Our

key financials

Earnings

(m DKK)

Balance sheet

(m DKK)

Equity

(m DKK)

2025 2024 2023 2022 2021
Profit & loss
Net revenue excl. rent income 5.574 5.640 5.029 3.410 2.464
Operating profit 489 506 460 670 926
Earnings before tax 1.063 551 456 415 1.983
Earnings 981 430 379 305 1.905
Total assets 15.321 14.490 14.024 13.483 13.439
Total equity 8.900 7.874 8.191 8.248 7.755
Investment in property, plant and equipment 560 181 146 131 144
Cash flow from operating activities 107 535 687 326 233
Financials
Equity ratio % 58,1 54,3 58,4 61,2 57,7
Return on equity % 11,7 5,4 4,6 3,8 27,8
Investments
Real estate 262 192 96 558 1.099
Listed investments 199 54 192 (321) 627
Direct investments 585 324 173 192 118
Indirect investments 75 39 29 23 170
Unallocated costs (58) (58) (34) (37) (31)
Earnings before tax 1.063 551 456 415 1.983