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GARMIN NORDIC DENMARK A/S

CVR: 11363881

Growing 8% p.a.Medium companyWell-established (38 yrs)Profitable

Secondary names: GARMIN A/S, GARMIN DENMARK A/S, GARMIN DANMARK A/S

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Garmin Nordic Denmark A/S demonstrates a solid financial health with a consistent upward trajectory in both revenue and profit over the past few years. In 2024, the company reported revenue of 1.35 billion DKK and a profit of 33.18 million DKK, marking a notable increase from 1.15 billion DKK in revenue and 24.83 million DKK in profit in 2023. The equity position has also strengthened, rising to 194.55 million DKK in 2024 from 161.37 million DKK in 2023, indicating robust financial stability. While the company operates within the competitive machinery and equipment wholesale industry, its growing margins and solid equity suggest a strong market position and potential for continued growth.

AI-generated summary

Overview

Company type
A/S
Aktieselskab
Address
Pederstrupvej 82, 2750 Ballerup
BALLERUP
2750 Ballerup
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Founded
14.9.1987

Details

Industry
Engroshandel med andre maskiner og andet udstyr
Code: 466400
Secondary industries
Detailhandel med informations- og kommunikationsudstyr (474000)
Anden distribution af medieindhold (603900)
Employees
71 employees
61 FTE
(2018)
Capital
2.000.000 kr.

Contact

Phone
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Email
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Purpose

Selskabets primære formål er handel indenfor telekommunikations- og navigationsudstyr samt anden hermed beslægtet virksomhed

Location

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Financials

Financial trend

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YearRevenueProfit/LossTotal AssetsEquityEmployeesReport
20241.3 mia.33.2 mio.441.8 mio.194.5 mio.75

Industry Benchmarks

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Compared to 1.738 companies in Engroshandel med andre maskiner og andet udstyr

Revenue
Company1.3 mia.
Industry median2.7 mio.
495.6x
Profit margin
Company2.5%
Industry median26.0%
10.5x below
Employees
Company75
Industry median6
12.5x
Equity ratio
Company44.0%
Industry median54.0%
About average

Comparison is based on industry median values

Ownership

Owners
Garmin Nederland B.V.
100%
GARMIN NORDIC DENMARK A/S
CVR: 11363881

Public contracts

1 public tender won

Purchase of Vovoactive 5 Black
Københavns Universitet02/04/20256.741.000 kr.

Sources: TED (the EU tender database) and udbud.dk

Properties

(1)

1 properties

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Management

Directors

Jan-Åke Arenäs(ADM. DIR.)

Board

Jan-Åke Arenäs(BESTYRELSESMEDLEM)
Jonathan Peter Joseph Wagstaff(BESTYRELSESMEDLEM)
Sean Biddlecombe(BESTYRELSESMEDLEM)

Founders

KR 332 ApS

Production units (2)

GARMIN NORDIC DENMARK A/S
P-no: 1000223063
Pederstrupvej 82, 2750, Ballerup
Engroshandel med andre maskiner og andet udstyr
71 employees

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History

0 events (+61)
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