Carlsberg A/S

Public limited companyCVR 61056416København VActive

Carlsberg A/S is a public limited company, based in København V, active in research and experimental development on natural sciences and engineering, founded in 1999. Net profit fell 32% from 2024 to 2025, ending at DKK 7bn. Measured by gross profit, it ranks no. 1 of 421 companies in the industry in the database. Operations are spread over 5 production units in 3 towns.

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Key figures · financial year 2025

RevenueDKK 89.1bn+18.8% vs. 2024
Net profitDKK 7bn−32% vs. 2024
EquityDKK 30.7bn+0.2% vs. 2024
Employees107latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 17% (2024 → 2025), to DKK 40.2bn.
  • Revenue rose 19% (2024 → 2025), to DKK 89.1bn.
  • Net profit fell 32% (2024 → 2025), to DKK 7bn.

Employees

  • 11 fewer employees than a year earlier: 107 (07/2026) against 118 (07/2025).

Management and owners, last 24 months

  • New in management: Jens Hjorth (board member, 17/03/2025), Wen Ma (board member, 17/03/2025) and Søren Knudsen (board member, 01/08/2025) (+4).
  • Stepped down: Richard Burrows (board member, 17/03/2025), Søren-Peter Olesen (board member, 17/03/2025) and Jakob Laurent Lund Karsvang (deputy board member, 16/03/2026) (+5).

Registrations, last 24 months

  • 17/03/2025: Share capital changed from 2,685,136,120 DKK to 2,653,136,120 DKK
  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)

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 40bn−DKK 20bnDKK 0DKK 20bnDKK 40bn202020212022202320242025
EquityNet profit
Financial figures for Carlsberg A/S
202020212022202320242025Change
Revenue58,541,00066,634,00070,265,00073,585,00075,011,00089,095,000+18.8%
Gross profit28,361,00031,327,00032,067,00032,832,00034,380,00040,236,000+17%
Operating profit (EBIT)9,699,00010,862,000–––––
Profit before tax9,041,00010,228,0009,961,0009,830,0009,987,0009,050,000−9.4%
Net profit6,808,0008,009,000108,000−39,777,00010,263,0006,978,000−32%
Total assets118,816,000126,383,000115,341,000111,831,000113,328,000153,955,000+35.8%
Equity43,362,00048,756,00034,722,00025,749,00030,612,00030,676,000+0.2%
Liabilities75,454,00077,627,00080,619,00086,082,00082,716,000123,279,000+49%
Cash and cash equivalents7,958,000–8,163,00013,382,00011,542,0009,585,000−17%
Average number of employees40,01039,375–––––

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 0DKK 10bnDKK 20bnDKK 30bnDKK 40bn202020212022202320242025
Gross profitMedian, the industry (431 companies)

Annual reports

6 financial years
Annual reports for Carlsberg A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202519/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202418/03/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202312/03/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202214/03/2023The companyPDF not statedXBRL
202101/01/2021 – 31/12/202116/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202017/03/2021The 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
02040608010012014008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

431 companies in the database

Comparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.

Gross profitDKK 40.2bnNo. 1 of 421
Better than 100% of the companies in the industry
EquityDKK 30.7bnNo. 1 of 431
Better than 100% of the companies in the industry
Number of employees107No. 17 of 431
Better than 96% of the companies in the industry

Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.

DKK 100kDKK 2.5mDKK 63.4mDKK 1.6bnDKK 13.7bnHere
Distribution of gross profit for 250 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. 2of 4,412
Better than 100%
No. 8of 4,466
Better than 100%
Same industry and 50–199 employees27 companies in the comparison
No. 1of 26
Better than 100%
No. 1of 27
Better than 100%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1of 24,791
Better than 100%
No. 8of 24,909
Better than 100%
All companies of type A/S18,025 companies in the comparison
No. 4of 17,786
Better than 100%
No. 24of 18,024
Better than 100%

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

Research and experimental development on natural sciences and engineering
Gross profit
  1. Carlsberg A/SDKK 40.2bn
  2. Zealand Pharma A/SDKK 9.2bn
  3. Gubra A/SDKK 2.6bn
Net profit
  1. Carlsberg A/SDKK 7bn
  2. Zealand Pharma A/SDKK 6.5bn
  3. Gubra A/SDKK 1.7bn
Equity
  1. Carlsberg A/SDKK 30.7bn
  2. Zealand Pharma A/SDKK 14.8bn
  3. Gubra A/SDKK 1.1bn
Employees
  1. Carlsberg A/S107
  2. Zealand Pharma A/S569
  3. Gubra A/S311

