SAS Cargo Group A/S
Public limited companyCVR 25736443KastrupActive
SAS Cargo Group A/S is a public limited company, based in Kastrup, active in freight air transport, founded in 2000. Net profit rose 525% from 2024 to 2025, ending at DKK 291.3m. With 59 employees, the company is about 7 times larger than the industry median. Equity grew to DKK 1.7bn in 2025.
Key figures · financial year 2025
RevenueDKK 1bn−5.7% vs. 2024
Net profitDKK 291.3m+524.7% vs. 2024
EquityDKK 1.7bn+21.3% vs. 2024
Employees59latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Revenue fell 6% (2024 → 2025), to DKK 1bn.
- Net profit rose 525% (2024 → 2025), to DKK 291.3m.
- Equity rose 21% (2024 → 2025), to DKK 1.7bn.
Employees
- 2 more employees than a year earlier: 59 (08/2026) against 57 (08/2025).
Management and owners, last 24 months
- New in management: Paulus Carolus Josephus Verhagen (chair of the board, 27/06/2025).
- Stepped down: Kjetil Håbjørg (chair of the board, 27/06/2025).
Registrations, last 24 months
- 09/02/2026: Moved to Kystvejen 2, 2770 Kastrup
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 930,572 | 1,217,211 | 1,658,842 | 1,237,205 | 1,099,160 | 1,036,480 | −5.7% |
| Gross profit | 930,572 | 1,217,211 | – | – | – | – | – |
| Operating profit (EBIT) | 36,947 | 234,989 | 433,558 | 171,546 | 34,730 | 160,963 | +363.5% |
| Profit before tax | 22,197 | 233,953 | 437,642 | 211,003 | 84,744 | 336,040 | +296.5% |
| Net profit | 12,363 | 182,110 | 339,916 | 149,984 | 46,637 | 291,349 | +524.7% |
| Total assets | 787,690 | 1,118,586 | 1,531,751 | 1,601,584 | 1,718,960 | 1,912,993 | +11.3% |
| Equity | 649,358 | 831,921 | 1,171,871 | 1,321,855 | 1,368,493 | 1,659,842 | +21.3% |
| Liabilities | 138,107 | 286,522 | 359,751 | 266,226 | 341,194 | 243,766 | −28.6% |
| Cash and cash equivalents | 1,021 | 1,055 | 0 | 78 | 1,257 | 5 | −99.6% |
| Average number of employees | 87 | 60 | 63 | 71 | 69 | 66 | −4.3% |
Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; 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
Signals from the financial statements
calculated from the 2025 figuresProfit 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/11/2024 – 31/10/2025 | 06/05/2026 | The group | PDF not statedXBRL |
| 2024 | 01/11/2023 – 31/10/2024 | 02/04/2025 | The group | PDF not statedXBRL |
| 2023 | 01/11/2022 – 31/10/2023 | 03/04/2024 | The group | PDF not statedXBRL |
| 2022 | 01/11/2021 – 31/10/2022 | 08/05/2023 | The group | PDFXBRL |
| 2021 | 01/11/2020 – 31/10/2021 | 08/02/2022 | The company | PDFXBRL |
| 2020 | 01/11/2019 – 31/10/2020 | 11/03/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
5 companies in the databaseComparison with the other companies in freight air transport based on the latest financial year.
