Nic. Christiansen Group delivered a satisfactory result in a turbulent 2025

Nic. Christiansen Group generated revenue of DKK 12 billion in 2025, while operating profit amounted to DKK 212 million.

Due to expectations of a continued challenging aftersales market in 2026, an extraordinary impairment of goodwill of DKK 30 million has been recognised in the Skorstensgaard workshop chain. This brings total profit before tax to DKK 151.6 million. Adjusted for this impairment, profit before tax would have been DKK 181.6 million, compared with expected DKK 178 million.

The financial position remains robust, with equity of DKK 1.2 billion and an equity ratio of 36.7%.

2025 was characterised by strong performance in the major business areas Ford, Hyundai, Bayern AutoGroup and NCG Importer Finance. At the same time, significant investments were made in the introduction of new electric vehicle brands, the integration of dealer activities in Germany, as well as a strategic restructuring of the dealer network and the development of a new used car concept.

“The result meets our expectations and is satisfactory in light of the turbulent market and the significant price reductions on electric vehicles in 2025. At the same time, we are very pleased to have executed on our strategy, and with 2025 we have completed a strategic phase focused on acquisitions. In recent years, we have transformed our business from dispersed activities across the Nordic region into a more focused operation in Denmark and Northern Germany. We are now closer to our customers across the entire value chain – from import to sales, leasing, workshops and the used car market,” says Niels Vrist Bertelsen, CEO of Nic. Christiansen Group.

In 2025, Ford was integrated into the Danish business, meaning that the Group now handles the import and distribution of both passenger cars and vans from Ford in Denmark, while the German BMW dealer STADAC has become part of the Northern German operations.

During the year, Nic. Christiansen Group also entered into agreements to acquire Sondrup Bilcenter and Autohuset Vestergaard, the latter still subject to regulatory approval.

Although the result for 2025 meets expectations, the year also highlights that a number of planned synergies from acquisitions still need to be realised.

“We have grown significantly in a short period of time, and in the coming period we will therefore focus on ensuring that all parts of the Group operate optimally together, so that we can improve profitability in the units that are not yet delivering satisfactory results. This requires prioritisation, and we will continuously assess where we can create sustainable value – and where we cannot,” says Niels Vrist Bertelsen.

Over the past five years, Nic. Christiansen Group has doubled its number of employees, while revenue has grown by DKK 4.8 billion. These figures will increase further following the expected regulatory approval of the acquisition of Autohuset Vestergaard, which currently has 17 branches and approximately 900 employees.

In 2026, Nic. Christiansen Group expects revenue of approximately DKK 15 billion and profit before tax of DKK 160–180 million, before the effects of new acquisitions. With the acquisition of Autohuset Vestergaard, Nic. Christiansen Group will employ around 2,500 people.

“Based on the strategic investments made in recent years, a robust balance sheet and an organisation with broader capabilities than before, Nic. Christiansen Group has never been stronger. We have built a far more integrated business with multiple brands and with passenger cars, vans and, in time, also trucks. This provides us with a solid business foundation in a turbulent time for the industry,” says Niels Vrist Bertelsen.