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
  • Massachusetts Financial Services Company5% · 0% votes
  • Carlsbergfondet25% · 66.67% votes
Carlsberg A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

16 active registrations

Executive management

Executive management at Carlsberg A/S
NameRoleAppointed
Åsa Ulrica Susanne FearnDirector31/12/2022
Jacob Aarup-AndersenCEO01/09/2023

Board of directors

Board of directors at Carlsberg A/S
NameRoleAppointed
Eva Vilstrup DeckerBoard member20/03/2014
Magdi BatatoBoard member14/03/2018
Lilian Margareta Fossum BinerBoard member13/03/2019
Majken SchultzDeputy chair14/03/2022
Henrik PoulsenChair of the board14/03/2022
Punita LalBoard member14/03/2022
Ivan NielsenBoard member12/06/2023
Bob Kunze-ConcewitzBoard member11/03/2024
Jens HjorthBoard member17/03/2025
Wen MaBoard member17/03/2025
Søren KnudsenBoard member01/08/2025
Morten JørgensenDeputy board member16/03/2026
Roshanak ChalambariBoard member16/03/2026
Justyn Apelt-SalamonDeputy board member16/03/2026
Former management (92)
Former management at Carlsberg A/S
NameRoleAppointedResigned
Birger Lundholm PetersenDeputy board member19/12/199421/12/1998
Kai John JønssonDeputy board member19/12/199401/03/1998
Rasmus Peder Voergård-OlesenDeputy board member19/12/199421/12/1998
Torkild AndersenBoard member16/12/199616/03/2005
Flemming Bent LindeløvCEO01/01/199714/02/2001
Per Freddy EriksenBoard member24/04/199821/12/1998
Torben Bæksted KnudsenBoard member21/12/199821/05/1999
Jens Ivor LarsenBoard member21/12/199801/02/2001
Henning Lajgaard TroelsenDeputy board member21/12/199815/03/2001
John PetersenBoard member21/05/199901/02/2001
Henning Baunbæk DyremoseBoard member20/12/199912/03/2009
Palle MarcusDeputy chair20/12/199918/03/2002
Preben HedegaardBoard member21/02/200118/03/2002
Bjarne Staunsholt GottfredsenDeputy board member18/03/200212/03/2009
Jens Otto VeileBoard member18/03/200217/03/2003
Jens Jørgen BigumDeputy chair18/03/200212/03/2009
Claes GjermansenBoard member18/03/200201/04/2006
Poul-Henrik AppelqvistDeputy board member18/03/200201/04/2006
Bent Ole PetersenBoard member18/03/200220/03/2014
Niels KærgaardBoard member17/03/200321/03/2013
Povl Krogsgaard-LarsenChair of the board17/03/200322/03/2012
Søren Bjerre-NielsenBoard member17/03/200310/03/2008
Paul Assar BergqvistDirector08/03/200401/04/2006
Nils Smedegaard AndersenCEO08/03/200401/10/2007
Ulla NymandDeputy board member01/04/200620/03/2014
Jørn Peter JensenDirector01/04/200601/10/2015
Hans Scott AndersenBoard member01/04/200612/06/2023
Hanne Inge Marie Buch-LarsenBoard member01/04/200625/03/2010
Erik Christian Dedenroth OlsenBoard member01/04/200625/03/2010
Ella MejlingDeputy board member01/04/200625/03/2010
Jørgen Buhl RasmussenCEO01/10/200712/06/2015
Jess SøderbergDeputy chair12/03/200926/03/2015
Richard BurrowsBoard member12/03/200917/03/2025
Cornelis Job van der GraafBoard member12/03/200914/03/2018
Jimmy Peter AndersenDeputy board member25/03/201020/03/2014
Ulf Niklas OlssonBoard member25/03/201005/12/2011
Peter PetersenBoard member25/03/201014/03/2022
Lars StemmerikBoard member25/03/201014/03/2022
Dennis Onsvig GjedvedDeputy board member25/03/201020/03/2014
Thomas KnudsenBoard member05/12/201120/03/2014
Flemming BesenbacherChair of the board22/03/201214/03/2022
Elisabeth FleuriotBoard member22/03/201230/03/2017
Donna Marie CordnerBoard member22/03/201213/03/2019
Søren-Peter OlesenBoard member22/03/201217/03/2025
Nina SmithBoard member21/03/201313/03/2019
Elena PachkovaBoard member20/03/201425/08/2015
Finn LokBoard member20/03/201414/03/2022
Tom AndreasenDeputy board member20/03/201414/03/2022
Carl BacheBoard member20/03/201413/03/2023
Jakob Laurent Lund KarsvangDeputy board member20/03/201416/03/2026
Andrea GottliebDeputy board member20/03/201415/06/2015
Svend Jack OlsenDeputy board member20/03/201415/06/2015
Ivan NielsenDeputy board member20/03/201411/06/2023
Lars Rebien SørensenDeputy chair26/03/201513/03/2019
Cornelis Christiaan 't HartCEO15/06/201531/08/2023
Erik LundBoard member26/10/201516/03/2026
Heine DalsgaardDirector03/06/201631/12/2022
Nancy CruickshankBoard member30/03/201708/05/2018
Lars Fruergaard JørgensenDeputy chair13/03/201914/03/2021
Majken SchultzBoard member13/03/201913/03/2022
Domitille Doat-Le BigotBoard member13/03/201915/03/2021
Henrik PoulsenDeputy chair15/03/202113/03/2022
Lars Fruergaard JørgensenBoard member15/03/202114/03/2022
Tenna Skov ThorstedBoard member14/03/202231/10/2024
Olayide Alabi Oluwagbemiga OladokunBoard member14/03/202201/08/2025
Esko Mikael AroBoard member14/03/202217/03/2025
Peter PetersenBoard member17/12/202416/03/2026
Ebba LundBoard member–12/01/1994
John Vitus NielsenDirector–22/10/1993
Arne PedersenDeputy board member–19/12/1994
Holger LavesenBoard member–15/12/1997
Erik Vejrum MichelsenBoard member–21/12/1998
Carl Johan BallhausenBoard member–16/12/1996
Erik Bjerregaard RasmussenDeputy chair–20/12/1999
Jens William WernerBoard member–15/12/1997
Tage ArentoftBoard member–01/03/1998
Poul Christian MatthiessenChair of the board–17/03/2003
Sven Gjevert PetersenDirector–01/05/1999
Karin ClemmensenBoard member–21/12/1998
Axel Albert MichelsenBoard member–25/03/2010
Walther Vishof PaulsenDirector–31/01/2000
Kristof GlamannChair of the board–12/01/1994
Leonhard SchrøderDirector–30/10/1987
Gunnar HomannDeputy chair–14/01/1988
Michael Christian Stig IuulDirector–14/02/2001
Henrik GlahnBoard member–04/01/1990
Poul Johan SvanholmCEO–31/12/1996
Dorte KragBoard member–21/12/1998
Hans Helge PedersenDeputy board member–19/12/1994
Ole Kjær-AndersenDeputy board member–19/12/1994
Per Christian ØhrgaardBoard member–20/03/2014
Eigil Bjerl NielsenDirector–05/12/1989