EquityDKK 1.7bnNo. 1 of 5
Better than 100% of the companies in the industry
Number of employees59No. 2 of 5
Better than 75% 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| Group | Gross profit | Equity |
|---|---|---|
| Companies with 50–199 employees4,467 companies in the comparison | not stated | No. 57of 4,466 Better than 99% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | not stated | No. 133of 24,909 Better than 99% |
| All companies of type A/S18,025 companies in the comparison | not stated | No. 269of 18,024 Better than 99% |
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 transportGross profit
- SAS Cargo Group A/SDKK 1.2bn
- Maersk Air Cargo A/SDKK 65.4m
- CargoNation ApSDKK 2.6m
Net profit
- SAS Cargo Group A/SDKK 291.3m
- Maersk Air Cargo A/S−DKK 26.9m
- CargoNation ApSDKK 561k
Equity
- SAS Cargo Group A/SDKK 1.7bn
- Maersk Air Cargo A/SDKK 14.7m
- CargoNation ApSDKK 454k
Employees
- SAS Cargo Group A/S59
- Maersk Air Cargo A/S159
- CargoNation ApS3
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- SAS Ab100%
SAS Cargo Group A/S
Management
7 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Thor Johan Markus Ek | CEO | 01/08/2023 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Uffe Mygind Krempel | Board member | 10/09/2020 |
| Johnny Brøndum Hansen | Board member | 26/04/2023 |
| Michael Beck | Board member | 26/04/2023 |
| Jacek Michal Rosik | Deputy board member | 26/04/2023 |
| Pernille Ormholt Vang | Board member | 15/02/2024 |
| Paulus Carolus Josephus Verhagen | Chair of the board | 27/06/2025 |
- Auditor
- KPMG P/S
- Founders
- ApS KBUS 38 nr.3117
Former management (63)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Kim Madsen | Chair of the board | 15/11/2000 | 30/03/2001 |
| Peter Andreas Stakemann | Board member | 15/11/2000 | 30/03/2001 |
| Peter Andreas Stakemann | Director | 15/11/2000 | 30/03/2001 |
| Annemette Heller | Board member | 15/11/2000 | 30/03/2001 |
| Peter Erik Grønlund | Director | 30/03/2001 | 30/04/2004 |
| Jørgen Erik Geisler | Deputy chair | 30/03/2001 | 31/05/2001 |
| Vagn Ove Sørensen | Deputy chair | 31/05/2001 | 07/08/2001 |
| Marie Elisabeth Ehrling | Deputy chair | 31/05/2001 | 26/10/2001 |
| Erik Harald Lautmann | Board member | 31/05/2001 | 04/11/2002 |
| Bernhard Andre Rikardsen | Board member | 07/08/2001 | 08/01/2007 |
| Jørgen Lindegaard | Board member | 22/04/2002 | 27/01/2003 |
| John Staunsbjerg Dueholm | Chair of the board | 27/11/2002 | 02/01/2006 |
| Michael Vedel Visby | Board member | 01/01/2003 | 01/02/2007 |
| Sven Krogstrup | Board member | 27/01/2003 | 01/11/2007 |
| Hans-Henrik Hedegaard | Board member | 27/01/2003 | 08/09/2009 |
| Ragnar Hugo Wilton | Board member | 27/01/2003 | 01/11/2007 |
| hans Göran Lindh | Board member | 27/01/2003 | 16/04/2010 |
| Johnny Svela | Board member | 27/01/2003 | 01/08/2007 |
| Roberto Giuseppe Balzano | Deputy board member | 27/01/2003 | 16/04/2010 |
| Johan Martin Marsøe | Deputy board member | 27/01/2003 | 01/08/2007 |
| Lars Åke Lindgren | Board member | 10/09/2003 | 31/08/2006 |
| Kenneth Evan Marx | CEO | 01/05/2004 | 17/08/2009 |
| Peter Erik Grønlund | Board member | 06/05/2004 | 26/05/2005 |
| Ulf Håkan Ericson | Chair of the board | 02/01/2006 | 31/08/2006 |
| Gunnar Reitan | Chair of the board | 01/09/2006 | 01/08/2007 |
| Morten Jørn Larsen | Board member | 01/02/2007 | 16/04/2010 |
| Gunnar Holm | Board member | 30/05/2007 | 16/04/2010 |
