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Avis Budget Denmark A/S

Public limited companyCVR 19673146AlbertslundActive

Avis Budget Denmark A/S is a public limited company, based in Albertslund, active in renting and leasing of cars and light motor vehicles, founded in 1996. The company made a loss in both 2024 and 2025, most recently DKK 22.1m. Operations are spread over 9 production units in 9 towns. With 127 employees, the company is about 32 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 233.3m−14.3% vs. 2024
Net profit−DKK 22.1m+48.8% vs. 2024
EquityDKK 6.2m−78.1% vs. 2024
Employees127latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Revenue fell 14% (2024 → 2025), to DKK 233.3m.
  • The loss got smaller: from DKK 43.2m to DKK 22.1m (2024 → 2025).
  • Equity fell 78% (2024 → 2025), to DKK 6.2m.

Employees

  • 3 fewer employees than a year earlier: 127 (07/2026) against 130 (07/2025).

Management and owners, last 24 months

  • New in management: Gianluca Testa (chair of the board, 12/02/2026).
  • Stepped down: Hans Waldemar Müller (chair of the board, 12/02/2026).

Registrations, last 24 months

  • 27/11/2024: Share capital changed from 3,004,000 DKK to 3,005,000 DKK

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 80m−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20m202020212022202320242025
EquityNet profit
Financial figures for Avis Budget Denmark A/S
202020212022202320242025Change
Revenue164,587213,641259,934277,340272,229233,258−14.3%
Gross profit−43,100−6,82936,56516,005−11,9246,276+152.6%
Operating profit (EBIT)−78,492−58,392−21,458−30,491−53,977−30,303+43.9%
Profit before tax−79,584−59,68716,563−32,527−56,234−32,703+41.8%
Net profit−66,373−43,55327,119−21,769−43,207−22,114+48.8%
Total assets82,10068,957136,426103,721110,928126,361+13.9%
Equity22,043−21,51015,60913,84028,3246,210−78.1%
Liabilities–90,467––82,604120,151+45.5%
Cash and cash equivalents12,41022,52321,7006,4457,65324,321+217.8%
Average number of employees869611612412199−18.2%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 50m−DKK 40m−DKK 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
Gross profitMedian, the industry (126 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 3 years in a row

    Net result has been negative in 2023–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Equity fell sharply

    Equity fell 78% from 2024 to 2025 (DKK 28.3m to DKK 6.2m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Low equity ratio

    Equity makes up 5% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Avis Budget Denmark A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202530/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202411/07/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202320/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202208/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202101/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202025/06/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
02040608010012014016018008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

126 companies in the database

Comparison with the other companies in renting and leasing of cars and light motor vehicles based on the latest financial year.

Gross profitDKK 6.3mNo. 47 of 124
Better than 63% of the companies in the industry
EquityDKK 6.2mNo. 59 of 126
Better than 54% of the companies in the industry
Number of employees127No. 5 of 126
Better than 97% of the companies in the industry

Industry median: gross profit DKK 3.3m, net profit DKK 375k, equity DKK 4.5m, 4 employees.

DKK 100kDKK 845kDKK 7.1mDKK 60.4mDKK 250.4mHere
Distribution of gross profit for 110 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 4,063of 4,412
Better than 8%
No. 3,209of 4,466
Better than 28%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 8,409of 24,791
Better than 66%
No. 8,696of 24,909
Better than 65%
All companies of type A/S18,025 companies in the comparison
No. 11,029of 17,786
Better than 38%
No. 10,633of 18,024
Better than 41%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Renting and leasing of cars and light motor vehicles
Gross profit
  1. Avis Budget Denmark A/SDKK 6.3m
  2. Ayvens Danmark A/SDKK 510m
  3. Fleggaard Leasing A/SDKK 413.6m
Net profit
  1. Avis Budget Denmark A/S−DKK 22.1m
  2. Ayvens Danmark A/SDKK 192m
  3. Fleggaard Leasing A/SDKK 85.6m
Equity
  1. Avis Budget Denmark A/SDKK 6.2m
  2. Ayvens Danmark A/SDKK 1bn
  3. Fleggaard Leasing A/SDKK 849.8m
Employees
  1. Avis Budget Denmark A/S127
  2. Ayvens Danmark A/S254
  3. Fleggaard Leasing A/S117

