TV 2 Danmark A/S
A/SActiveCVR 10413494Rugårdsvej 25, 5000 Odense CTelevision programming, broadcasting and video distribution activities· NACE 6020Est. 1986 · 40 years old1,777 employees
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Overview
TV 2 Danmark A/S is a Danish A/S based in Odense C, operating in the Television programming, broadcasting and video distribution activities sector. Incorporated in 1986, the company has 1,777 employees and reported revenue of DKK 4.7bn in its latest annual filing.
Revenue 2025
4.7B DKK
+12% vs 2024
EBITDA margin
0.9 %
−88% vs 2024
Net profit 2025
0.2B DKK
-6% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
66.3 %
StrongAmong the 40% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.7×
StrongAmong the 40% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
9.4 %
StrongAmong the 40% highest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 4.7B DKK | +12% |
| EBITDA | 0B DKK | -88% |
| Net profit | 0.2B DKK | -6% |
| Total assets | 2.5B DKK | -11% |
| Equity | 1.7B DKK | -13% |
| Employees | 1,777 | — |
Company information
Legal name
TV 2 Danmark A/S
CVR number
10413494
Legal form
Aktieselskab
Founded
1 July 1986 · 40 years
Share capital
DKK 210,000,000
Employees
1,777 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsens formand eller næstformand i forening med enten et medlem af direktionen eller et bestyrelsesmedlem, to bestyrelsesmedlemmer i forening med et medlem af direktionen eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at drive medievirksomhed og anden hermed beslægtet eller relateret virksomhed. Selskabet skal drive public service-programvirksomhed, såfremt der er meddelt tilladelse hertil i henhold til kap. 6 a i lov om radio- og fjernsynsvirksomhed. Selskabet skal drives på et forretningsmæssigt grundlag.
(no translation available)
Contact
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Financial development
In its most recent annual report (2025), TV 2 Danmark A/S reported revenue of DKK 4.7bn, an increase of 12% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 237.8m, and the EBITDA margin stood at 0.9%.
At the end of 2025, equity financed 66.3% of the balance sheet, and current assets covered short-term debt 2.7 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 4,652,700 | 4,153,300 | 3,798,300 | 3,917,000 | 3,531,200 |
| Staff expenses | — | -0 | -0 | -0 | -0 |
| EBITDA | 40,600 | 350,400 | 292,000 | -336,900 | 68,600 |
| Depreciation & amort. | — | -11,300 | 2,800 | -0 | -0 |
| EBIT | 40,600 | 339,100 | 289,200 | -336,900 | 68,600 |
| Net financials | 204,400 | -11,500 | 3,000 | 79,200 | 190,100 |
| Profit before tax | 245,000 | 327,600 | 292,200 | -257,700 | 258,700 |
| Tax | 7,200 | 75,700 | 63,700 | -103,500 | 14,600 |
| Net profit | 237,800 | 251,900 | 228,500 | -154,200 | 244,100 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 2,535,100 | 2,837,800 | 2,859,300 | 3,518,200 | 3,737,500 |
| Equity | 1,681,700 | 1,935,800 | 1,911,000 | 2,726,700 | 2,882,900 |
| Long-term debt | 227,200 | 283,900 | 242,300 | 168,300 | 220,000 |
| Short-term debt | 624,700 | 617,800 | 701,600 | 622,900 | 633,600 |
| Total debt | 851,900 | 901,700 | 943,900 | 791,200 | 853,600 |
Financial ratios
5-year trendEBITDA margin
0.9 %
20212025
Equity ratio
66.3 %
StrongAmong the 40% highest rated companies in the industry
20212025
Return on equity
14.1 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
5.1 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
1.84×
StrongAmong the 30% highest rated companies in the industry
20212025
Debt / equity
0.51×
AverageAround the average of companies in the same industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginAverage
Around the average of companies in the same industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioStrong
Among the 40% highest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityStrong
Among the 30% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 30% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 40% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 30% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
JD Management | Management | 2024 |
DD | Founder | 2003 |
TS Deputy | Deputy | 2024 |
AE Chief Executive Officer | Chief Executive Officer | 2019 |
KH Deputy | Deputy | 2024 |
Former (23)
PM Chief Executive Officer | Chief Executive Officer | 2006 – 2007 |
MH Management | Management | 2007 – 2019 |
AG Deputy | Deputy | 2003 – 2005 |
TM | Deputy | 2024 – 2025 |
KK Deputy | Deputy | 2016 – 2020 |
JA Deputy | Deputy | 2008 – 2012 |
CF Deputy | Deputy | 2008 – 2012 |
OK Deputy | Deputy | 2020 – 2024 |
JA Deputy | Deputy | 2012 – 2020 |
FM Deputy | Deputy | 2008 – 2012 |
LS Deputy | Deputy | 2020 – 2024 |
AK Chief Executive Officer | Chief Executive Officer | 2007 – 2007 |
LE Deputy | Deputy | 2016 – 2017 |
PN Management | Management | 2008 – 2019 |
JN Deputy | Deputy | 2003 – 2008 |
JS Deputy | Deputy | 2012 – 2016 |
LH Management | Management | 2024 – 2024 |
PL Deputy | Deputy | 2003 – 2008 |
PC Deputy | Deputy | 2020 – 2021 |
FJ Management | Management | 2019 – 2021 |
PH Chief Executive Officer | Chief Executive Officer | 2003 – 2006 |
JB Deputy | Deputy | 2012 – 2016 |
CT Management | Management | 2019 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (9) | ||
CS Board of Directors | Board of Directors | 2024 |
AS Board of Directors | Board of Directors | 2021 |
BF Deputy Chairman | Deputy Chairman | 2021 |
JJ Board of Directors | Board of Directors | 2020 |
HG Chairman | Chairman | 2026 |
DB Board of Directors | Board of Directors | 2025 |
CB Board of Directors | Board of Directors | 2020 |
AS Board of Directors | Board of Directors | 2020 |
HV Board of Directors | Board of Directors | 2018 |
Former (34)
JM Board of Directors | Board of Directors | 2012 – 2020 |
FA Board of Directors | Board of Directors | 2007 – 2012 |
LN Deputy Chairman | Deputy Chairman | 2005 – 2007 |
PB Board of Directors | Board of Directors | 2003 – 2007 |
AB Board of Directors | Board of Directors | 2003 – 2009 |
AG Board of Directors | Board of Directors | 2005 – 2008 |
TM Board of Directors | Board of Directors | 2020 – 2024 |
ML Deputy Chairman | Deputy Chairman | 2012 – 2021 |
SK Board of Directors | Board of Directors | 2009 – 2012 |
JM Board of Directors | Board of Directors | 2003 – 2007 |
NB Board of Directors | Board of Directors | 2012 – 2017 |
CW Deputy Chairman | Deputy Chairman | 2003 – 2004 |
LE Board of Directors | Board of Directors | 2017 – 2020 |
NN Board of Directors | Board of Directors | 2022 – 2025 |
PE Board of Directors | Board of Directors | 2010 – 2018 |
EW Board of Directors | Board of Directors | 2003 – 2007 |
OH Board of Directors | Board of Directors | 2003 – 2005 |
SF Board of Directors | Board of Directors | 2018 – 2021 |
FJ Board of Directors | Board of Directors | 2007 – 2010 |
GC | Chairman | 2024 – 2026 |
HR Board of Directors | Board of Directors | 2018 – 2022 |
AK Board of Directors | Board of Directors | 2012 – 2018 |
ER Chairman | Chairman | 2003 – 2004 |
JM Chairman | Chairman | 2018 – 2024 |
LG Board of Directors | Board of Directors | 2012 – 2018 |
AB Board of Directors | Board of Directors | 2012 – 2020 |
LL Chairman | Chairman | 2007 – 2018 |
MI Board of Directors | Board of Directors | 2003 – 2008 |
UD Board of Directors | Board of Directors | 2003 – 2009 |
