Sean Biddlecombe | Board of Directors | 0 companies |
| Derek Fawcett | Deputy Chairman | 0 companies |
| Andrew Russell Etkind | Board of Directors | 0 companies |
| Jonathan Peter Joseph Wagstaff | Board of Directors | 0 companies |
| Ib Hagbarth | Board of Directors | 0 companies |
| Bernhard Schick | Chairman | 0 companies |
| Lars Bo Ive | Chairman | 0 companies |