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Kverneland Group Kerteminde A/S

Public limited companyCVR 35152113KertemindeActive

Kverneland Group Kerteminde A/S is a public limited company, based in Kerteminde, active in manufacture of agricultural and forestry machinery, founded in 1967. The company made a loss in both 2024 and 2025, most recently DKK 25.7m. With 391 employees, the company is about 43 times larger than the industry median. Gross profit is higher than that of 75% of the companies in the industry in the database.

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Key figures · financial year 2025

RevenueDKK 656m−4.4% vs. 2024
Net profit−DKK 25.7m−28.1% vs. 2024
EquityDKK 231m−10% vs. 2024
Employees391latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 36% (2024 → 2025), to DKK 23.4m.
  • Revenue fell 4% (2024 → 2025), to DKK 656m.
  • The loss grew: from DKK 20m to DKK 25.7m (2024 → 2025).
  • Equity fell 10% (2024 → 2025), to DKK 231m.

Employees

  • 15 fewer employees than a year earlier: 391 (07/2026) against 406 (07/2025).

Management and owners, last 24 months

  • New in management: Nils Rasmussen (board member, 26/05/2025), Simon Lykkegaard Hansen (board member, 26/05/2025) and Gitte Maribo Nielsen (board member, 22/08/2025) (+3).
  • Stepped down: Claus Udengaard Thomsen (ceo, 19/12/2025), Claus Udengaard Thomsen (board member, 18/12/2025) and Rameesh Thirugnanasambanther (board member, 26/05/2025) (+3).

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 50mDKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250mDKK 300m202020212022202320242025
EquityNet profit
Financial figures for Kverneland Group Kerteminde A/S
202020212022202320242025Change
Revenue767,060924,9661,085,110996,831686,469656,028−4.4%
Gross profit65,736113,069128,47768,76536,79523,376−36.5%
Operating profit (EBIT)21,14965,29174,98220,646−20,551−29,845−45.2%
Profit before tax40,36562,87974,39218,400−25,311−32,671−29.1%
Net profit30,13548,87057,79815,710−20,029−25,661−28.1%
Total assets444,562481,632633,100580,273540,242448,292−17%
Equity154,351203,221261,019276,729256,699231,038−10%
Liabilities278,318260,177351,697280,637266,632203,047−23.8%
Cash and cash equivalents00–––––
Average number of employees460459504544399380−4.8%

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 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
Gross profitMedian, the industry (70 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

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

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 Kverneland Group Kerteminde A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202506/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202311/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202211/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202109/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202012/07/2021The 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
010020030040050060008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

70 companies in the database

Comparison with the other companies in manufacture of agricultural and forestry machinery based on the latest financial year.

Gross profitDKK 23.4mNo. 18 of 70
Better than 75% of the companies in the industry
EquityDKK 231mNo. 2 of 70
Better than 99% of the companies in the industry
Number of employees391No. 2 of 70
Better than 99% of the companies in the industry

Industry median: gross profit DKK 4.9m, net profit DKK 453k, equity DKK 4.3m, 9 employees.

DKK 115kDKK 898kDKK 7mDKK 55mDKK 216.8mHere
Distribution of gross profit for 66 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 200–499 employees796 companies in the comparison
No. 721of 763
Better than 6%
No. 246of 796
Better than 69%
Companies that are at least 30 years old10,276 companies in the comparison
No. 2,543of 10,152
Better than 75%
No. 699of 10,275
Better than 93%
All companies of type A/S18,025 companies in the comparison
No. 5,292of 17,786
Better than 70%
No. 1,292of 18,024
Better than 93%

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

Manufacture of agricultural and forestry machinery
Gross profit
  1. Kverneland Group Kerteminde A/SDKK 23.4m
  2. Skiold A/SDKK 430.5m
  3. Samson Agro A/SDKK 218.3m
Net profit
  1. Kverneland Group Kerteminde A/S−DKK 25.7m
  2. Skiold A/SDKK 50.8m
  3. Samson Agro A/SDKK 14.9m
Equity
  1. Kverneland Group Kerteminde A/SDKK 231m
  2. Skiold A/S−DKK 47.9m
  3. Samson Agro A/SDKK 218.3m
Employees
  1. Kverneland Group Kerteminde A/S391
  2. Skiold A/S125
  3. Samson Agro A/S297

