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Tui Danmark A/S

Public limited companyCVR 37425311Frederiksberg CActive

Tui Danmark A/S is a public limited company, based in Frederiksberg C, active in tour operator activities, founded in 1972. The company made a loss in both 2024 and 2025, most recently DKK 53.6m. With 106 employees, the company is about 27 times larger than the industry median. Equity fell to DKK 7.6m in 2025.

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Key figures · financial year 2025

RevenueDKK 1.7bn+8.7% vs. 2024
Net profit−DKK 53.6m−4,563.5% vs. 2024
EquityDKK 7.6m−64% vs. 2024
Employees106latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 119% (2024 → 2025), to −DKK 6.4m.
  • Revenue rose 9% (2024 → 2025), to DKK 1.7bn.
  • The loss grew: from DKK 1.1m to DKK 53.6m (2024 → 2025).
  • Equity fell 64% (2024 → 2025), to DKK 7.6m.

Employees

  • 15 fewer employees than a year earlier: 106 (07/2026) against 121 (07/2025).

Management and owners, last 24 months

  • New in management: Susanne Kaarnimo-Knight (board member, 01/08/2025), Susanne Kaarnimo-Knight (ceo, 01/08/2025) and Jóan Mikkjalsson Hammer (board member, 12/05/2026).
  • Stepped down: Carsten Lund (board member, 12/05/2026), Peik Erik Martin (board member, 01/08/2025) and Peik Erik Martin (ceo, 01/08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Tour operator activities (791200)

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 60m−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
EquityNet profit
Financial figures for Tui Danmark A/S
202020212022202320242025Change
Revenue487,556322,9491,219,1711,289,8401,521,6651,653,405+8.7%
Gross profit17,239−22,4643,77832,51433,310−6,350−119.1%
Operating profit (EBIT)−7,259−45,890−28,581−6,324−10,764−49,421−359.1%
Profit before tax−7,385−46,514−28,334−309−1,149−43,173−3,657.4%
Net profit−4,757−46,192−32,3226,847−1,149−53,584−4,563.5%
Total assets175,393316,946353,636356,989336,327438,295+30.3%
Equity94,04047,84215,52522,36821,2197,634−64%
Liabilities81,353269,104338,111334,622315,108430,661+36.7%
Cash and cash equivalents41102,000234,400169,885247,058272,058+10.1%
Average number of employees584863748279−3.7%

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

−DKK 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30m202020212022202320242025
Gross profitMedian, the industry (133 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.

  • Equity fell sharply

    Equity fell 64% from 2024 to 2025 (DKK 21.2m to DKK 7.6m).

    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 2% 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 Tui Danmark A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202509/04/2026The groupPDF not statedXBRL
202401/10/2023 – 30/09/202431/03/2025The groupPDF not statedXBRL
202301/10/2022 – 30/09/202314/02/2024The groupPDF not statedXBRL
202201/10/2021 – 30/09/202220/02/2023The companyPDFXBRL
202101/10/2020 – 30/09/202116/03/2022The companyPDFXBRL
202001/10/2019 – 30/09/202016/03/2021The 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
02040608010012008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

133 companies in the database

Comparison with the other companies in tour operator activities based on the latest financial year.

Gross profit−DKK 6.4mNo. 133 of 133
Better than 0% of the companies in the industry
EquityDKK 7.6mNo. 33 of 133
Better than 76% of the companies in the industry
Number of employees106No. 5 of 133
Better than 97% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 488k, equity DKK 1.8m, 4 employees.

DKK 100kDKK 709kDKK 5mDKK 35.7mDKK 131.7m
Distribution of gross profit for 125 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. 4,372of 4,412
Better than 1%
No. 3,061of 4,466
Better than 31%
Companies that are at least 30 years old10,276 companies in the comparison
No. 10,119of 10,152
Better than 0%
No. 5,349of 10,275
Better than 48%
All companies of type A/S18,025 companies in the comparison
No. 17,661of 17,786
Better than 1%
No. 9,840of 18,024
Better than 45%

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

Tour operator activities
Gross profit
  1. Tui Danmark A/S−DKK 6.4m
  2. A/S af 3.juni 1986DKK 253m
  3. Vos ApSDKK 136.8m
Net profit
  1. Tui Danmark A/S−DKK 53.6m
  2. A/S af 3.juni 1986DKK 79m
  3. Vos ApSDKK 64.7m
Equity
  1. Tui Danmark A/SDKK 7.6m
  2. A/S af 3.juni 1986DKK 1bn
  3. Vos ApSDKK 64.9m
Employees
  1. Tui Danmark A/S106
  2. A/S af 3.juni 19869
  3. Vos ApS98

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
  • Tui Nordic Holding Ab100%
Tui Danmark A/S

Management

4 active registrations

Executive management

Executive management at Tui Danmark A/S
NameRoleAppointed
Susanne Kaarnimo-KnightCEO01/08/2025