| Erik Olof Berggren Lindberg | Board member | 01/11/2007 | 15/12/2012 |
| Karl Hugo Sandlund | Board member | 01/11/2007 | 28/02/2014 |
| Leif Christian Rasmussen | CEO | 17/08/2009 | 31/12/2020 |
| Carl Tomas Ekroth | Board member | 08/09/2009 | 21/01/2013 |
| Jan Henrik Jaqué | Board member | 16/04/2010 | 09/09/2011 |
| Hans-Erik Bakkland | Board member | 16/04/2010 | 29/10/2020 |
| Bjørn Grønlund | Board member | 09/09/2011 | 28/11/2019 |
| Mike Møllebjerg Ovesen | Deputy board member | 09/09/2011 | 28/11/2019 |
| Tommy Nilsson | Board member | 01/08/2012 | 15/09/2014 |
| Francis Georg Becht | Board member | 01/08/2012 | 01/11/2012 |
| Karl Robin Joakim Landholm | Chair of the board | 01/11/2012 | 01/05/2015 |
| Bo Benny Helge Zakrisson | Board member | 01/11/2012 | 21/03/2013 |
| Sanne Weidner | Board member | 15/12/2012 | 16/08/2013 |
| Kjetil Grønevik | Board member | 21/01/2013 | 15/06/2016 |
| Jens Flemming Jensen | Board member | 21/03/2013 | 01/05/2015 |
| Mürvet Sahin | Board member | 16/08/2013 | 06/03/2020 |
| Johan Henrik Tobias Jönsson | Board member | 28/02/2014 | 14/02/2017 |
| Karl Hugo Sandlund | Chair of the board | 01/05/2015 | 01/11/2015 |
| Kjetil Håbjørg | Board member | 01/05/2015 | 01/09/2016 |
| Eivind Roald | Chair of the board | 01/11/2015 | 14/02/2017 |
| Simon Pauck Hansen | Board member | 15/06/2016 | 01/12/2017 |
| Johan Henrik Tobias Jönsson | Chair of the board | 15/02/2017 | 01/12/2017 |
| Eivind Roald | Board member | 15/02/2017 | 01/12/2017 |
| Lars Sandahl Sørensen | Chair of the board | 01/12/2017 | 20/07/2019 |
| Thomas Arne Fischer | Board member | 01/12/2017 | 09/09/2021 |
| Mattias Forsberg | Board member | 20/12/2017 | 19/07/2019 |
| Mattias Forsberg | Chair of the board | 20/07/2019 | 01/10/2019 |
| Martin Forsberg | Board member | 01/10/2019 | 01/10/2019 |
| Hans Olof Mattias Forsberg | Board member | 01/10/2019 | 01/02/2020 |
| Kjetil Håbjørg | Chair of the board | 01/10/2019 | 27/06/2025 |
| Vibeke Haans | Board member | 28/11/2019 | 25/01/2023 |
| Ian Andrew Flett | Deputy board member | 28/11/2019 | 02/06/2022 |
| Birgitte Charlotte Maria Svensson | Board member | 01/02/2020 | 15/02/2024 |
| Borislava Ognianova Hristova | Board member | 23/11/2020 | 31/10/2022 |
| Max Daniel Per Stenborg Knagge | CEO | 01/01/2021 | 25/01/2023 |
| Vibeke Haans | CEO | 25/01/2023 | 01/08/2023 |
Signing rule: Selskabet tegnes af formanden og et andet bestyrelsesmedlem i forening eller af et bestyrelsesmedlem og en direktør i forening.
Address and production units
1 active production unitsKystvejen 2
2770 Kastrup
Tårnby Municipality · Postcode 2770
Other companies at the address (3)
- SAS Ground Handling Denmark A/SService activities incidental to air transportation
- SAS Connect Crew Services A/SActivities of employment placement agencies
- SAS Link Crew Services A/SActivities of employment placement agencies
| Production unit | Address | Employees | P number |
|---|---|---|---|
| SAS Cargo Group A/S | Kystvejen 2, 2770 Kastrup | 59 | 1008047886 |
Purpose
Selskabets formål er at udvikle, tilbyde og udføre luftfragt-, landfragt-, kurer- og tilsvarende tjenester på global basis; at udøve kommerciel luftfart og anden virksomhed i tilknytning dertil; at eje, besidde, leje, drive og sælge både materielle og immaterielle rettigheder såvel som fast ejendom samt endvidere at udføre andre aktiviteter som efter bestyrelsens opfattelse er forbundet dermed.
The purpose is quoted from the register in Danish.