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
  • Kverneland Group Holding (DK) A/S100%
Kverneland Group Kerteminde A/S

Management

6 active registrations

Executive management

Executive management at Kverneland Group Kerteminde A/S
NameRoleAppointed
Jan Weber PedersenCEO19/12/2025

Board of directors

Board of directors at Kverneland Group Kerteminde A/S
NameRoleAppointed
Nils RasmussenBoard member26/05/2025
Simon Lykkegaard HansenBoard member26/05/2025
Gitte Maribo NielsenBoard member22/08/2025
Jan Weber PedersenBoard member19/12/2025
Claus Udengaard ThomsenChair of the board19/12/2025
Former management (53)
Former management at Kverneland Group Kerteminde A/S
NameRoleAppointedResigned
Torben Leif PedersenDeputy board member22/06/196728/09/1994
Mogens PetersenDirector22/06/196704/01/1988
Hans Laurids Fischer BoelBoard member22/06/196702/06/1993
Bjarne JørgensenBoard member22/06/196722/05/2007
Ole Birger NielsenDirector22/06/196722/02/1999
Axel LejrskovChair of the board22/06/196702/06/1993
Lars Frederik ChristensenBoard member22/06/196719/05/1989
Bendt Oluf RørstedBoard member22/06/196723/06/1992
Jørgen Johannes LundBoard member22/06/196714/11/1995
Poul Johan SteeskovBoard member22/06/196728/09/1994
Poul Johan SteeskovDirector22/06/196705/07/1993
Poul Jørgen JensenBoard member22/06/196723/06/1992
Eric Søe RylbergBoard member22/06/196702/06/1993
Anna JørgensenBoard member22/06/196723/05/1990
Benny Lammert PieszakBoard member22/06/196725/05/2010
Peder Christian AndersenDeputy board member22/06/196725/09/1990
Svend ThejsenBoard member22/06/196702/06/1993
Conny Ingelise MelgaardDeputy board member22/06/196728/09/1994
Nils Frode UnderhaugBoard member22/06/196709/11/2000
Nils Frode UnderhaugCEO22/06/196728/09/1994
Claus Frank HansenDeputy board member22/06/196722/05/2007
Niels Stokholm KristiansenDeputy board member22/06/196728/05/2008
Børge LarsenDirector22/06/196716/01/1991
Henrik Loos NielsenBoard member22/06/196719/05/1989
Audun BergBoard member22/06/196721/10/1997
Knut Tore BostadBoard member22/06/196721/10/1997
Olav HørsdalChair of the board22/06/196721/10/1997
Oddvar FiskesethBoard member22/06/196721/10/1997
Frode UnderhaugDirector22/06/196708/11/1993
Timothy John TindleBoard member22/06/196721/10/1997
Atle EideBoard member22/06/196707/12/1998
Pierre Yves Marie FaguerBoard member22/06/196707/12/1998
Sverre KjenneChair of the board22/06/196716/06/1999
Willem de PutterChair of the board16/06/199909/11/2000
Rasmus NordbøChair of the board09/11/200015/12/2003
Rasmus NordbøCEO09/11/200009/11/2000
Niels Erik Bak AndersenBoard member09/11/200031/05/2017
Niels Erik Bak AndersenCEO09/11/200028/05/2008
Hendrik Hermanus van SonsbeekChair of the board15/12/200322/12/2004
Lasse Godsk SkovdalDeputy chair22/12/200428/05/2008
Claus Udengaard ThomsenCEO22/05/200719/12/2025
Jørgen Christian JørgensenBoard member22/05/200725/05/2010
Jens Kristian ReinChair of the board22/05/200727/05/2009
Claus Udengaard ThomsenBoard member28/05/200818/12/2025
Friedrich PehleChair of the board27/05/200926/05/2014
Ib Nygaard NielsenDeputy board member25/05/201026/05/2014
Rameesh ThirugnanasambantherBoard member25/05/201026/05/2025
Ulrik Wolf AndersenBoard member25/05/201026/05/2014
Frank Loos BrønkBoard member26/05/201430/06/2021
Trine JacobsenDeputy board member26/05/201431/03/2017
Jan Weber PedersenChair of the board26/05/201418/12/2025
Maris Talv-LaugenBoard member26/05/201422/08/2025
Leif NielsenBoard member30/06/202126/05/2025

Signing rule: Selskabet tegnes af et bestyrelsesmedlem i forening med en direktør eller af den samlede bestyrelse.

