Avis Budget Denmark A/S: Financial statements 2020
CVR: 19673146
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
Avis Budget Denmark A/S (CVR 19673146) has filed annual accounts for 2020. In 2020, the company reported revenue of DKK 164,587,000 and a net result of DKK -66,373,000 compared with DKK -71,633,000 the year before. That is a decrease of 37.7% compared with the year before. The profit margin was -40.3%. Equity in the 2020 report amounted to DKK 22,043,000. The solvency ratio was 26.8%. The company had 86 employees in the financial year.
- Revenue
- DKK 164,587,000
- Gross Profit
- DKK -43,054,000
- Profit/Loss
- DKK -66,373,000
- Equity
- DKK 22,043,000
- Total Assets
- DKK 82,100,000
- Employees
- 86
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 164.6M | -43.1M | -66.4M | 22M | 86 |
| 2019 | 264.1M | -24.6M | -71.6M | 17.8M | 120 |
| 2018 | 292M | - | -54.5M | -24M | 117 |
| 2017 | 286.2M | 30.8M | -10M | 30.5M | 115 |
| 2016 | 264.6M | 53.2M | 12.2M | 40.4M | 121 |
Official annual report
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Avis Budget Denmark A/S has published its annual report for 2019. Revenue came to DKK 264,146,000, and the net result was DKK -71,633,000.
As of May 6, 2020, A/S PSE 17 NR. 1056 has been appointed auditor of Avis Budget Denmark A/S.
As of May 6, 2020, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of Avis Budget Denmark A/S.
About Avis Budget Denmark A/S
Avis Budget Denmark A/S is a Danish company of the type Aktieselskab based in Albertslund, founded in 1996. The company is registered under the industry Udlejning og leasing af biler og lette motorkøretøjer. The company was previously named RAC DENMARK A/S and BILUDLEJNING I DANMARK A/S. The management consists of Donald Richard Hayes. The board consists of Gianluca Testa (chair), Alfredo Hernandez Peña, Camilla Larsen and Donald Richard Hayes. The company is owned by ABG Scandinavia Holdings AS. The company has 128 employees (2026). In 2025, the company reported revenue of DKK 233,258,000 and a net result of DKK -22,114,000 compared with DKK -43,207,000 the year before. Equity in the 2025 report amounted to DKK 6,210,000.