Changes year by year
133 registered events62015
32016
102017
22018
122019
72020
32021
42022
92023
32024
32025
22026
20262 changesaccounts 1 · address 1
- AccountsAnnual report for 2025 published
- AddressMoved to Kystvejen 2, 2770 Kastrup
20253 changesmanagement 2 · accounts 1
- ManagementPaulus Carolus Josephus Verhagen appointed chair of the board
- ManagementKjetil Håbjørg stepped down as chair of the board
- AccountsAnnual report for 2024 published
20243 changesaccounts 1 · management 2
- AccountsAnnual report for 2023 published
- ManagementPernille Ormholt Vang appointed board member
- ManagementBirgitte Charlotte Maria Svensson stepped down as board member
20239 changesmanagement 8 · accounts 1
- ManagementThor Johan Markus Ek appointed ceo
- ManagementVibeke Haans stepped down as ceo
- AccountsAnnual report for 2022 published
- ManagementJohnny Brøndum Hansen appointed board member
- ManagementJacek Michal Rosik appointed deputy board member
- ManagementMichael Beck appointed board member
- ManagementVibeke Haans appointed ceo
- ManagementMax Daniel Per Stenborg Knagge stepped down as ceo
- ManagementVibeke Haans stepped down as board member
20224 changesmanagement 2 · address 1 · accounts 1
- ManagementBorislava Ognianova Hristova stepped down as board member
- AddressMoved to Amager Strandvej 392, 2770 Kastrup
- ManagementIan Andrew Flett stepped down as deputy board member
- AccountsAnnual report for 2021 published
20213 changesmanagement 2 · accounts 1
- ManagementThomas Arne Fischer stepped down as board member
- AccountsAnnual report for 2020 published
- ManagementMax Daniel Per Stenborg Knagge appointed ceo
20207 changesmanagement 7
- ManagementLeif Christian Rasmussen stepped down as ceo
- ManagementBorislava Ognianova Hristova appointed board member
- ManagementHans-Erik Bakkland stepped down as board member
- ManagementUffe Mygind Krempel appointed board member
- ManagementMürvet Sahin stepped down as board member
- ManagementBirgitte Charlotte Maria Svensson appointed board member
- ManagementHans Olof Mattias Forsberg stepped down as board member
201912 changesmanagement 12
- ManagementIan Andrew Flett appointed deputy board member
- ManagementVibeke Haans appointed board member
- ManagementMike Møllebjerg Ovesen stepped down as deputy board member
- ManagementBjørn Grønlund stepped down as board member
- ManagementHans Olof Mattias Forsberg appointed board member
- ManagementKjetil Håbjørg appointed chair of the board
- ManagementMartin Forsberg appointed board member
- ManagementMartin Forsberg stepped down as board member
- ManagementMattias Forsberg stepped down as chair of the board
- ManagementMattias Forsberg appointed chair of the board
- ManagementLars Sandahl Sørensen stepped down as chair of the board
- ManagementMattias Forsberg stepped down as board member
20182 changesaddress 2
- AddressMoved to Kystvejen 40, 2770 Kastrup
- AddressMoved to Kystvejen 40, 2770 Kastrup
201710 changesmanagement 10
- ManagementMattias Forsberg appointed board member
- ManagementThomas Arne Fischer appointed board member
- ManagementLars Sandahl Sørensen appointed chair of the board
- ManagementEivind Roald stepped down as board member
- ManagementJohan Henrik Tobias Jönsson stepped down as chair of the board
- ManagementSimon Pauck Hansen stepped down as board member
- ManagementEivind Roald appointed board member
- ManagementJohan Henrik Tobias Jönsson appointed chair of the board
- ManagementEivind Roald stepped down as chair of the board
- ManagementJohan Henrik Tobias Jönsson stepped down as board member
20163 changesmanagement 3
- ManagementKjetil Håbjørg stepped down as board member
- ManagementSimon Pauck Hansen appointed board member
- ManagementKjetil Grønevik stepped down as board member
20156 changesmanagement 6
- ManagementEivind Roald appointed chair of the board
- ManagementKarl Hugo Sandlund stepped down as chair of the board
- ManagementKarl Hugo Sandlund appointed chair of the board
- ManagementKjetil Håbjørg appointed board member
- ManagementJens Flemming Jensen stepped down as board member
- ManagementKarl Robin Joakim Landholm stepped down as chair of the board
20143 changesmanagement 3
- ManagementTommy Nilsson stepped down as board member
- ManagementJohan Henrik Tobias Jönsson appointed board member
- ManagementKarl Hugo Sandlund stepped down as board member
20137 changesmanagement 6 · ownership 1
- ManagementMürvet Sahin appointed board member
- ManagementSanne Weidner stepped down as board member
- OwnershipSAS AB registered as owner (100%)
