Owners, management and financials
CVR: 36478497
Previous names: ODENSE LB AF 2015 P/S
DKK 87,998,000
Revenue
Net result: DKK -126,358,000
Odense Kommune (100%)
CVR · view owners
Dan Ravn, Remi Thomsen
1 more in management
Board: Jesper Rasmussen (chair) and 4 members
CVR · view management
Active
Founded 16 January 2015
CVR · view overview
35 employees
CVR · 2026
Director registered: Remi Thomsen
CVR · 01/05/2026
View the full event history
Odense Letbane P/S is a Danish company of the type Kommanditaktieselskab/Partnerselskab based in Odense C, founded in 2015. The company is registered under the industry Persontransport med nærbane. The company was previously named ODENSE LB AF 2015 P/S. The management consists of Dan Ravn, Remi Thomsen and Varun Sivapalan. The board consists of Jesper Rasmussen (chair), Jesper Sondrup Rosener, Peter Krogsgaard and Peter Schäfer. The company is owned by Odense Kommune. The company has 35 employees (2026). In 2025, the company reported revenue of DKK 87,998,000 and a net result of DKK -126,358,000 compared with DKK -153,961,000 the year before. Equity in the 2025 report amounted to DKK -1,480,808,000.
Source: annual report 2025, Danish Business Authority
The financial health of Odense Letbane P/S shows significant challenges, with consistent losses over the past five years, culminating in a profit of -126,358,000 DKK in 2025. Revenue has been on an upward trend, increasing from 47,056,000 DKK in 2022 to 87,998,000 DKK in 2025, indicating potential growth in operations. However, the company's equity position remains concerning, with negative equity reaching -1,480,808,000 DKK, suggesting substantial debt and financial instability. As a player in the regional transport sector, its ability to achieve profitability and improve margins will be critical for future sustainability.
AI-generated summary · Generated 15/08/2026
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Source: Peppol Directory, updated daily.
Selskabets formål er at stå for projektering, anlæg og drift af Odense Letbane.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 88 mio. | -126.4 mio. | 299.1 mio. | -1.5 mia. | 17 | |
| 202401/01/2024 – 31/12/2024 | 78.5 mio. | -154 mio. | 281.5 mio. | -1.6 mia. | 16 | |
| 202301/01/2023 – 31/12/2023 | 70.2 mio. | -143.4 mio. | 269.2 mio. | -1.6 mia. | 17 | |
| 202201/01/2022 – 31/12/2022 | 47.1 mio. | -1 mia. | 231.2 mio. | -1.7 mia. | 28 | |
| 202101/01/2021 – 31/12/2021 | - | -149.7 mio. | 1.8 mia. | -764.5 mio. | 38 | |
| 202001/01/2020 – 31/12/2020 | - | -378.9 mio. | 1.8 mia. | -716.8 mio. | 38 | |
| 201901/01/2019 – 31/12/2019 | - | -237.7 mio. | 1.4 mia. | -431.9 mio. | 39 | |
| 201801/01/2018 – 31/12/2018 | - | -375.2 mio. | 926.4 mio. | -231 mio. | - | |
| 201701/01/2017 – 31/12/2017 | - | -14.4 mio. | 803.8 mio. | 124 mio. | 35 | |
| 201601/01/2016 – 31/12/2016 | - | -9.8 mio. | 551.5 mio. | 55 mio. | 39 | |
| 201516/01/2015 – 31/12/2015 | - | -7.7 mio. | 231.3 mio. | 57.7 mio. | 27 |
Compared to 6 companies in Persontransport med nærbane
Comparison is based on industry median values
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Read about the CDS scoreThe CVR number of Odense Letbane P/S is 36478497.
Odense Letbane P/S is owned by Odense Kommune.
The management of Odense Letbane P/S consists of Dan Ravn, Remi Thomsen and Varun Sivapalan.
The board of Odense Letbane P/S consists of Jesper Rasmussen, Jesper Sondrup Rosener and Peter Krogsgaard, with Jesper Rasmussen as chair.
In 2025, Odense Letbane P/S reported revenue of DKK 87,998,000.
Odense Letbane P/S had 35 employees in 2026 according to the Danish CVR register.
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Contact info changed: new website: https://www.odenseletbane.dk/ (May 28, 2026).
As of May 27, 2026, Randi Skogstad has joined the board of directors of Odense Letbane P/S.
Contact info changed: new website: https://www.odenseletbane.dk/ (May 4, 2026).
As of May 1, 2026, Remi Thomsen is registered as director of Odense Letbane P/S.
As of April 30, 2026, Per Thorndal Feddersen has stepped down as director of Odense Letbane P/S.
Odense Letbane P/S has published its annual report for 2025. Revenue came to DKK 87,998,000, and the net result was DKK -126,358,000.
Address changed to Skibhusvej 52B 3. 52, 3, 5000 Odense C (January 30, 2026).
Contact info changed: new website: https://www.odenseletbane.dk/ (January 30, 2026).
As of January 1, 2026, Varun Sivapalan is registered as director of Odense Letbane P/S.
Odense Letbane P/S has published its interim report for the period January 1, 2025 – June 30, 2025.
As of June 27, 2025, Peter Schäfer has joined the board of directors of Odense Letbane P/S.
Odense Letbane P/S has published its annual report for 2024. Revenue came to DKK 78,518,000, and the net result was DKK -153,961,000.
Odense Letbane P/S has published its interim report for the period January 1, 2024 – June 30, 2024.
Odense Letbane P/S has published its annual report for 2023. Revenue came to DKK 70,170,000, and the net result was DKK -143,362,000.
Odense Letbane P/S has published its interim report for the period January 1, 2023 – June 30, 2023.