Address and production units

1 active production units

Tårupstrandvej 25
5300 Kerteminde

Kerteminde Municipality · Postcode 5300

Other companies at the address (1)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
KVERNELAND GROUP KERTEMINDE A/STårupstrandvej 25, 5300 Kerteminde3981001730306

Purpose

Selskabets formål er fabrikation, handel og finansiering.

The purpose is quoted from the register in Danish.

Changes year by year

128 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
202513 changesmanagement 12 · accounts 1
  • Jan Weber Pedersen appointed board member
  • Claus Udengaard Thomsen appointed chair of the board
  • Jan Weber Pedersen appointed ceo
  • Claus Udengaard Thomsen stepped down as ceo
  • Jan Weber Pedersen stepped down as chair of the board
  • Claus Udengaard Thomsen stepped down as board member
  • Gitte Maribo Nielsen appointed board member
  • Maris Talv-Laugen stepped down as board member
  • Annual report for 2024 published
  • Simon Lykkegaard Hansen appointed board member
  • Nils Rasmussen appointed board member
  • Leif Nielsen stepped down as board member
  • Rameesh Thirugnanasambanther stepped down as board member
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changesaccounts 1 · management 2
  • Annual report for 2020 published
  • Leif Nielsen appointed board member
  • Frank Loos Brønk stepped down as board member
20172 changesmanagement 2
  • Niels Erik Bak Andersen stepped down as board member
  • Trine Jacobsen stepped down as deputy board member
20147 changesmanagement 7
  • Trine Jacobsen appointed deputy board member
  • Maris Talv-Laugen appointed board member
  • Jan Weber Pedersen appointed chair of the board
  • Frank Loos Brønk appointed board member
  • Ib Nygaard Nielsen stepped down as deputy board member
  • Ulrik Wolf Andersen stepped down as board member
  • Friedrich Pehle stepped down as chair of the board
20112 changescapital 1 · ownership 1
  • Share capital changed from 45,000,000 DKK to 50,000,000 DKK
  • KVERNELAND GROUP HOLDING (DK) A/S registered as owner (100%)
20105 changesmanagement 5
  • Rameesh Thirugnanasambanther appointed board member
  • Ib Nygaard Nielsen appointed deputy board member
  • Ulrik Wolf Andersen appointed board member
  • Jørgen Christian Jørgensen stepped down as board member
  • Benny Lammert Pieszak stepped down as board member
20093 changescapital 1 · management 2
  • Share capital changed from 40,000,000 DKK to 45,000,000 DKK
  • Friedrich Pehle appointed chair of the board
  • Jens Kristian Rein stepped down as chair of the board
20085 changesmanagement 4 · industry 1
  • Claus Udengaard Thomsen appointed board member
  • Lasse Godsk Skovdal stepped down as deputy chair
  • Niels Erik Bak Andersen stepped down as ceo
  • Niels Stokholm Kristiansen stepped down as deputy board member
  • Industry changed to Manufacture of agricultural and forestry machinery (283000)
20076 changesmanagement 5 · address 1
  • Jens Kristian Rein appointed chair of the board
  • Jørgen Christian Jørgensen appointed board member
  • Claus Udengaard Thomsen appointed ceo
  • Bjarne Jørgensen stepped down as board member
  • Claus Frank Hansen stepped down as deputy board member
  • Moved to Tårupstrandvej 25, 5300 Kerteminde
20043 changesmanagement 2 · name 1
  • Lasse Godsk Skovdal appointed deputy chair
  • Hendrik Hermanus van Sonsbeek stepped down as chair of the board
  • Name changed from KVERNELAND KERTEMINDE A/S to KVERNELAND GROUP KERTEMINDE A/S
20032 changesmanagement 2
  • Hendrik Hermanus van Sonsbeek appointed chair of the board
  • Rasmus Nordbø stepped down as chair of the board
20008 changesmanagement 7 · address 1
  • Rasmus Nordbø appointed chair of the board
  • Niels Erik Bak Andersen appointed ceo
  • Niels Erik Bak Andersen appointed board member
  • Rasmus Nordbø appointed ceo
  • Rasmus Nordbø stepped down as ceo
