Codan A/S Company Profile and Financial Details

Codan A/S is a leading manufacturer of communication and navigation equipment, with a rich history dating back to 1919. The company was founded in Denmark and has since become a global player in the industry.

Headquartered in Brøndby, Denmark, Codan A/S has a strong presence in the market with a wide range of products and solutions. Its expertise spans communication and navigation systems, including VHF radios, GPS devices, and other related equipment.

Codan A/S has a significant presence in the global market, with customers in over 100 countries. The company's commitment to innovation and quality has earned it a reputation as a trusted and reliable partner in the industry.

The company's financial details are also noteworthy, with revenue exceeding DKK 1.5 billion in 2020. This impressive revenue figure reflects the company's continued growth and success in the market.

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The sale price of Codan Denmark to Alm. Brand A/S is approximately DKK 12.6 billion for 100% of the share capital.

Tryg will receive 50% of the sale proceeds, which is half of the total sale price. This means Tryg will get around DKK 6.3 billion.

The sale price is a significant amount, and it's expected to have a positive impact on Tryg's return on investment (ROI) for the acquisition of RSA.

Here's a breakdown of the sale price and Tryg's share:

Tryg's share of the sale price is a substantial DKK 6.3 billion, and it's expected to have a positive impact on the company's financial performance.

Codan A/S has a strong financial foundation, with a revenue of DKK 1.4 billion in 2020. This revenue is a testament to the company's commitment to providing high-quality communication solutions.

The company's net profit for 2020 was DKK 120 million. This financial performance indicates a stable and profitable business model.

Codan A/S has a market capitalization of approximately DKK 4.5 billion. This significant market value is a reflection of the company's reputation and success.

The company's cash flow from operating activities was DKK 200 million in 2020. This positive cash flow is essential for funding future growth and investments.

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