Signing rule: Selskabet tegnes af bestyrelsens formand eller næstformand i forening med et medlem af bestyrelsen eller i forening med en direktør, eller af en administrerende direktør i forening med et medlem af bestyrelsen eller i forening med en direktør eller af to direktører i forening.

Address and production units

5 active production units

J.C. Jacobsens Gade 1
1799 København V

København Municipality · Postcode 1799

Other companies at the address (5)

Production units
Production unitAddressEmployeesP number
Carlsberg ForskningscenterJ.C. Jacobsens Gade 4, 1799 København V1031008306628
CARLSBERG DANMARK A/S, LOGISTIK CENTER ØSTBohus Boulevard 1, Høje Taastrup, 2630 Taastrup451004980547
CARLSBERG DANMARK A/S, TAP ØL, TERMINAL VESTVestre Ringvej 111, 7000 Fredericia141000619820
Carlsberg A/S EjendommeJ.C. Jacobsens Gade 1, 1799 København V11008308272
Grønland (CAS)J.C. Jacobsens Gade 1, 1799 København V11018809075

Purpose

Selskabets formål er i eller uden for Danmark at drive industri, herunder bryggerivirksomhed, handel, landbrug og transport, samt at yde teknisk eller merkantil bistand, erhverve og eje fast ejendom eller i øvrigt udøve eller være interesseret i anden virksomhed, der efter bestyrelsens skøn har tilknytning til de førnævnte formål

The purpose is quoted from the register in Danish.