GP Board of Directors | Board of Directors | 2003 – 2007 |
PC Board of Directors | Board of Directors | 2012 – 2020 |
BN Board of Directors | Board of Directors | 2009 – 2012 |
TS Deputy Chairman | Deputy Chairman | 2007 – 2012 |
NB Chairman | Chairman | 2004 – 2007 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2003 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Company hierarchy
TV 2 Danmark A/S (this company)
Filmfyn A/S20% ownedTV 2 Bib A/S100% ownedMedia City Odense ApS33.33% ownedTV 2 Networks A/S100% ownedBoard network connections
Board members of TV 2 Danmark A/S also hold positions in 353 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Merete Helene Eldrup | Management | 80 companiesMany roles |
| Sisse Fjelsted Rasmussen | Board of Directors | 51 companiesMany roles |
| Merete Lundbye Møller | Deputy Chairman | 26 companiesMany roles |
| Per Mikael Jensen | Chief Executive Officer | 20 companiesMany roles |
| Hermann Valur Haraldsson | Board of Directors | 19 companiesMany roles |
| Dorthe Bjerregaard-Knudsen | Board of Directors | 18 companiesMany roles |
| Lars Nørby Johansen | Deputy Chairman | 16 companiesMany roles |
| Tine Susanne Miksch Roed | Deputy Chairman | 16 companiesMany roles |
| Bo Foged | Deputy Chairman | 12 companiesMany roles |
| Peter Normann | Management | 10 companiesMany roles |
| Carsten Topholt Larsen | Management | 7 companiesMany roles |
| Christian Wrede Scherfig | Deputy Chairman | 7 companiesMany roles |
| Jimmy Maymann- Holler | Chairman | 7 companiesMany roles |
| Hanne Gunnel Salomonsen | Chairman | 7 companiesMany roles |
| Jakob Dahlgaard Fink | Management | 5 companies |
| Arne Bang Mikkelsen | Board of Directors | 5 companies |
| Lars Liebst Poulsen | Chairman | 5 companies |
| Flemming Ammentorp Østergaard | Board of Directors | 4 companies |
| Peter Bo Bendixen | Board of Directors | 4 companies |
| Louise Gade | Board of Directors | 4 companies |
| Anne Engdal Stig Christensen | Chief Executive Officer | 3 companies |
| Frank Jensen | Board of Directors | 3 companies |
| Katrine Kofod Vogelsang | Deputy | 2 companies |
| Anders Kronborg | Chief Executive Officer | 2 companies |
| Jacob Sørensen | Deputy | 2 companies |
| Palle Ebbesen Smed | Board of Directors | 2 companies |
| Henrik Ravn | Board of Directors | 2 companies |
| Charlotte Bach Thomassen | Board of Directors | 2 companies |
| Thomas Michael Voigt Breinholt | Deputy | 1 company |
| Christian Friis Degn | Deputy | 1 company |
| Feline Munck Christensen | Deputy | 1 company |
| Tine Seir Bendix | Deputy | 1 company |
| Flemming John Rasmussen | Management | 1 company |
| Ane Skytte Leth Hendriksen | Board of Directors | 1 company |
| Erik Werlauff | Board of Directors | 1 company |
| John Jäger | Board of Directors | 1 company |
| Gregers Christian Wedell-Wedellsborg | Chairman | 1 company |
| Annette Kristina Forslund Olesen | Board of Directors | 1 company |
| Erik Ross Pedersen | Chairman | 1 company |
| Martin Iversen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of TV 2 Danmark A/S?
TV 2 Danmark A/S is registered with CVR / Virk under CVR 10413494.
What is the revenue of TV 2 Danmark A/S?
TV 2 Danmark A/S reported revenue of DKK 4.7bn in 2025.
How many employees does TV 2 Danmark A/S have?
TV 2 Danmark A/S employs 1777 people as of the latest annual report.
Who is the CEO of TV 2 Danmark A/S?
Anne Engdal Stig Christensen is the CEO of TV 2 Danmark A/S, in role since 2019.
Who is the chairman of TV 2 Danmark A/S?
Hanne Gunnel Salomonsen chairs the board of TV 2 Danmark A/S, in role since 2026.
Where is TV 2 Danmark A/S headquartered?
TV 2 Danmark A/S's registered address is Rugårdsvej 25.