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Maersk Air Cargo A/S

Public limited companyCVR 40854126København KActive

Maersk Air Cargo A/S is a public limited company, based in København K, active in freight air transport, founded in 2019. The company made a loss in both 2024 and 2025, most recently DKK 26.9m. Operations are spread over 3 production units in 3 towns. With 159 employees, the company is about 20 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 386.8m+36.8% vs. 2024
Net profit−DKK 26.9m+8.5% vs. 2024
EquityDKK 14.7m−64.3% vs. 2024
Employees159latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 22% (2024 → 2025), to DKK 65.4m.
  • Revenue rose 37% (2024 → 2025), to DKK 386.8m.
  • The loss got smaller: from DKK 29.4m to DKK 26.9m (2024 → 2025).
  • Equity fell 64% (2024 → 2025), to DKK 14.7m.

Employees

  • 19 fewer employees than a year earlier: 159 (07/2026) against 178 (07/2025).

Management and owners, last 24 months

  • New in management: Jacob Ramsgaard Nielsen (board member, 01/11/2024), Mette Christensen (chair of the board, 22/04/2025) and Christoph Hemmann (board member, 05/01/2026) (+4).
  • Stepped down: Johan Martin Mortensen (board member, 22/04/2025), Casper Munch (board member, 22/04/2025) and Aruna Hussain (chair of the board, 22/04/2025) (+5).
  • New owners registered: A/S Maersk Aviation Holding (10/02/2025).
  • No longer registered as owner: Star Air A/S (10/02/2025).

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 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
EquityNet profit
Financial figures for Maersk Air Cargo A/S
202020212022202320242025Change
Revenue0not stated166,924201,935282,795386,775+36.8%
Gross profit0–120,03638,63153,57565,370+22%
Operating profit (EBIT)0––−30,650−24,944−19,855+20.4%
Profit before tax0016,711−37,958−37,678−33,015+12.4%
Net profit009,151−29,728−29,395−26,899+8.5%
Total assets400240,041350,816472,945312,440−33.9%
Equity400109,35170,62341,22814,716−64.3%
Liabilities–0116,347261,265401,635254,358−36.7%
Cash and cash equivalents––151515150%
Average number of employees00116142151177+17.2%

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. Revenue is not stated for 2021: smaller companies may omit it, and we do not derive it from other figures.

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

DKK 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600m202020212022202320242025
Gross profitMedian, the industry (5 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 64% from 2024 to 2025 (DKK 41.2m to DKK 14.7m).

    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 Maersk Air Cargo A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202305/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202226/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202124/06/2022The companyPDFXBRL
202011/10/2019 – 31/12/202012/03/2021The companyPDF not statedXBRL

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

5 companies in the database

Comparison with the other companies in freight air transport based on the latest financial year.

Gross profitDKK 65.4mNo. 1 of 4
Better than 100% of the companies in the industry
EquityDKK 14.7mNo. 2 of 5
Better than 75% of the companies in the industry
Number of employees159No. 1 of 5
Better than 100% of the companies in the industry

Industry median: gross profit DKK 2.3m, net profit DKK 561k, equity DKK 957k, 8 employees.

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. 1,273of 4,412
Better than 71%
No. 2,524of 4,466
Better than 43%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 514of 33,588
Better than 98%
No. 2,877of 33,687
Better than 91%
All companies of type A/S18,025 companies in the comparison
No. 2,303of 17,786
Better than 87%
No. 7,303of 18,024
Better than 59%

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

Freight air transport
Gross profit
  1. Maersk Air Cargo A/SDKK 65.4m
  2. CargoNation ApSDKK 2.6m
  3. Hwf Denmark ApSDKK 1.9m
Net profit
  1. Maersk Air Cargo A/S−DKK 26.9m
  2. CargoNation ApSDKK 561k
  3. Hwf Denmark ApSDKK 593k
Equity
  1. Maersk Air Cargo A/SDKK 14.7m
  2. CargoNation ApSDKK 454k
  3. Hwf Denmark ApSDKK 957k
Employees
  1. Maersk Air Cargo A/S159
  2. CargoNation ApS3
  3. Hwf Denmark ApS9

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
  • A/S Maersk Aviation Holding100%
Maersk Air Cargo A/S

Management

4 active registrations

Executive management

Executive management at Maersk Air Cargo A/S
NameRoleAppointed
Lars JordahnDirector01/03/2024

Board of directors

Board of directors at Maersk Air Cargo A/S
NameRoleAppointed
Jacob Ramsgaard NielsenBoard member01/11/2024
Mette ChristensenChair of the board22/04/2025
Christoph HemmannBoard member05/01/2026
Founders
KR 332 ApS
Former management (21)
Former management at Maersk Air Cargo A/S
NameRoleAppointedResigned
Bent KemplarDirector11/10/201910/02/2022
Jacob Ramsgaard NielsenDirector10/02/202224/03/2022
Jacob Ramsgaard NielsenBoard member10/02/202224/03/2022
Mette ChristensenChair of the board10/02/202224/03/2022
Carsten Hviid-HansenBoard member10/02/202224/03/2022
Jakob Wegge-LarsenBoard member24/03/202201/11/2022
Torben BengtssonBoard member24/03/202217/08/2022
Casper MunchChair of the board24/03/202229/02/2024
Sean Stanley FitzgeraldBoard member24/03/202218/10/2022
Peter Slange CorfitsenCEO24/03/202201/03/2024
Michel Pozas LucicBoard member17/08/202215/04/2024
Jacob Ramsgaard NielsenBoard member01/11/202226/04/2023
Aruna HussainBoard member26/04/202329/02/2024
Johan Martin MortensenBoard member26/04/202322/04/2025
Casper MunchBoard member01/03/202422/04/2025
Aruna HussainChair of the board01/03/202422/04/2025
Murali Rajaa RajamaniBoard member15/04/202405/01/2026
Lars JordahnBoard member01/11/202422/04/2025
Mette ChristensenBoard member01/11/202421/04/2025
Ahmed HassanBoard member22/04/202505/01/2026
Yogesh AgarwalBoard member22/04/202505/01/2026