Odense Letbane P/S has published its annual report for 2022. Revenue came to DKK 47,056,000, and the net result was DKK -1,031,512,000.
As of March 1, 2023, Per Thorndal Feddersen is registered as director of Odense Letbane P/S.
As of February 28, 2023, Michael Møller Jalking has stepped down as director of Odense Letbane P/S.
As of February 28, 2023, Thomas Sjøgren has stepped down as director of Odense Letbane P/S.
As of December 31, 2022, Niels Walther-Rasmussen has left the board of directors of Odense Letbane P/S.
As of December 31, 2022, Kjeld Zacho Jørgensen has left the board of directors of Odense Letbane P/S.
Odense Letbane P/S has published its interim report for the period January 1, 2022 – June 30, 2022.
As of May 29, 2022, Dan Ravn is registered as director of Odense Letbane P/S.
As of May 28, 2022, Dan Ravn has stepped down as director of Odense Letbane P/S.
Odense Letbane P/S has published its annual report for 2021. The net result was DKK -149,719,000.
As of March 1, 2022, Thomas Sjøgren is registered as director of Odense Letbane P/S.
As of March 1, 2022, Dan Ravn is registered as director of Odense Letbane P/S.
As of February 28, 2022, Steen Lykke has stepped down as director of Odense Letbane P/S.
As of December 31, 2021, Mogens Hagelskær has stepped down as director of Odense Letbane P/S.
Odense Letbane P/S has published its interim report for the period January 1, 2021 – June 30, 2021.
Odense Letbane P/S has published its annual report for 2020. The net result was DKK -378,901,000.
As of January 29, 2021, Kjeld Zacho Jørgensen has joined the board of directors of Odense Letbane P/S.
As of January 29, 2021, Peter Krogsgaard has joined the board of directors of Odense Letbane P/S.
As of January 29, 2021, Birgitte Andersen has left the board of directors of Odense Letbane P/S.
As of January 29, 2021, Sture Magnus Jonasson has left the board of directors of Odense Letbane P/S.
As of January 1, 2021, Michael Møller Jalking is registered as director of Odense Letbane P/S.
As of January 1, 2021, Per Thorndal Feddersen has stepped down as director of Odense Letbane P/S.
Odense Letbane P/S has published its interim report for the period January 1, 2020 – June 30, 2020.
Odense Letbane P/S has published its annual report for 2019. The net result was DKK -237,670,000.
Odense Letbane P/S has published its interim report for the period January 1, 2019 – June 30, 2019.
Odense Letbane P/S has published its annual report for 2018. The net result was DKK -375,180,000.
Odense Letbane P/S has published its interim report for the period January 1, 2018 – June 30, 2018.
Odense Letbane P/S has published its annual report for 2017. The net result was DKK -14,410,000.
Odense Letbane P/S has published its interim report for the period January 1, 2017 – June 30, 2017.
As of June 13, 2017, Sture Magnus Jonasson has joined the board of directors of Odense Letbane P/S.
As of June 13, 2017, Johannes Sloth has left the board of directors of Odense Letbane P/S.
Odense Letbane P/S has published its annual report for 2016. The net result was DKK -9,806,000.
Odense Letbane P/S has published its interim report for the period January 1, 2016 – June 30, 2016.
Odense Letbane P/S has published its annual report for 2015. The net result was DKK -7,700,000.
As of December 1, 2015, Steen Lykke is registered as director of Odense Letbane P/S.
As of November 19, 2015, Niels Walther-Rasmussen has joined the board of directors of Odense Letbane P/S.
As of September 23, 2015, Peter Schäfer has left the board of directors of Odense Letbane P/S.
As of March 24, 2015, Per Thorndal Feddersen is registered as director of Odense Letbane P/S.
As of March 2, 2015, Peter Schäfer has joined the board of directors of Odense Letbane P/S.
As of March 2, 2015, Johannes Sloth has joined the board of directors of Odense Letbane P/S.
As of March 2, 2015, Jesper Rasmussen has joined the board of directors of Odense Letbane P/S.
As of March 2, 2015, Birgitte Andersen has joined the board of directors of Odense Letbane P/S.
As of March 2, 2015, Jesper Sondrup Rosener has joined the board of directors of Odense Letbane P/S.
As of March 2, 2015, Tine Seehausen Knudsen has left the board of directors of Odense Letbane P/S.
As of March 2, 2015, Hans Henrik Banke has left the board of directors of Odense Letbane P/S.
As of March 2, 2015, Jesper Hauschildt has left the board of directors of Odense Letbane P/S.
As of March 2, 2015, Mogens Hagelskær is registered as director of Odense Letbane P/S.
As of March 2, 2015, Hans Henrik Banke has stepped down as director of Odense Letbane P/S.
On March 2, 2015, the company changed its name from ODENSE LB AF 2015 P/S to Odense Letbane P/S.
As of March 1, 2015, Odense Kommune is registered as an owner of Odense Letbane P/S with an ownership share of 100%.
As of January 16, 2015, EY Godkendt Revisionspartnerselskab has been appointed auditor of Odense Letbane P/S.
As of January 16, 2015, Tine Seehausen Knudsen has joined the board of directors of Odense Letbane P/S.
As of January 16, 2015, Hans Henrik Banke has joined the board of directors of Odense Letbane P/S.
As of January 16, 2015, Jesper Hauschildt has joined the board of directors of Odense Letbane P/S.
As of January 16, 2015, Hans Henrik Banke is registered as director of Odense Letbane P/S.
Odense Letbane P/S was founded on January 16, 2015.
14 news items and press releases
Sources: Via Ritzau and Danish news media. Links open at the source.