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • ABG Scandinavia Holdings AS100%
Avis Budget Denmark A/S

Management

6 active registrations

Executive management

Executive management at Avis Budget Denmark A/S
NameRoleAppointed
Donald Richard HayesCEO01/12/2022

Board of directors

Board of directors at Avis Budget Denmark A/S
NameRoleAppointed
Jesper Lund LarsenBoard member31/08/2022
Camilla LarsenBoard member31/08/2022
Donald Richard HayesBoard member01/12/2022
Alfredo Hernandez PeñaBoard member18/10/2024
Gianluca TestaChair of the board12/02/2026
Founders
Victor Christoffersen ApS
Former management (44)
Former management at Avis Budget Denmark A/S
NameRoleAppointedResigned
Victor ChristoffersenDirector01/11/199618/06/1997
Torben Otte JørgensenDirector18/12/200001/11/2005
Claus Korsgaard KnudsenBoard member18/12/200001/11/2005
Tyge Jesper RotheBoard member18/12/200001/11/2005
Erik Kjeldsen SkjøttBoard member18/12/200001/11/2005
Ivan NadelmannDirector18/12/200001/11/2005
Torben Otte JørgensenBoard member01/11/200510/07/2007
Ivan NadelmannChair of the board01/11/200510/07/2007
Dag Andre JohansenDirector01/11/200519/06/2013
Catherine Margareta Röhstö SahlgrenBoard member01/11/200510/07/2007
Murray HennessyBoard member01/11/200510/07/2007
Pierre KallbergBoard member01/11/200510/07/2007
Glenn van HeerdenBoard member01/11/200510/07/2007
Patrick Kenneth RankinBoard member27/08/200719/01/2011
Martin LaubscherBoard member06/12/200711/08/2010
Terje NavjordBoard member11/08/201019/06/2013
Per Erik BurudChair of the board11/08/201022/08/2011
Arne Didrik KjørnæsBoard member11/08/201019/06/2013
John Erik NilsenBoard member19/01/201129/01/2015
Sverre LeiroChair of the board22/08/201119/06/2013
Dag TveteråsBoard member22/08/201119/06/2013
Tor Øivind KirkengBoard member22/08/201119/06/2013
Kasper GjedstedCEO19/06/201318/02/2016
Christian Vinding ThomsenBoard member19/06/201329/01/2015
Lars Brejner DissingAssistant director19/06/201312/10/2018
Dorte Brix NagellBoard member19/06/201329/01/2015
Dag Andre JohansenChair of the board19/06/201329/01/2015
Cecilie HaarsethBoard member19/06/201329/01/2015
Vasant MistryBoard member19/06/201329/01/2015
Morten KrarupBoard member09/08/201329/01/2015
Kasper GjedstedBoard member29/01/201518/02/2016
Lars Brejner DissingBoard member29/01/201512/10/2018
Mark Jeffrey ServodidioChair of the board29/01/201518/02/2016
Mark John KightleyBoard member29/01/201514/08/2019
Ole GrønvoldBoard member29/01/201501/04/2018
Nina Anne BellChair of the board18/02/201631/12/2021
Jens Kim JeppesenBoard member11/05/201627/03/2017
Ole GrønvoldCEO11/05/201601/04/2018
Paul Leslie FordBoard member11/05/201618/10/2024
Andrew Francis SmithDirector01/04/201801/12/2022
Andrew Francis SmithBoard member01/06/201801/12/2022
Jason TurnerBoard member14/08/201931/12/2021
Jan SchjøtzBoard member11/01/202231/08/2022
Hans Waldemar MüllerChair of the board11/01/202212/02/2026

Signing rule: Selskabet kan tegnes af en direktør eller af et bestyrelsesmedlem

Address and production units

9 active production units

Roskildevej 14
2620 Albertslund

Albertslund Municipality · Postcode 2620

Other companies at the address (1)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Avis Budget Denmark A/SSøndre Landevej 2, 3700 Rønne51024506629
Avis Budget Denmark A/SGl. Landevej 59, Erritsø, 7000 Fredericia31023250671
Avis Budget Denmark A/SSjællandsgade 2, 6400 Sønderborg21013524420
Avis Budget Denmark A/SRibevej 2C, 8940 Randers SV11028983359
Avis Budget Denmark A/SKøbenhavnsvej 102, 4000 Roskilde11021661348
Avis Budget Denmark A/SHeimdalsvej 1, 3400 Hillerød11021661364
Avis Budget Denmark A/SValseholmen 5, 2650 Hvidovre11029193831
Avis Budget Denmark A/SLyngby Torv 11, 2800 Kongens Lyngby11024718456
Avis Budget Denmark A/SBødkervej 8, 7100 Vejle11021661380

Purpose

Selskabets formål er at drive virksomhed med udlejning af automobiler og andet løsøre samt enhver forretningsvirksomhed, som står i forbindelse med udlejning af automobiler, herunder køb og salg af automobiler.