Board of directors

Board of directors at Tui Danmark A/S
NameRoleAppointed
Tommy SerbanChair of the board18/03/2021
Susanne Kaarnimo-KnightBoard member01/08/2025
Jóan Mikkjalsson HammerBoard member12/05/2026
Former management (39)
Former management at Tui Danmark A/S
NameRoleAppointedResigned
Jørgen DahlBoard member26/01/197206/11/1991
Poul Erik Sørup MadsenBoard member26/01/197203/04/1998
Poul Erik Sørup MadsenDirector26/01/197203/04/1998
Peter FugmannChair of the board26/01/197217/05/1996
Gerhard PetersenBoard member26/01/197212/11/1992
Gerhard PetersenDirector26/01/197228/10/1992
Ejnar Poul LundtBoard member26/01/197206/11/1991
Søren Falk LauritsenBoard member26/01/197228/11/1990
Per Falk LauritsenBoard member26/01/197228/11/1990
Allan Teddy PedersenBoard member26/01/197210/02/1994
Peter VestBoard member26/01/197210/02/1994
Ragnar Falk LauritsenBoard member26/01/197206/11/1991
Ragnar Falk LauritsenDirector26/01/197222/07/1992
Ole Johan OftedalBoard member26/01/197201/07/1998
Kent Anders Johan EslanderBoard member26/01/197226/06/1997
Kari Johan Ferdinand ÖsterlundBoard member26/01/197203/04/1998
Per TandbergBoard member17/05/199626/06/1997
Nils Mats Ola LindellBoard member03/04/199801/07/1998
Kevin James DufficyBoard member03/04/199823/11/2001
Kevin James DufficyDirector03/04/199801/07/1998
Birthe MadsenBoard member01/07/199801/07/2014
Birthe MadsenDirector01/07/199801/07/2014
Lars Arne NilssonChair of the board01/07/199813/11/2000
Carsten LundBoard member13/11/200012/05/2026
Stig Oluf EllingBoard member13/11/200031/03/2015
Anders Roland HolstBoard member13/11/200014/01/2003
Henrik Turesson NorlinChair of the board30/09/200803/07/2012
Johan Peter LundgrenBoard member30/09/200830/09/2008
Ewa Maria Buhre GidlöfChair of the board03/07/201203/07/2017
Britt Eivor AnderssonBoard member01/07/201420/12/2016
Britt Eivor AnderssonCEO01/07/201420/12/2016
Lars Gorm Østerbye PedersenBoard member03/08/201503/07/2017
Alexander Frank HuberBoard member20/12/201602/08/2017
Alexander Frank HuberDirector20/12/201601/08/2020
Morten FlamandBoard member03/07/201702/09/2019
Henrik Lars Petter AnderssonChair of the board03/07/201718/03/2021
Kristina Charlotte Werner WiebeBoard member02/09/201918/03/2021
Peik Erik MartinBoard member02/09/201901/08/2025
Peik Erik MartinCEO01/08/202001/08/2025

Signing rule: Selskabet tegnes af to af bestyrelsens medlemmer, eller af en direktør sammen med bestyrelsens formand

Address and production units

1 active production units

Gammel Kongevej 60
1850 Frederiksberg C

Frederiksberg Municipality · Postcode 1850

Production units
Production unitAddressEmployeesP number
TUI DANMARK A/SGammel Kongevej 60, 6, 1850 Frederiksberg C1151009567328

Purpose

Selskabets formål er at drive rejsebureauvirksomhed med dertil knyttede aktiviteter i Danmark såvel som i udlandet

The purpose is quoted from the register in Danish.