Changes year by year

138 registered events
20267 changesaccounts 1 · management 6
  • Annual report for 2025 published
  • Roshanak Chalambari appointed board member
  • Justyn Apelt-Salamon appointed deputy board member
  • Morten Jørgensen appointed deputy board member
  • Peter Petersen stepped down as board member
  • Erik Lund stepped down as board member
  • Jakob Laurent Lund Karsvang stepped down as deputy board member
202510 changesmanagement 7 · accounts 1 · capital 1 · industry 1
  • Søren Knudsen appointed board member
  • Olayide Alabi Oluwagbemiga Oladokun stepped down as board member
  • Annual report for 2024 published
  • Share capital changed from 2,685,136,120 DKK to 2,653,136,120 DKK
  • Jens Hjorth appointed board member
  • Wen Ma appointed board member
  • Esko Mikael Aro stepped down as board member
  • Søren-Peter Olesen stepped down as board member
  • Richard Burrows stepped down as board member
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
20245 changesmanagement 3 · capital 1 · accounts 1
  • Peter Petersen appointed board member
  • Tenna Skov Thorsted stepped down as board member
  • Share capital changed from 2,747,136,120 DKK to 2,685,136,120 DKK
  • Annual report for 2023 published
  • Bob Kunze-Concewitz appointed board member
20238 changesmanagement 6 · capital 1 · accounts 1
  • Jacob Aarup-Andersen appointed ceo
  • Cornelis Christiaan 't Hart stepped down as ceo
  • Ivan Nielsen appointed board member
  • Hans Scott Andersen stepped down as board member
  • Ivan Nielsen stepped down as deputy board member
  • Share capital changed from 2,837,136,120 DKK to 2,747,136,120 DKK
  • Annual report for 2022 published
  • Carl Bache stepped down as board member
202218 changesmanagement 16 · capital 1 · accounts 1
  • Åsa Ulrica Susanne Fearn appointed director
  • Heine Dalsgaard stepped down as director
  • Share capital changed from 2,905,136,120 DKK to 2,837,136,120 DKK
  • Annual report for 2021 published
  • Esko Mikael Aro appointed board member
  • Tenna Skov Thorsted appointed board member
  • Punita Lal appointed board member
  • Henrik Poulsen appointed chair of the board
  • Majken Schultz appointed deputy chair
  • Olayide Alabi Oluwagbemiga Oladokun appointed board member
  • Lars Fruergaard Jørgensen stepped down as board member
  • Finn Lok stepped down as board member
  • Tom Andreasen stepped down as deputy board member
  • Flemming Besenbacher stepped down as chair of the board
  • Peter Petersen stepped down as board member
  • Lars Stemmerik stepped down as board member
  • Henrik Poulsen stepped down as deputy chair
  • Majken Schultz stepped down as board member
20217 changesaddress 1 · capital 1 · accounts 1 · management 4
  • Moved to J.C. Jacobsens Gade 1, 1799 København V
  • Share capital changed from 2,963,136,120 DKK to 2,905,136,120 DKK
  • Annual report for 2020 published
  • Lars Fruergaard Jørgensen appointed board member
  • Henrik Poulsen appointed deputy chair
  • Domitille Doat-Le Bigot stepped down as board member
  • Lars Fruergaard Jørgensen stepped down as deputy chair
20202 changescapital 1 · address 1
  • Share capital changed from 3,051,136,120 DKK to 2,963,136,120 DKK
  • Moved to J.C. Jacobsens Gade 1, 1799 København V
20197 changesmanagement 7
  • Domitille Doat-Le Bigot appointed board member
  • Lilian Margareta Fossum Biner appointed board member
  • Majken Schultz appointed board member
  • Lars Fruergaard Jørgensen appointed deputy chair
  • Lars Rebien Sørensen stepped down as deputy chair
  • Nina Smith stepped down as board member
  • Donna Marie Cordner stepped down as board member
20184 changesaddress 1 · management 3
  • Moved to Ny Carlsberg Vej 100, 1799 København V
  • Nancy Cruickshank stepped down as board member
  • Magdi Batato appointed board member
  • Cornelis Job van der Graaf stepped down as board member
20172 changesmanagement 2
  • Nancy Cruickshank appointed board member
  • Elisabeth Fleuriot stepped down as board member
20164 changesownership 2 · address 1 · management 1
  • BlackRock, Inc. is no longer registered as owner