The purpose is quoted from the register in Danish.

Changes year by year

129 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Gianluca Testa appointed chair of the board
  • Hans Waldemar Müller stepped down as chair of the board
20251 changeaccounts 1
  • Annual report for 2024 published
20244 changescapital 1 · management 2 · accounts 1
  • Share capital changed from 3,004,000 DKK to 3,005,000 DKK
  • Alfredo Hernandez Peña appointed board member
  • Paul Leslie Ford stepped down as board member
  • Annual report for 2023 published
20233 changescapital 1 · accounts 1 · address 1
  • Share capital changed from 3,003,000 DKK to 3,004,000 DKK
  • Annual report for 2022 published
  • Moved to Roskildevej 14, 2620 Albertslund
202211 changescapital 1 · management 9 · accounts 1
  • Share capital changed from 3,002,000 DKK to 3,003,000 DKK
  • Donald Richard Hayes appointed ceo
  • Donald Richard Hayes appointed board member
  • Andrew Francis Smith stepped down as board member
  • Andrew Francis Smith stepped down as director
  • Jesper Lund Larsen appointed board member
  • Camilla Larsen appointed board member
  • Jan Schjøtz stepped down as board member
  • Annual report for 2021 published
  • Jan Schjøtz appointed board member
  • Hans Waldemar Müller appointed chair of the board
20213 changesmanagement 2 · accounts 1
  • Jason Turner stepped down as board member
  • Nina Anne Bell stepped down as chair of the board
  • Annual report for 2020 published
20202 changescapital 1 · address 1
  • Share capital changed from 3,001,000 DKK to 3,002,000 DKK
  • Moved to Roskildevej 14, 2620 Albertslund
20193 changescapital 1 · management 2
  • Share capital changed from 3,000,000 DKK to 3,001,000 DKK
  • Jason Turner appointed board member
  • Mark John Kightley stepped down as board member
20186 changesmanagement 6
  • Lars Brejner Dissing stepped down as board member
  • Lars Brejner Dissing stepped down as assistant director
  • Andrew Francis Smith appointed board member
  • Andrew Francis Smith appointed director
  • Ole Grønvold stepped down as ceo
  • Ole Grønvold stepped down as board member
20171 changemanagement 1
  • Jens Kim Jeppesen stepped down as board member
20169 changesname 1 · management 7 · address 1
  • Name changed from RAC DENMARK A/S to Avis Budget Denmark A/S
  • Jens Kim Jeppesen appointed board member
  • Paul Leslie Ford appointed board member
  • Ole Grønvold appointed ceo
  • Nina Anne Bell appointed chair of the board
  • Kasper Gjedsted stepped down as board member
  • Mark Jeffrey Servodidio stepped down as chair of the board
  • Kasper Gjedsted stepped down as ceo
  • Moved to Roskildevej 14, 2620 Albertslund
201513 changesmanagement 12 · ownership 1
  • Kasper Gjedsted appointed board member
  • Ole Grønvold appointed board member
  • Mark John Kightley appointed board member
  • Mark Jeffrey Servodidio appointed chair of the board
  • Lars Brejner Dissing appointed board member
  • Morten Krarup stepped down as board member
  • Dorte Brix Nagell stepped down as board member
  • Christian Vinding Thomsen stepped down as board member
  • Dag Andre Johansen stepped down as chair of the board
  • Cecilie Haarseth stepped down as board member
  • Vasant Mistry stepped down as board member
  • John Erik Nilsen stepped down as board member
  • ABG Scandinavia Holdings AS registered as owner (100%)
201316 changescapital 1 · management 14 · merger 1
  • Share capital changed from 2,500,000 DKK to 3,000,000 DKK
  • Morten Krarup appointed board member
  • Merger registered in CVR
  • Dorte Brix Nagell appointed board member
  • Kasper Gjedsted appointed ceo
  • Christian Vinding Thomsen appointed board member
  • Lars Brejner Dissing appointed assistant director