  • Willem de Putter stepped down as chair of the board
  • Nils Frode Underhaug stepped down as board member
  • Moved to Tårupstrandvej 25, 5300 Kerteminde
19994 changesmanagement 3 · name 1
  • Willem de Putter appointed chair of the board
  • Sverre Kjenne stepped down as chair of the board
  • Name changed from KVERNELAND TAARUP A/S to KVERNELAND KERTEMINDE A/S
  • Ole Birger Nielsen stepped down as director
19982 changesmanagement 2
  • Atle Eide stepped down as board member
  • Pierre Yves Marie Faguer stepped down as board member
19975 changesmanagement 5
  • Olav Hørsdal stepped down as chair of the board
  • Oddvar Fiskeseth stepped down as board member
  • Timothy John Tindle stepped down as board member
  • Audun Berg stepped down as board member
  • Knut Tore Bostad stepped down as board member
19951 changemanagement 1
  • Jørgen Johannes Lund stepped down as board member
19944 changesmanagement 4
  • Torben Leif Pedersen stepped down as deputy board member
  • Poul Johan Steeskov stepped down as board member
  • Conny Ingelise Melgaard stepped down as deputy board member
  • Nils Frode Underhaug stepped down as ceo
19937 changesmanagement 6 · name 1
  • Frode Underhaug stepped down as director
  • Poul Johan Steeskov stepped down as director
  • Name changed from MASKINFABRIKEN TAARUP A/S, KERTEMINDE to KVERNELAND TAARUP A/S
  • Hans Laurids Fischer Boel stepped down as board member
  • Axel Lejrskov stepped down as chair of the board
  • Eric Søe Rylberg stepped down as board member
  • Svend Thejsen stepped down as board member
19922 changesmanagement 2
  • Bendt Oluf Rørsted stepped down as board member
  • Poul Jørgen Jensen stepped down as board member
19911 changemanagement 1
  • Børge Larsen stepped down as director
19902 changesmanagement 2
  • Peder Christian Andersen stepped down as deputy board member
  • Anna Jørgensen stepped down as board member
19892 changesmanagement 2
  • Lars Frederik Christensen stepped down as board member
  • Henrik Loos Nielsen stepped down as board member
19881 changemanagement 1
  • Mogens Petersen stepped down as director
196734 changesfounded 1 · management 33
  • Registered as MASKINFABRIKEN TAARUP A/S, KERTEMINDE
  • Olav Hørsdal appointed chair of the board
  • Oddvar Fiskeseth appointed board member
  • Frode Underhaug appointed director
  • Torben Leif Pedersen appointed deputy board member
  • Atle Eide appointed board member
  • Pierre Yves Marie Faguer appointed board member
  • Sverre Kjenne appointed chair of the board
  • Timothy John Tindle appointed board member
  • Mogens Petersen appointed director
  • Hans Laurids Fischer Boel appointed board member
  • Bjarne Jørgensen appointed board member
  • Ole Birger Nielsen appointed director
  • Axel Lejrskov appointed chair of the board
  • Lars Frederik Christensen appointed board member
  • Bendt Oluf Rørsted appointed board member
  • Jørgen Johannes Lund appointed board member
  • Poul Johan Steeskov appointed board member
  • Poul Johan Steeskov appointed director
  • Poul Jørgen Jensen appointed board member
  • Eric Søe Rylberg appointed board member
  • Anna Jørgensen appointed board member
  • Benny Lammert Pieszak appointed board member
  • Peder Christian Andersen appointed deputy board member
  • Svend Thejsen appointed board member
  • Conny Ingelise Melgaard appointed deputy board member
  • Nils Frode Underhaug appointed board member
  • Nils Frode Underhaug appointed ceo
  • Claus Frank Hansen appointed deputy board member
  • Niels Stokholm Kristiansen appointed deputy board member
  • Børge Larsen appointed director
  • Henrik Loos Nielsen appointed board member
  • Audun Berg appointed board member
  • Knut Tore Bostad appointed board member

Related companies

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 23/10/2026.

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