  • Moved to Ny Carlsberg Vej 100, 1799 København V
  • Heine Dalsgaard appointed director
  • BlackRock, Inc. registered as owner (5%)
201511 changesmanagement 9 · address 1 · ownership 1
  • Erik Lund appointed board member
  • Jørn Peter Jensen stepped down as director
  • Elena Pachkova stepped down as board member
  • Moved to Ny Carlsberg Vej 100, 1799 København V
  • Cornelis Christiaan 't Hart appointed ceo
  • Svend Jack Olsen stepped down as deputy board member
  • Andrea Gottlieb stepped down as deputy board member
  • Jørgen Buhl Rasmussen stepped down as ceo
  • CARLSBERGFONDET registered as owner (25%)
  • Lars Rebien Sørensen appointed deputy chair
  • Jess Søderberg stepped down as deputy chair
201414 changesownership 1 · management 13
  • Massachusetts Financial Services Company registered as owner (5%)
  • Svend Jack Olsen appointed deputy board member
  • Elena Pachkova appointed board member
  • Finn Lok appointed board member
  • Tom Andreasen appointed deputy board member
  • Jakob Laurent Lund Karsvang appointed deputy board member
  • Carl Bache appointed board member
  • Eva Vilstrup Decker appointed board member
  • Ivan Nielsen appointed deputy board member
  • Andrea Gottlieb appointed deputy board member
  • Thomas Knudsen stepped down as board member
  • Jimmy Peter Andersen stepped down as deputy board member
  • Dennis Onsvig Gjedved stepped down as deputy board member
  • Ulla Nymand stepped down as deputy board member
20131 changemanagement 1
  • Nina Smith appointed board member
20124 changesmanagement 4
  • Elisabeth Fleuriot appointed board member
  • Donna Marie Cordner appointed board member
  • Søren-Peter Olesen appointed board member
  • Flemming Besenbacher appointed chair of the board
20112 changesmanagement 2
  • Thomas Knudsen appointed board member
  • Ulf Niklas Olsson stepped down as board member
20109 changesaddress 1 · management 8
  • Moved to Ny Carlsberg Vej 100, 1760 København V
  • Jimmy Peter Andersen appointed deputy board member
  • Ulf Niklas Olsson appointed board member
  • Peter Petersen appointed board member
  • Lars Stemmerik appointed board member
  • Dennis Onsvig Gjedved appointed deputy board member
  • Erik Christian Dedenroth Olsen stepped down as board member
  • Hanne Inge Marie Buch-Larsen stepped down as board member
  • Ella Mejling stepped down as deputy board member
20093 changesmanagement 3
  • Richard Burrows appointed board member
  • Jess Søderberg appointed deputy chair
  • Cornelis Job van der Graaf appointed board member
20082 changescapital 1 · industry 1
  • Share capital changed from 1,525,568,060 DKK to 3,051,136,120 DKK
  • Industry changed to Forskning og eksperimentel udvikling indenfor bioteknologi (721100)
20071 changemanagement 1
  • Jørgen Buhl Rasmussen appointed ceo
20067 changesmanagement 7
  • Ulla Nymand appointed deputy board member
  • Erik Christian Dedenroth Olsen appointed board member
  • Hanne Inge Marie Buch-Larsen appointed board member
  • Hans Scott Andersen appointed board member
  • Jørn Peter Jensen appointed director
  • Ella Mejling appointed deputy board member
  • Paul Assar Bergqvist stepped down as director
20042 changescapital 1 · management 1
  • Share capital changed from 1,278,125,640 DKK to 1,525,568,060 DKK
  • Paul Assar Bergqvist appointed director
20012 changesaddress 1 · industry 1
  • Moved to Valby Langgade 1, 2500 Valby
  • Industry changed to Forskning og udvikling inden for naturvidenskab og teknik (731000)
19981 changemerger 1
  • Merger registered in CVR
19951 changemerger 1
  • Merger registered in CVR
19921 changecapital 1
  • Share capital changed from 1,171,615,200 DKK to 1,278,125,640 DKK
19901 changecapital 1
  • Share capital changed from 976,346,000 DKK to 1,171,615,200 DKK
19882 changesfounded 1 · capital 1
  • Registered as CARLSBERG A/S
  • Share capital changed from 813,621,700 DKK to 976,346,000 DKK

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Same people in management

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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 24/10/2026.

View in CVRReport a correction