  • Dag Andre Johansen appointed chair of the board
  • Cecilie Haarseth appointed board member
  • Vasant Mistry appointed board member
  • Sverre Leiro stepped down as chair of the board
  • Tor Øivind Kirkeng stepped down as board member
  • Dag Tveterås stepped down as board member
  • Terje Navjord stepped down as board member
  • Arne Didrik Kjørnæs stepped down as board member
  • Dag Andre Johansen stepped down as director
20121 changecapital 1
  • Share capital changed from 2,000,000 DKK to 2,500,000 DKK
20118 changesmanagement 6 · merger 1 · capital 1
  • Sverre Leiro appointed chair of the board
  • Tor Øivind Kirkeng appointed board member
  • Dag Tveterås appointed board member
  • Per Erik Burud stepped down as chair of the board
  • Merger registered in CVR
  • Share capital changed from 1,500,000 DKK to 2,000,000 DKK
  • John Erik Nilsen appointed board member
  • Patrick Kenneth Rankin stepped down as board member
20106 changesname 1 · capital 1 · management 4
  • Name changed from BILUDLEJNING I DANMARK A/S to RAC DENMARK A/S
  • Share capital changed from 1,000,000 DKK to 1,500,000 DKK
  • Terje Navjord appointed board member
  • Arne Didrik Kjørnæs appointed board member
  • Per Erik Burud appointed chair of the board
  • Martin Laubscher stepped down as board member
20081 changeindustry 1
  • Industry changed to Renting and leasing of cars and light motor vehicles (771100)
20079 changesmanagement 8 · capital 1
  • Martin Laubscher appointed board member
  • Share capital changed from 1,500,000 DKK to 1,000,000 DKK
  • Patrick Kenneth Rankin appointed board member
  • Ivan Nadelmann stepped down as chair of the board
  • Glenn van Heerden stepped down as board member
  • Pierre Kallberg stepped down as board member
  • Murray Hennessy stepped down as board member
  • Catherine Margareta Röhstö Sahlgren stepped down as board member
  • Torben Otte Jørgensen stepped down as board member
20061 changecapital 1
  • Share capital changed from 1,000,000 DKK to 1,500,000 DKK
200513 changesaddress 1 · management 12
  • Moved to Sluseholmen 3, 2450 København SV
  • Ivan Nadelmann appointed chair of the board
  • Glenn van Heerden appointed board member
  • Pierre Kallberg appointed board member
  • Murray Hennessy appointed board member
  • Catherine Margareta Röhstö Sahlgren appointed board member
  • Dag Andre Johansen appointed director
  • Torben Otte Jørgensen appointed board member
  • Claus Korsgaard Knudsen stepped down as board member
  • Ivan Nadelmann stepped down as director
  • Erik Kjeldsen Skjøtt stepped down as board member
  • Torben Otte Jørgensen stepped down as director
  • Tyge Jesper Rothe stepped down as board member
200010 changesname 2 · address 2 · capital 1 · management 5
  • Name changed from BILUDLEJNING I DANMARK ApS to BILUDLEJNING I DANMARK A/S
  • Moved to Sjællandsbroen 1, 2450 København SV
  • Share capital changed from 200,000 DKK to 1,000,000 DKK
  • Claus Korsgaard Knudsen appointed board member
  • Ivan Nadelmann appointed director
  • Erik Kjeldsen Skjøtt appointed board member
  • Torben Otte Jørgensen appointed director
  • Tyge Jesper Rothe appointed board member
  • Moved to Sjællandsbroen 1, 2450 København SV
  • Name changed from BILERIA ApS to BILUDLEJNING I DANMARK ApS
19973 changescapital 1 · name 1 · management 1
  • Share capital changed from 125,000 DKK to 200,000 DKK
  • Name changed from VICH 4903 ApS to BILERIA ApS
  • Victor Christoffersen stepped down as director
19962 changesfounded 1 · management 1
  • Registered as VICH 4903 ApS
  • Victor Christoffersen appointed director

Related companies

Same industry in Albertslund

See all →

Same people in management

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026.

View in CVRReport a correction