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Sandoz A/S

Public limited companyCVR 27744532København SActive

Sandoz A/S is a public limited company, based in København S, active in wholesale of pharmaceutical goods and nursing supplies, founded in 2004. Net profit rose 77% from 2024 to 2025, ending at DKK 85.2m. Measured by gross profit, it ranks no. 6 of 232 companies in the industry in the database. With 118 employees, the company is about 13 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 2.5bn−0.3% vs. 2024
Net profitDKK 85.2m+77.3% vs. 2024
EquityDKK 662.8m+14.7% vs. 2024
Employees118latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 8% (2024 → 2025), to DKK 260.2m.
  • Net profit rose 77% (2024 → 2025), to DKK 85.2m.
  • Equity rose 15% (2024 → 2025), to DKK 662.8m.

Management and owners, last 24 months

  • New in management: Diane Marie DiGangi (chair of the board, 15/01/2025), Lawrence Edward Mead (ceo, 14/05/2025) and Lawrence Edward Mead (board member, 16/06/2025) (+2).
  • Stepped down: Carsten Gleerup (ceo, 01/01/2025), Carsten Gleerup (board member, 15/01/2025) and Aljoscha Boris Patrick Stroh (deputy board member, 15/01/2025) (+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 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600mDKK 700m202020212022202320242025
EquityNet profit
Financial figures for Sandoz A/S
202020212022202320242025Change
Revenue2,130,5132,011,9172,163,9372,291,8322,523,0292,515,342−0.3%
Gross profit199,435219,994230,610233,628240,645260,170+8.1%
Operating profit (EBIT)68,94275,57483,48384,50372,08993,431+29.6%
Profit before tax67,41376,33255,24388,61559,285100,352+69.3%
Net profit89,42358,02342,92068,52148,04785,168+77.3%
Total assets1,230,7011,015,6891,174,0381,443,7021,535,7401,521,347−0.9%
Equity360,113418,136461,056529,577577,624662,792+14.7%
Liabilities597,170368,571512,095675,168681,661569,253−16.5%
Average number of employees100104106149141137−2.8%

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 50mDKK 100mDKK 150mDKK 200mDKK 250m202020212022202320242025
Gross profitMedian, the industry (232 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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 Sandoz A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202525/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202415/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202314/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202211/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202130/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202016/06/2021The 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
02040608010012014009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

232 companies in the database

Comparison with the other companies in wholesale of pharmaceutical goods and nursing supplies based on the latest financial year.

Gross profitDKK 260.2mNo. 6 of 232
Better than 98% of the companies in the industry
EquityDKK 662.8mNo. 4 of 232
Better than 99% of the companies in the industry
Number of employees118No. 14 of 232
Better than 94% of the companies in the industry

Industry median: gross profit DKK 11.2m, net profit DKK 1.8m, equity DKK 9.6m, 9 employees.

DKK 100kDKK 1.4mDKK 19.1mDKK 263.2mDKK 1.5bnHere
Distribution of gross profit for 225 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. 114of 4,412
Better than 97%
No. 115of 4,466
Better than 97%
Same industry and 50–199 employees30 companies in the comparison
No. 3of 30
Better than 93%
No. 2of 30
Better than 97%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 236of 24,791
Better than 99%
No. 300of 24,909
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 596of 17,786
Better than 97%
No. 563of 18,024
Better than 97%

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

Wholesale of pharmaceutical goods and nursing supplies
Gross profit
  1. Sandoz A/SDKK 260.2m
  2. Ambu A/SDKK 3.6bn
  3. Stada Nordic ApSDKK 687m
Net profit
  1. Sandoz A/SDKK 85.2m
  2. Ambu A/SDKK 609m
  3. Stada Nordic ApSDKK 54.6m
Equity
  1. Sandoz A/SDKK 662.8m
  2. Ambu A/SDKK 6bn
  3. Stada Nordic ApSDKK 346.3m
Employees
  1. Sandoz A/S118
  2. Ambu A/S619
  3. Stada Nordic ApS51

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
  • Sandoz AG100%
Sandoz A/S

Management

4 active registrations

Executive management

Executive management at Sandoz A/S
NameRoleAppointed
Lawrence Edward MeadCEO14/05/2025