Signing rule: Selskabet tegnes af to medlemmer af bestyrelsen eller et medlem af bestyrelsen i forening med et medlem af direktionen.

Address and production units

3 active production units

Esplanaden 50
1263 København K

København Municipality · Postcode 1263

Other companies at the address (8)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Maersk Air Cargo A/SEsplanaden 50, 1263 København K1621025123561
Maersk Air Cargo A/SSundkrogsgade 7, 2100 København Ø1591030743519
Maersk Air Cargo A/SCargo Centervej 17B, 7190 Billund–1032019540

Purpose

Selskabets formål er at drive international luftfart samt anden hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

70 registered events
20265 changesaccounts 1 · management 4
  • Annual report for 2025 published
  • Christoph Hemmann appointed board member
  • Yogesh Agarwal stepped down as board member
  • Ahmed Hassan stepped down as board member
  • Murali Rajaa Rajamani stepped down as board member
202511 changesaccounts 1 · management 8 · ownership 2
  • Annual report for 2024 published
  • Yogesh Agarwal appointed board member
  • Mette Christensen appointed chair of the board
  • Ahmed Hassan appointed board member
  • Lars Jordahn stepped down as board member
  • Aruna Hussain stepped down as chair of the board
  • Casper Munch stepped down as board member
  • Johan Martin Mortensen stepped down as board member
  • Mette Christensen stepped down as board member
  • A/S MAERSK AVIATION HOLDING registered as owner (100%)
  • STAR AIR A/S is no longer registered as owner
202414 changesmanagement 11 · address 2 · accounts 1
  • Mette Christensen appointed board member
  • Jacob Ramsgaard Nielsen appointed board member
  • Lars Jordahn appointed board member
  • Moved to Esplanaden 50, 1263 København K
  • Annual report for 2023 published
  • Moved to Sundkrogsgade 9, 2100 København Ø
  • Murali Rajaa Rajamani appointed board member
  • Michel Pozas Lucic stepped down as board member
  • Aruna Hussain appointed chair of the board
  • Lars Jordahn appointed director
  • Casper Munch appointed board member
  • Peter Slange Corfitsen stepped down as ceo
  • Aruna Hussain stepped down as board member
  • Casper Munch stepped down as chair of the board
20234 changesaccounts 1 · management 3
  • Annual report for 2022 published
  • Aruna Hussain appointed board member
  • Johan Martin Mortensen appointed board member
  • Jacob Ramsgaard Nielsen stepped down as board member
202232 changesmanagement 19 · address 4 · accounts 1 · capital 2 · industry 1 · name 3 · ownership 2
  • Jacob Ramsgaard Nielsen appointed board member
  • Jakob Wegge-Larsen stepped down as board member
  • Sean Stanley Fitzgerald stepped down as board member
  • Michel Pozas Lucic appointed board member
  • Torben Bengtsson stepped down as board member
  • Moved to Lyngby Hovedgade 85, 2800 Kongens Lyngby
  • Annual report for 2021 published
  • Share capital changed from 400,000 DKK to 59,800,000 DKK
  • Moved to Kompasrosevej 6, 2791 Dragør
  • Industry changed to Freight air transport (512100)
  • Name changed from Phoenix IV A/S to Maersk Air Cargo A/S
  • Moved to Kompasrosevej 6, 2791 Dragør
  • Sean Stanley Fitzgerald appointed board member
  • Casper Munch appointed chair of the board
  • Torben Bengtsson appointed board member
  • Peter Slange Corfitsen appointed ceo
  • Jakob Wegge-Larsen appointed board member
  • Jacob Ramsgaard Nielsen stepped down as director
  • Carsten Hviid-Hansen stepped down as board member
  • Mette Christensen stepped down as chair of the board
  • Jacob Ramsgaard Nielsen stepped down as board member
  • Name changed from Phoenix IV ApS to Phoenix IV A/S
  • Share capital changed from 40,000 DKK to 400,000 DKK
  • Name changed from KR 1927 ApS to Phoenix IV ApS
  • Moved to Esplanaden 50, 1263 København K
  • Jacob Ramsgaard Nielsen appointed director
  • Carsten Hviid-Hansen appointed board member
  • Mette Christensen appointed chair of the board
  • Jacob Ramsgaard Nielsen appointed board member
  • Bent Kemplar stepped down as director
  • STAR AIR A/S registered as owner (100%)
  • KR 332 ApS is no longer registered as owner
20211 changeaccounts 1
  • Annual report for 2020 published
20193 changesfounded 1 · management 1 · ownership 1
  • Registered as KR 1927 ApS
  • Bent Kemplar appointed director
  • KR 332 ApS registered as owner (100%)

Related companies

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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction