Terma A/S
Public limited companyCVR 41881828LystrupActive
Terma A/S is a public limited company, based in Lystrup, active in manufacture of instruments and appliances for measuring, testing and navigation, founded in 1949. Net profit rose 7% from 2025 to 2026, ending at DKK 238.2m. Measured by gross profit, it ranks no. 4 of 140 companies in the industry in the database. Profit has grown three years in a row.
Key figures · financial year 2026
RevenueDKK 3.4bn+17.3% vs. 2025
Net profitDKK 238.2m+7.2% vs. 2025
EquityDKK 1.9bn+3.2% vs. 2025
Employees1,444latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2026 against 2025
- Gross profit rose 17% (2025 → 2026), to DKK 864.2m.
- Revenue rose 17% (2025 → 2026), to DKK 3.4bn.
- Net profit rose 7% (2025 → 2026), to DKK 238.2m.
- Equity rose 3% (2025 → 2026), to DKK 1.9bn.
Employees
- 320 more employees than a year earlier: 1,444 (07/2026) against 1,124 (07/2025).
Management and owners, last 24 months
- New in management: Anders Christian Schelde (board member, 11/11/2024), Klaus Holse (deputy chair, 26/05/2025) and Gustaf Sloth Nørgaard (deputy board member, 26/05/2025) (+4).
- Stepped down: Jørgen Huno Rasmussen (deputy chair, 26/05/2025), Steen Michael Lynenskjold (director, 18/12/2024) and Martin Anders Hedegaard (deputy board member, 26/05/2025) (+4).
- New owners registered: Thrige Holding A/S (11/11/2024) and ATP Langsigtet Dansk Kapital K/S (11/11/2024).
- No longer registered as owner: Thrige Holding A/S (10/11/2024).
Registrations, last 24 months
- 01/01/2025: Industry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)
- 11/11/2024: Share capital changed from 18,000,000 DKK to 20,002,222 DKK
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 2021–2026 · amounts in DKK thousandEquity and net profit
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 2,070,020 | 2,194,682 | 2,258,464 | 2,632,924 | 2,882,937 | 3,380,851 | +17.3% |
| Gross profit | 432,140 | 468,884 | 513,389 | 602,572 | 740,296 | 864,152 | +16.7% |
| Operating profit (EBIT) | 170,109 | 186,881 | 191,940 | 233,035 | 304,796 | 345,496 | +13.4% |
| Profit before tax | 137,318 | 154,926 | 170,822 | 206,426 | 292,937 | 309,106 | +5.5% |
| Net profit | 115,597 | 126,715 | 138,564 | 154,946 | 222,258 | 238,214 | +7.2% |
| Total assets | 2,549,056 | 2,511,501 | 2,668,462 | 3,006,064 | 4,102,758 | 5,348,361 | +30.4% |
| Equity | 730,798 | 744,345 | 898,159 | 1,046,491 | 1,888,824 | 1,949,428 | +3.2% |
| Liabilities | 1,639,489 | 1,579,243 | 1,593,824 | 1,764,553 | 2,022,699 | 3,140,292 | +55.3% |
| Cash and cash equivalents | 133,740 | 172,292 | 249,938 | 269,738 | 1,094,636 | 694,506 | −36.6% |
| Average number of employees | 1,653 | 1,648 | 1,599 | 1,704 | 1,818 | 2,099 | +15.5% |
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 2026 figuresProfit for five years in a row
Net result has been positive in 2022–2026.
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 |
|---|---|---|---|---|
| 2026 | 01/03/2025 – 28/02/2026 | 11/06/2026 | The group | PDF not statedXBRL |
| 2025 | 01/03/2024 – 28/02/2025 | 06/06/2025 | The group | PDF not statedXBRL |
| 2024 | 01/03/2023 – 29/02/2024 | 21/06/2024 | The group | PDF not statedXBRL |
| 2023 | 01/03/2022 – 28/02/2023 | 08/06/2023 | The group | PDFXBRL |
| 2022 | 01/03/2021 – 28/02/2022 | 03/06/2022 | The group | PDFXBRL |
| 2021 | 01/03/2020 – 28/02/2021 | 18/06/2021 | The group | 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
140 companies in the databaseComparison with the other companies in manufacture of instruments and appliances for measuring, testing and navigation based on the latest financial year.
Gross profitDKK 864.2mNo. 4 of 140
Better than 98% of the companies in the industry
EquityDKK 1.9bnNo. 2 of 140
Better than 99% of the companies in the industry
Number of employees1,444No. 2 of 140
Better than 99% of the companies in the industry
Industry median: gross profit DKK 5.6m, net profit DKK 614k, equity DKK 4.2m, 7 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 1,000 employees or more177 companies in the comparison | No. 77of 147 Better than 48% | No. 58of 177 Better than 68% |
| Companies that are at least 30 years old10,276 companies in the comparison | No. 105of 10,152 Better than 99% | No. 123of 10,275 Better than 99% |
| All companies of type A/S18,025 companies in the comparison | No. 167of 17,786 Better than 99% | No. 238of 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
Manufacture of instruments and appliances for measuring, testing and navigationGross profit
- Terma A/SDKK 864.2m
- Radiometer Medical ApSDKK 2.5bn
- Kamstrup A/SDKK 1.5bn
Net profit
- Terma A/SDKK 238.2m
- Radiometer Medical ApSDKK 851m
- Kamstrup A/SDKK 503.3m
Equity
- Terma A/SDKK 1.9bn
- Radiometer Medical ApSDKK 4.3bn
- Kamstrup A/SDKK 1.6bn
Employees
- Terma A/S1,444
- Radiometer Medical ApS1,292
- Kamstrup A/S1,226
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- Thrige Holding A/S66.67%
- ATP Langsigtet Dansk Kapital K/S10%
Terma A/S
Subsidiaries and ownership shares
Subsidiaries are shown only if they are in the database.
Management
13 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Per Thiesen | Director | 01/01/2015 |
| Henriette Hallberg Thygesen | CEO | 19/08/2024 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Connie Gitte Holm | Board member | 27/05/2021 |
| Jens Thorsen Poulsen | Board member | 27/05/2021 |
| Carsten Dilling | Chair of the board | 25/05/2022 |
| Lars Gert Lose | Board member | 25/05/2022 |
| Natalie Ghazale Shaverdian Riise-Knudsen | Board member | 22/05/2023 |
| Anders Christian Schelde | Board member | 11/11/2024 |
| Klaus Holse | Deputy chair | 26/05/2025 |
| Gustaf Sloth Nørgaard | Deputy board member | 26/05/2025 |
| Steen Tersted | Board member | 26/05/2025 |
| Jonas Pedersen | Deputy board member | 26/05/2025 |
| Emma Aabo Maunsbach | Deputy board member | 01/10/2025 |
Former management (58)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Knud-Erik Borup | Board member | 01/12/1949 | 18/06/1993 |
| Henrik Stenbjerre | Board member | 01/12/1949 | 24/05/2013 |
| Palle Jeppesen | Board member | 01/12/1949 | 18/06/1993 |
| Kaj Juul-Pedersen | Board member | 01/12/1949 | 18/12/1997 |
| Poul Madsen | Chair of the board | 01/12/1949 | 24/08/1989 |
| Jens Ole Munk Andersen | Chair of the board | 01/12/1949 | 21/05/1999 |
| John Erik Madsen | Board member | 01/12/1949 | 24/08/1989 |
| Johannes Jacobsen | Board member | 01/12/1949 | 21/05/1999 |
| Johannes Jacobsen | Director | 01/12/1949 | 31/10/2002 |
| Jørn Finnich | Board member | 01/12/1949 | 24/08/1989 |
| Ernst Johan Hede | Board member | 01/12/1949 | 12/06/1998 |
| Ejgil Martinus Kristensen | Board member | 01/12/1949 | 09/07/1990 |
| Ove Havshøj | Board member | 01/12/1949 | 08/01/1992 |
| Yelva Anni Friis | Deputy board member | 01/12/1949 | 09/07/1990 |
| Ivan Kruse Hansen | Deputy board member | 01/12/1949 | 26/05/1997 |
| Peder Kirkegaard | Board member | 01/12/1949 | 26/05/1997 |
| Erik Holm Jensen | Board member | 01/12/1949 | 26/05/1997 |
| Anne Grete Rydbjerg | Board member | 01/12/1949 | 23/05/2001 |
| Bo Laursen | Board member | 01/12/1949 | 27/05/2021 |
| Claus German Christensen | Deputy board member | 01/12/1949 | 03/05/2005 |
| Steen Bechgaard Danø | Board member | 01/12/1949 | 17/08/1988 |
| Annette Elisabeth Christensen | Board member | 01/12/1949 | 09/07/1990 |
| Kurt Saur Pedersen | Deputy board member | 01/12/1949 | 09/07/1990 |
| Bengt Halse | Board member | 01/12/1949 | 01/06/1995 |
| Jan-Åke Kristian Kark | Deputy chair | 01/12/1949 | 12/06/1998 |
| Knud Østergaard | Board member | 21/05/1999 | 11/02/2002 |
| Svend-Aage Nielsen | Chair of the board | 21/05/1999 | 23/05/2014 |
| Peter Pedersen Dyvig | Board member | 04/02/2000 | 20/05/2009 |
| Eric Egebjerg Kressel | Board member | 23/05/2001 | 24/05/2002 |
| Holger Lavesen | Deputy chair | 11/02/2002 | 21/05/2010 |
| Preben Harald Lund | Board member | 24/05/2002 | 13/05/2005 |
| Per Morten Borggaard | Director | 01/11/2002 | 01/01/2003 |
| Jens Maaløe | CEO | 01/01/2003 | 31/05/2019 |
| Paul Werner Friis Johnsen | Board member | 03/05/2005 | 30/04/2013 |
| Jørgen Munch | Deputy board member | 20/05/2009 | 24/05/2013 |
| Anders Eldrup | Board member | 21/05/2010 | 25/05/2018 |
| Kirsten Kahr Ovesen | Board member | 30/04/2013 | 24/05/2013 |
| Benny Daugaard Laursen | Board member | 24/05/2013 | 27/05/2021 |
| Jesper Østergaard Nielsen | Deputy board member | 24/05/2013 | 19/05/2017 |
| Martin Anders Hedegaard | Board member | 24/05/2013 | 26/05/2021 |
| Claus Bjerg | Deputy board member | 24/05/2013 | 19/05/2017 |
| Gitte Helboe | Deputy board member | 24/05/2013 | 04/11/2016 |
| Christina Grumstrup Sørensen | Board member | 23/05/2014 | 24/05/2019 |
| Flemming Henze Tomdrup | Chair of the board | 23/05/2014 | 25/05/2022 |
| Jørgen Huno Rasmussen | Deputy chair | 23/05/2014 | 26/05/2025 |
| Morten Schousen | Deputy board member | 19/05/2017 | 31/01/2018 |
| Michael Høgenhaug Poulsen | Deputy board member | 19/05/2017 | 27/05/2021 |
| Steen Michael Lynenskjold | Director | 19/05/2017 | 18/12/2024 |
| Carsten Dilling | Board member | 01/09/2017 | 24/05/2022 |
| Karen-Marie Katholm | Board member | 25/05/2018 | 25/05/2022 |
| Jes Carøe Munk Hansen | CEO | 01/04/2019 | 19/08/2024 |
| Martin Anders Hedegaard | Deputy board member | 27/05/2021 | 26/05/2025 |
| Helle Cecilie Fabricius Nielsen | Board member | 27/05/2021 | 25/05/2025 |
| Benny Sønderby Hede | Deputy board member | 27/05/2021 | 31/03/2023 |
| Carina Holmer Jensen | Deputy board member | 27/05/2021 | 31/05/2022 |
| Klaus Holse | Board member | 25/05/2022 | 25/05/2025 |
| Thomas Rosenkilde Anderson | Director | 01/07/2023 | 05/11/2024 |
| Helle Cecilie Fabricius Nielsen | Deputy board member | 26/05/2025 | 01/10/2025 |
Signing rule: Medlemmer af bestyrelsen og af direktionen repræsenterer selskabet udadtil. Til at forpligte selskabet ved retshandler kræves underskrift af formanden eller næstformanden for bestyrelsen i forbindelse med et bestyrelsesmedlem eller med en direktør, eller af fire bestyrelsesmedlemmer.
Address and production units
4 active production unitsHovmarken 4
8520 Lystrup
Aarhus Municipality · Postcode 8520
Other companies at the address (1)
- Danske Flådeskibe K/SBuilding of military vessels
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Terma A/S | Hovmarken 4, 8520 Lystrup | 1,112 | 1003065266 |
| Terma A/S | Sydmarken 44A, 2860 Søborg | 327 | 1004932237 |
| Terma A/S | Lægårdsvej 12A, 8520 Lystrup | 27 | 1032227380 |
| Terma A/S | Fabrikvej 1, 8500 Grenaa | 10 | 1018879987 |
Purpose
Selskabets formål er at drive virksomhed i indland og udland med elektronisk og mekanisk udstyr samt handels- og industrivirksomhed i øvrigt og at investere kapital i virksomheder af de nævnte arter samt i faste ejendomme
The purpose is quoted from the register in Danish.
Changes year by year
129 registered events12015
12016
62017
32018
32019
02020
102021
82022
42023
102024
132025
12026
20261 changeaccounts 1
- AccountsAnnual report for 2026 published
202513 changesmanagement 11 · accounts 1 · industry 1
- ManagementEmma Aabo Maunsbach appointed deputy board member
- ManagementHelle Cecilie Fabricius Nielsen stepped down as deputy board member
- AccountsAnnual report for 2025 published
- ManagementHelle Cecilie Fabricius Nielsen appointed deputy board member
- ManagementSteen Tersted appointed board member
- ManagementGustaf Sloth Nørgaard appointed deputy board member
- ManagementKlaus Holse appointed deputy chair
- ManagementJonas Pedersen appointed deputy board member
- ManagementMartin Anders Hedegaard stepped down as deputy board member
- ManagementJørgen Huno Rasmussen stepped down as deputy chair
- ManagementKlaus Holse stepped down as board member
- ManagementHelle Cecilie Fabricius Nielsen stepped down as board member
- IndustryIndustry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)
202410 changesmanagement 5 · capital 1 · ownership 3 · accounts 1
- ManagementSteen Michael Lynenskjold stepped down as director
- CapitalShare capital changed from 18,000,000 DKK to 20,002,222 DKK
- ManagementAnders Christian Schelde appointed board member
- OwnershipTHRIGE HOLDING A/S registered as owner (66.67%)
- OwnershipATP Langsigtet Dansk Kapital K/S registered as owner (10%)
- OwnershipTHRIGE HOLDING A/S is no longer registered as owner
- ManagementThomas Rosenkilde Anderson stepped down as director
- ManagementHenriette Hallberg Thygesen appointed ceo
- ManagementJes Carøe Munk Hansen stepped down as ceo
- AccountsAnnual report for 2024 published
20234 changesmanagement 3 · accounts 1
- ManagementThomas Rosenkilde Anderson appointed director
- AccountsAnnual report for 2023 published
- ManagementNatalie Ghazale Shaverdian Riise-Knudsen appointed board member
- ManagementBenny Sønderby Hede stepped down as deputy board member
20228 changesaccounts 1 · management 7
- AccountsAnnual report for 2022 published
- ManagementCarina Holmer Jensen stepped down as deputy board member
- ManagementLars Gert Lose appointed board member
- ManagementKlaus Holse appointed board member
- ManagementCarsten Dilling appointed chair of the board
- ManagementKaren-Marie Katholm stepped down as board member
- ManagementFlemming Henze Tomdrup stepped down as chair of the board
- ManagementCarsten Dilling stepped down as board member
202110 changesaccounts 1 · management 9
- AccountsAnnual report for 2021 published
- ManagementBenny Sønderby Hede appointed deputy board member
- ManagementJens Thorsen Poulsen appointed board member
- ManagementConnie Gitte Holm appointed board member
- ManagementMartin Anders Hedegaard appointed deputy board member
- ManagementCarina Holmer Jensen appointed deputy board member
- ManagementHelle Cecilie Fabricius Nielsen appointed board member
- ManagementMichael Høgenhaug Poulsen stepped down as deputy board member
- ManagementBenny Daugaard Laursen stepped down as board member
- ManagementMartin Anders Hedegaard stepped down as board member
20193 changesmanagement 3
- ManagementJens Maaløe stepped down as ceo
- ManagementChristina Grumstrup Sørensen stepped down as board member
- ManagementJes Carøe Munk Hansen appointed ceo
20183 changesmanagement 3
- ManagementKaren-Marie Katholm appointed board member
- ManagementAnders Eldrup stepped down as board member
- ManagementMorten Schousen stepped down as deputy board member
20176 changesmanagement 6
- ManagementCarsten Dilling appointed board member
- ManagementMorten Schousen appointed deputy board member
- ManagementMichael Høgenhaug Poulsen appointed deputy board member
- ManagementSteen Michael Lynenskjold appointed director
- ManagementClaus Bjerg stepped down as deputy board member
- ManagementJesper Østergaard Nielsen stepped down as deputy board member
20161 changemanagement 1
- ManagementGitte Helboe stepped down as deputy board member
20151 changemanagement 1
- ManagementPer Thiesen appointed director
20145 changesownership 1 · management 4
- OwnershipTHRIGE HOLDING A/S registered as owner (100%)
- ManagementFlemming Henze Tomdrup appointed chair of the board
- ManagementJørgen Huno Rasmussen appointed deputy chair
- ManagementChristina Grumstrup Sørensen appointed board member
- ManagementSvend-Aage Nielsen stepped down as chair of the board
20139 changesmanagement 9
- ManagementBenny Daugaard Laursen appointed board member
- ManagementGitte Helboe appointed deputy board member
- ManagementClaus Bjerg appointed deputy board member
- ManagementMartin Anders Hedegaard appointed board member
- ManagementJesper Østergaard Nielsen appointed deputy board member
- ManagementKirsten Kahr Ovesen stepped down as board member
- ManagementJørgen Munch stepped down as deputy board member
- ManagementKirsten Kahr Ovesen appointed board member
- ManagementPaul Werner Friis Johnsen stepped down as board member
20102 changesmanagement 2
- ManagementAnders Eldrup appointed board member
- ManagementHolger Lavesen stepped down as deputy chair
20092 changesmanagement 2
- ManagementJørgen Munch appointed deputy board member
- ManagementPeter Pedersen Dyvig stepped down as board member
20082 changescapital 1 · industry 1
- CapitalShare capital changed from 20,000,000 DKK to 18,000,000 DKK
- IndustryIndustry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)
20061 changeindustry 1
- IndustryIndustry changed to Fremstilling af navigationsudstyr (332010)
20052 changesmanagement 2
- ManagementPreben Harald Lund stepped down as board member
- ManagementPaul Werner Friis Johnsen appointed board member
20042 changesmerger 1 · industry 1
- MergerMerger registered in CVR
- IndustryIndustry changed to Steam and air conditioning supply (district heating) (353000)
20032 changesmanagement 2
- ManagementJens Maaløe appointed ceo
- ManagementPer Morten Borggaard stepped down as director
20027 changesmanagement 6 · merger 1
- ManagementPer Morten Borggaard appointed director
- ManagementJohannes Jacobsen stepped down as director
- MergerMerger registered in CVR
- ManagementPreben Harald Lund appointed board member
- ManagementEric Egebjerg Kressel stepped down as board member
- ManagementHolger Lavesen appointed deputy chair
- ManagementKnud Østergaard stepped down as board member
20012 changesmanagement 1 · name 1
- ManagementEric Egebjerg Kressel appointed board member
- NameName changed from TERMA ELEKTRONIK A/S to TERMA A/S
20001 changemanagement 1
- ManagementPeter Pedersen Dyvig appointed board member
19994 changesmanagement 4
- ManagementKnud Østergaard appointed board member
- ManagementSvend-Aage Nielsen appointed chair of the board
- ManagementJohannes Jacobsen stepped down as board member
- ManagementJens Ole Munk Andersen stepped down as chair of the board
19981 changemanagement 1
- ManagementErnst Johan Hede stepped down as board member
19973 changesmanagement 3
- ManagementKaj Juul-Pedersen stepped down as board member
- ManagementPeder Kirkegaard stepped down as board member
- ManagementIvan Kruse Hansen stepped down as deputy board member
19931 changemanagement 1
- ManagementPalle Jeppesen stepped down as board member
19921 changemanagement 1
- ManagementOve Havshøj stepped down as board member
19902 changesmanagement 2
- ManagementYelva Anni Friis stepped down as deputy board member
- ManagementEjgil Martinus Kristensen stepped down as board member
19894 changesmerger 1 · management 3
- MergerMerger registered in CVR
- ManagementJørn Finnich stepped down as board member
- ManagementJohn Erik Madsen stepped down as board member
- ManagementPoul Madsen stepped down as chair of the board
19881 changemerger 1
- MergerMerger registered in CVR
194915 changesfounded 1 · management 14
- FoundedRegistered as TERMA ELEKTRONIK A/S
- ManagementPeder Kirkegaard appointed board member
- ManagementIvan Kruse Hansen appointed deputy board member
- ManagementYelva Anni Friis appointed deputy board member
- ManagementOve Havshøj appointed board member
- ManagementEjgil Martinus Kristensen appointed board member
- ManagementErnst Johan Hede appointed board member
- ManagementJørn Finnich appointed board member
- ManagementJohannes Jacobsen appointed director
- ManagementJohannes Jacobsen appointed board member
- ManagementJohn Erik Madsen appointed board member
- ManagementJens Ole Munk Andersen appointed chair of the board
- ManagementPoul Madsen appointed chair of the board
- ManagementKaj Juul-Pedersen appointed board member
- ManagementPalle Jeppesen appointed board member
Related companies
Same industry in Aarhus
- Eltwin A/S118 employees
- Baumer A/S80 employees
- Trelleborg Marine Systems Denmark A/S38 employees
- SulfiLogger A/S36 employees
- HB Products A/S32 employees
- Unisense A/S27 employees
Same people in management
- Novo Nordisk A/Svia Knud Østergaard
- Tryg Forsikring A/Svia Jørgen Huno Rasmussen
- Vestas Wind Systems A/Svia Henriette Hallberg Thygesen
- COWI A/Svia Natalie Ghazale Shaverdian Riise-Knudsen
- Circle K Danmark A/Svia Jens Ole Munk Andersen
- Norlys Telco A/Svia Kaj Juul-Pedersen
Largest in the industry
- Radiometer Medical ApSDKK 2.5bn
- Kamstrup A/SDKK 1.5bn
- Trackman A/SDKK 1.4bn
- Weibel Scientific A/SDKK 571m
- Deif A/SDKK 471.5m
- Hottinger Brüel & Kjær A/SDKK 282.1m
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.