- ManagementJens Flemming Jensen appointed board member
- ManagementBo Benny Helge Zakrisson stepped down as board member
- ManagementKjetil Grønevik appointed board member
- ManagementCarl Tomas Ekroth stepped down as board member
20127 changesmanagement 7
- ManagementSanne Weidner appointed board member
- ManagementErik Olof Berggren Lindberg stepped down as board member
- ManagementBo Benny Helge Zakrisson appointed board member
- ManagementKarl Robin Joakim Landholm appointed chair of the board
- ManagementFrancis Georg Becht stepped down as board member
- ManagementTommy Nilsson appointed board member
- ManagementFrancis Georg Becht appointed board member
20113 changesmanagement 3
- ManagementMike Møllebjerg Ovesen appointed deputy board member
- ManagementBjørn Grønlund appointed board member
- ManagementJan Henrik Jaqué stepped down as board member
20107 changesaddress 1 · management 6
- AddressMoved to Kystvejen 40, 2770 Kastrup
- ManagementHans-Erik Bakkland appointed board member
- ManagementJan Henrik Jaqué appointed board member
- ManagementGunnar Holm stepped down as board member
- ManagementMorten Jørn Larsen stepped down as board member
- ManagementRoberto Giuseppe Balzano stepped down as deputy board member
- Managementhans Göran Lindh stepped down as board member
20095 changesmanagement 4 · capital 1
- ManagementCarl Tomas Ekroth appointed board member
- ManagementHans-Henrik Hedegaard stepped down as board member
- ManagementLeif Christian Rasmussen appointed ceo
- ManagementKenneth Evan Marx stepped down as ceo
- CapitalShare capital changed from 60,000,000 DKK to 61,000,000 DKK
20082 changescapital 1 · industry 1
- CapitalShare capital changed from 50,000,000 DKK to 60,000,000 DKK
- IndustryIndustry changed to Freight air transport (512100)
200710 changesmanagement 10
- ManagementErik Olof Berggren Lindberg appointed board member
- ManagementKarl Hugo Sandlund appointed board member
- ManagementRagnar Hugo Wilton stepped down as board member
- ManagementSven Krogstrup stepped down as board member
- ManagementGunnar Reitan stepped down as chair of the board
- ManagementJohan Martin Marsøe stepped down as deputy board member
- ManagementJohnny Svela stepped down as board member
- ManagementGunnar Holm appointed board member
- ManagementMorten Jørn Larsen appointed board member
- ManagementMichael Vedel Visby stepped down as board member
20065 changesmanagement 5
- ManagementGunnar Reitan appointed chair of the board
- ManagementUlf Håkan Ericson stepped down as chair of the board
- ManagementLars Åke Lindgren stepped down as board member
- ManagementUlf Håkan Ericson appointed chair of the board
- ManagementJohn Staunsbjerg Dueholm stepped down as chair of the board
20051 changemanagement 1
- ManagementPeter Erik Grønlund stepped down as board member
20042 changesmanagement 2
- ManagementPeter Erik Grønlund appointed board member
- ManagementKenneth Evan Marx appointed ceo
200310 changesmanagement 10
- ManagementLars Åke Lindgren appointed board member
- ManagementRoberto Giuseppe Balzano appointed deputy board member
- ManagementJohan Martin Marsøe appointed deputy board member
- ManagementJohnny Svela appointed board member
- Managementhans Göran Lindh appointed board member
- ManagementRagnar Hugo Wilton appointed board member
- ManagementHans-Henrik Hedegaard appointed board member
- ManagementSven Krogstrup appointed board member
- ManagementJørgen Lindegaard stepped down as board member
- ManagementMichael Vedel Visby appointed board member
20022 changesmanagement 2
- ManagementJohn Staunsbjerg Dueholm appointed chair of the board
- ManagementJørgen Lindegaard appointed board member
20014 changesaddress 2 · capital 1 · name 1
- AddressMoved to Petersdalvej 1, 2770 Kastrup
- CapitalShare capital changed from 500,000 DKK to 50,000,000 DKK
- NameName changed from A/S PSE 17 NR. 1183 to SAS CARGO GROUP A/S
- AddressMoved to Hedegaardsvej 88,
20001 changefounded 1
- FoundedRegistered as A/S PSE 17 NR. 1183
Related companies
Same people in management
- ISS Facility Services A/Svia Erik Tronborg Andersen
- Falck Danmark A/Svia Erik Tronborg Andersen
- Tryg Forsikring A/Svia Kim Madsen
- Københavns Lufthavne A/Svia Lars Sandahl Sørensen
- Bravida Danmark A/Svia Sven Krogstrup
- Bauhaus Danmark A/Svia Erik Tronborg Andersen
Largest in the industry
- Maersk Air Cargo A/SDKK 65.4m
- CargoNation ApSDKK 2.6m
- Hwf Denmark ApSDKK 1.9m
- OnlineCargo ApSDKK 1.4m
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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.