Changes year by year

107 registered events
20263 changesmanagement 2 · accounts 1
  • Jóan Mikkjalsson Hammer appointed board member
  • Carsten Lund stepped down as board member
  • Annual report for 2025 published
20256 changesmanagement 4 · accounts 1 · industry 1
  • Susanne Kaarnimo-Knight appointed ceo
  • Susanne Kaarnimo-Knight appointed board member
  • Peik Erik Martin stepped down as ceo
  • Peik Erik Martin stepped down as board member
  • Annual report for 2024 published
  • Industry changed to Tour operator activities (791200)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20216 changesownership 1 · address 1 · management 3 · accounts 1
  • TUI AG is no longer registered as owner
  • Moved to Gammel Kongevej 60, 6, 1850 Frederiksberg C
  • Tommy Serban appointed chair of the board
  • Kristina Charlotte Werner Wiebe stepped down as board member
  • Henrik Lars Petter Andersson stepped down as chair of the board
  • Annual report for 2020 published
20202 changesmanagement 2
  • Peik Erik Martin appointed ceo
  • Alexander Frank Huber stepped down as director
20194 changesmanagement 3 · address 1
  • Kristina Charlotte Werner Wiebe appointed board member
  • Peik Erik Martin appointed board member
  • Morten Flamand stepped down as board member
  • Moved to Gammel Kongevej 60, 6, 1850 Frederiksberg C
20184 changesownership 3 · merger 1
  • TUI AG registered as owner (100%)
  • TUI NORDIC HOLDING AB registered as owner (100%)
  • Merger registered in CVR
  • TUI DENMARK HOLDING A/S is no longer registered as owner
20175 changesmanagement 5
  • Alexander Frank Huber stepped down as board member
  • Henrik Lars Petter Andersson appointed chair of the board
  • Morten Flamand appointed board member
  • Lars Gorm Østerbye Pedersen stepped down as board member
  • Ewa Maria Buhre Gidlöf stepped down as chair of the board
20165 changesmanagement 4 · name 1
  • Alexander Frank Huber appointed director
  • Alexander Frank Huber appointed board member
  • Britt Eivor Andersson stepped down as ceo
  • Britt Eivor Andersson stepped down as board member
  • Name changed from STAR TOUR A/S to TUI DANMARK A/S
20152 changesmanagement 2
  • Lars Gorm Østerbye Pedersen appointed board member
  • Stig Oluf Elling stepped down as board member
20144 changesmanagement 4
  • Britt Eivor Andersson appointed ceo
  • Britt Eivor Andersson appointed board member
  • Birthe Madsen stepped down as director
  • Birthe Madsen stepped down as board member
20131 changeaddress 1
  • Moved to Kirsten Walthers Vej 9, 2500 Valby
20122 changesmanagement 2
  • Ewa Maria Buhre Gidlöf appointed chair of the board
  • Henrik Turesson Norlin stepped down as chair of the board
20084 changesmanagement 3 · industry 1
  • Henrik Turesson Norlin appointed chair of the board
  • Johan Peter Lundgren appointed board member
  • Johan Peter Lundgren stepped down as board member
  • Industry changed to Tour operator activities (791200)
20031 changemanagement 1
  • Anders Roland Holst stepped down as board member
20022 changesaddress 1 · ownership 1
  • Moved to Gammel Køge Landevej 22, 2500 Valby
  • TUI DENMARK HOLDING A/S registered as owner (100%)
20011 changemanagement 1
  • Kevin James Dufficy stepped down as board member
20004 changesmanagement 4
  • Carsten Lund appointed board member
  • Anders Roland Holst appointed board member
  • Stig Oluf Elling appointed board member
  • Lars Arne Nilsson stepped down as chair of the board
199812 changesmanagement 12
  • Birthe Madsen appointed director
  • Birthe Madsen appointed board member
  • Lars Arne Nilsson appointed chair of the board
  • Kevin James Dufficy stepped down as director
  • Nils Mats Ola Lindell stepped down as board member
  • Ole Johan Oftedal stepped down as board member
  • Kevin James Dufficy appointed director
  • Kevin James Dufficy appointed board member
  • Nils Mats Ola Lindell appointed board member
  • Poul Erik Sørup Madsen stepped down as director
  • Poul Erik Sørup Madsen stepped down as board member
  • Kari Johan Ferdinand Österlund stepped down as board member
19972 changesmanagement 2
  • Per Tandberg stepped down as board member
  • Kent Anders Johan Eslander stepped down as board member
19962 changesmanagement 2
  • Per Tandberg appointed board member
  • Peter Fugmann stepped down as chair of the board
19952 changesname 1 · merger 1
  • Name changed from FALKE-REJSER A/S to STAR TOUR A/S
  • Merger registered in CVR
19942 changesmanagement 2
  • Peter Vest stepped down as board member
  • Allan Teddy Pedersen stepped down as board member
19923 changesmanagement 3
  • Gerhard Petersen stepped down as board member
  • Gerhard Petersen stepped down as director
  • Ragnar Falk Lauritsen stepped down as director
19914 changesmanagement 3 · capital 1
  • Ragnar Falk Lauritsen stepped down as board member
  • Ejnar Poul Lundt stepped down as board member
  • Jørgen Dahl stepped down as board member
  • Share capital changed from 1,000,000 DKK to 1,500,000 DKK
19903 changesname 1 · management 2
  • Name changed from INDIGO REJSER A/S to FALKE-REJSER A/S
  • Per Falk Lauritsen stepped down as board member
  • Søren Falk Lauritsen stepped down as board member
19891 changecapital 1
  • Share capital changed from 750,000 DKK to 1,000,000 DKK
197217 changesfounded 1 · management 16
  • Registered as INDIGO REJSER A/S
  • Ragnar Falk Lauritsen appointed director
  • Ragnar Falk Lauritsen appointed board member
  • Peter Vest appointed board member
  • Allan Teddy Pedersen appointed board member
  • Per Falk Lauritsen appointed board member
  • Søren Falk Lauritsen appointed board member
  • Ejnar Poul Lundt appointed board member
  • Gerhard Petersen appointed director
  • Gerhard Petersen appointed board member
  • Peter Fugmann appointed chair of the board
  • Poul Erik Sørup Madsen appointed director
  • Jørgen Dahl appointed board member
  • Poul Erik Sørup Madsen appointed board member
  • Kari Johan Ferdinand Österlund appointed board member
  • Kent Anders Johan Eslander appointed board member
  • Ole Johan Oftedal appointed board member

Related companies

Same people in management

Largest in the industry

See all →

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