Board of directors

Board of directors at Sandoz A/S
NameRoleAppointed
Nete BrændgaardBoard member13/01/2023
Diane Marie DiGangiChair of the board15/01/2025
Lawrence Edward MeadBoard member16/06/2025
Auditor
KPMG P/S
Former management (38)
Former management at Sandoz A/S
NameRoleAppointedResigned
Jens Piilgaard NielsenBoard member17/05/200430/06/2004
Jens Piilgaard NielsenDirector17/05/200420/04/2007
Carit Jacques AndersenBoard member17/05/200430/06/2004
Lone AagaardChair of the board23/06/200430/06/2004
Alexander David HardyBoard member30/06/200425/05/2005
Jan Oluf ErikssonChair of the board30/06/200425/05/2005
Jean-Claude DubosBoard member30/06/200430/07/2012
Hubert HirzingerBoard member30/06/200402/11/2005
Hari Sven Venkita Ayer KrishnanBoard member25/05/200502/11/2005
Christopher Lewis KaplanChair of the board25/05/200514/03/2006
Hari Sven Venkita Ayer KrishnanBoard member02/11/200514/03/2006
Andreas StrüngmannBoard member02/11/200514/03/2006
Håkan JosephsonDirector20/04/200730/10/2007
Olof Johannes MilvedenDirector30/10/200720/05/2009
Ken RasmussenBoard member30/03/200921/06/2011
Eric GorkaChair of the board30/03/200931/12/2010
Thomas WeigoldBoard member30/03/200921/06/2011
Ken RasmussenDirector20/05/200905/11/2012
Nicholas Robert HaggarChair of the board03/01/201131/08/2015
Niklas Olof KarlbergBoard member21/06/201110/05/2019
Sue Ann WebbBoard member30/07/201230/11/2015
Paul GeymayerCEO05/11/201206/01/2014
Rex Bernard ClementsCEO06/01/201411/05/2015
Alexander KrujatzCEO11/05/201501/11/2018
Pierluigi AntonelliChair of the board31/08/201531/10/2018
Knut Ulrich MagerBoard member30/11/201530/09/2019
Francesco BalestrieriChair of the board31/10/201830/09/2019
Carsten GleerupCEO01/11/201801/01/2025
Judith Louise LoveBoard member10/05/201930/05/2022
Carsten GleerupBoard member30/09/201915/01/2025
Martin BischofChair of the board30/09/201930/09/2020
Rebecca Flückiger GunternChair of the board30/09/202019/09/2024
Nete BrændgaardDeputy board member30/05/202212/01/2023
Adri Mussolini SimamoraBoard member30/05/202213/01/2023
Aljoscha Boris Patrick StrohDeputy board member13/01/202315/01/2025
Christophe DelentaChair of the board19/09/202415/01/2025
Kerstin Elisabeth JarvhedenCEO01/01/202514/05/2025
Kerstin Elisabeth JarvhedenBoard member15/01/202516/06/2025

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller af en direktør i forening med et bestyrelsesmedlem.

Address and production units

1 active production units

Edvard Thomsens Vej 14
2300 København S

København Municipality · Postcode 2300

Production units
Production unitAddressEmployeesP number
SANDOZ A/SEdvard Thomsens Vej 14, 1, 2300 København S1181003151627

Purpose

Selskabets formål er at drive handel, industri og finansiering samt anden dermed beslægtet virksomhed, herunder at drive virksomhed gennem datterselskaber.

The purpose is quoted from the register in Danish.

Changes year by year

99 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
202512 changesmanagement 11 · accounts 1
  • Lawrence Edward Mead appointed board member
  • Kerstin Elisabeth Jarvheden stepped down as board member
  • Annual report for 2024 published
  • Lawrence Edward Mead appointed ceo
  • Kerstin Elisabeth Jarvheden stepped down as ceo
  • Diane Marie DiGangi appointed chair of the board
  • Kerstin Elisabeth Jarvheden appointed board member
  • Christophe Delenta stepped down as chair of the board
  • Aljoscha Boris Patrick Stroh stepped down as deputy board member
  • Carsten Gleerup stepped down as board member
  • Kerstin Elisabeth Jarvheden appointed ceo
  • Carsten Gleerup stepped down as ceo
20243 changesmanagement 2 · accounts 1
  • Christophe Delenta appointed chair of the board
  • Rebecca Flückiger Guntern stepped down as chair of the board
  • Annual report for 2023 published
20237 changesaccounts 1 · ownership 2 · management 4
  • Annual report for 2022 published
  • Sandoz AG registered as owner (100%)
  • NOVARTIS HEALTHCARE A/S is no longer registered as owner
  • Nete Brændgaard appointed board member
  • Aljoscha Boris Patrick Stroh appointed deputy board member
  • Adri Mussolini Simamora stepped down as board member
  • Nete Brændgaard stepped down as deputy board member
20224 changesaccounts 1 · management 3
  • Annual report for 2021 published
  • Nete Brændgaard appointed deputy board member
  • Adri Mussolini Simamora appointed board member
  • Judith Louise Love stepped down as board member
20211 changeaccounts 1
  • Annual report for 2020 published
20202 changesmanagement 2
  • Rebecca Flückiger Guntern appointed chair of the board
  • Martin Bischof stepped down as chair of the board
20196 changesmanagement 6
  • Carsten Gleerup appointed board member
  • Martin Bischof appointed chair of the board
  • Francesco Balestrieri stepped down as chair of the board
  • Knut Ulrich Mager stepped down as board member
  • Judith Louise Love appointed board member
  • Niklas Olof Karlberg stepped down as board member
20184 changesmanagement 4
  • Carsten Gleerup appointed ceo
  • Alexander Krujatz stepped down as ceo
  • Francesco Balestrieri appointed chair of the board
  • Pierluigi Antonelli stepped down as chair of the board
20156 changesmanagement 6
  • Knut Ulrich Mager appointed board member
  • Sue Ann Webb stepped down as board member
  • Pierluigi Antonelli appointed chair of the board
  • Nicholas Robert Haggar stepped down as chair of the board
  • Alexander Krujatz appointed ceo
  • Rex Bernard Clements stepped down as ceo
20142 changesmanagement 2
  • Rex Bernard Clements appointed ceo
  • Paul Geymayer stepped down as ceo
20125 changesmanagement 4 · address 1
  • Paul Geymayer appointed ceo
  • Ken Rasmussen stepped down as director
  • Sue Ann Webb appointed board member
  • Jean-Claude Dubos stepped down as board member
  • Moved to Edvard Thomsens Vej 14, 1, 2300 København S
20114 changesmanagement 4
  • Niklas Olof Karlberg appointed board member
  • Ken Rasmussen stepped down as board member
  • Thomas Weigold stepped down as board member
  • Nicholas Robert Haggar appointed chair of the board
20101 changemanagement 1
  • Eric Gorka stepped down as chair of the board
20097 changescapital 1 · management 5 · address 1
  • Share capital changed from 10,000,000 DKK to 12,000,000 DKK
  • Ken Rasmussen appointed director
  • Olof Johannes Milveden stepped down as director
  • Ken Rasmussen appointed board member
  • Thomas Weigold appointed board member
  • Eric Gorka appointed chair of the board
  • Moved to Edvard Thomsens Vej 14, 7, 2300 København S
20081 changeindustry 1
  • Industry changed to Wholesale of pharmaceutical goods and nursing supplies (464610)
20076 changescapital 1 · management 4 · industry 1
  • Share capital changed from 7,985,000 DKK to 10,000,000 DKK
  • Olof Johannes Milveden appointed director
  • Håkan Josephson stepped down as director
  • Industry changed to Pakkerier mv. (748200)
  • Håkan Josephson appointed director
  • Jens Piilgaard Nielsen stepped down as director
20065 changescapital 1 · merger 1 · management 3
  • Share capital changed from 5,000,000 DKK to 7,985,000 DKK
  • Merger registered in CVR
  • Andreas Strüngmann stepped down as board member
  • Hari Sven Venkita Ayer Krishnan stepped down as board member
  • Christopher Lewis Kaplan stepped down as chair of the board
20058 changesmanagement 8
  • Andreas Strüngmann appointed board member
  • Hari Sven Venkita Ayer Krishnan appointed board member
  • Hari Sven Venkita Ayer Krishnan stepped down as board member
  • Hubert Hirzinger stepped down as board member
  • Christopher Lewis Kaplan appointed chair of the board
  • Hari Sven Venkita Ayer Krishnan appointed board member
  • Alexander David Hardy stepped down as board member
  • Jan Oluf Eriksson stepped down as chair of the board
200414 changesname 1 · management 11 · ownership 1 · founded 1
  • Name changed from DURASCAN MEDICAL PRODUCTS A/S to SANDOZ A/S
  • Alexander David Hardy appointed board member
  • Hubert Hirzinger appointed board member
  • Jean-Claude Dubos appointed board member
  • Jan Oluf Eriksson appointed chair of the board
  • Lone Aagaard stepped down as chair of the board
  • Carit Jacques Andersen stepped down as board member
  • Jens Piilgaard Nielsen stepped down as board member
  • NOVARTIS HEALTHCARE A/S registered as owner (100%)
  • Lone Aagaard appointed chair of the board
  • Registered as DURASCAN MEDICAL PRODUCTS A/S
  • Jens Piilgaard Nielsen appointed director
  • Carit Jacques Andersen appointed board member
  • Jens Piilgaard Nielsen appointed board member

Related companies

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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