The year we
built forward.
the numbers, the operations, market changes and the outlook behind another year of growth.
Figures are derived from the audited financial statements and have been prepared using the recognition and measurement policies described in the accounting policies.
A Steady Hand,
a Bolder Plan
“We are not pursuing growth for its sake. We are building Carzelle A/S to serve customers better – combining deep market knowledge, disciplined execution and technology that makes every transaction simpler, more transparent and more reliable.”
The year was defined by disciplined execution and purposeful progress. In a demanding market, we maintained our course and continued to strengthen the foundations for growth.
Read the full statementEight sections, eight ways in
The full annual report
68 pages, fourteen sections — including the accounting policies, the independent auditor’s report and the complete financial statements.
A Steady Hand,
a Bolder Plan
“We are not pursuing growth for its sake. We are building Carzelle A/S to serve customers better – combining deep market knowledge, disciplined execution and technology that makes every transaction simpler, more transparent and more reliable.”
The year was defined by disciplined execution and purposeful progress. In a demanding market, we maintained our course and continued to strengthen the foundations for growth.
Our progress reflects the commitment of our employees and the confidence placed in us by customers and partners. During the year, we improved our operations and invested in the digital solutions, IT capabilities, and services needed to make working with Carzelle A/S simpler, more efficient, and more transparent.
Financial discipline remains central to how we manage the business. At the same time, long-term success requires the confidence to invest, develop, and pursue new opportunities. Our plan for the years ahead is therefore bolder: to accelerate digital development, expand our customer-focused solutions, and build the capabilities required to compete in a changing market.
We enter the new financial year with a clear direction and a strong sense of purpose. By combining careful management with ambition, we aim to create sustainable value for our customers, employees, and partners.
Strengthening IT Systems
Alongside digitalization, Carzelle A/S is placing strong emphasis on strengthening its IT capabilities. Modern, secure, and scalable IT systems are at the core of delivering reliable service. By investing in advanced IT infrastructure and cloud solutions, the company is ensuring that both customers and partners can rely on Carzelle A/S as a technologically robust partner.
In addition to digital initiatives, Carzelle A/S will invest in value-adding services that directly support our customers’ needs and ambitions. These services are designed to go beyond traditional offerings, providing customers with tools, insights, and solutions that help them succeed in their own businesses. By focusing on customer-centric innovation, we aim to create stronger, more collaborative relationships that endure over time.
Management remains committed to balancing resilience and sound governance, which continue to be cornerstones of our business philosophy. At the same time, we recognize that growth and competitiveness require ongoing investment in new capabilities and in the people who drive our success.
The digital customer journey should be simple and consistent from initial access through completed delivery. Carzelle A/S will continue reviewing where customers experience delays, uncertainty or unnecessary manual steps. Platform improvements will be directed towards these points.
The long-term objective is a customer experience in which relevant information is available when needed, responsibilities are clear and personal support remains accessible. Digitalization should enhance relationships rather than make the service impersonal.
Carzelle A/S has invested in the development of digital solutions and strengthening IT capabilities, which are considered significant intangible resources for the company’s future growth and efficiency. The company has continued investing in digital business processes, information technology, data management, and process optimization to improve operational efficiency and customer experience. These investments support faster decision-making, improved inventory control, enhanced logistics coordination, and more efficient communication with customers and suppliers.
A Profitable Year – with a Deliberate Reinvestment Agenda
Carzelle A/S continued to strengthen the foundations required for scalable growth.
A focused scorecard to connect activity to accountability. Indicators to drive change decisions. Figures are derived from the audited financial statements and have been prepared using the recognition and measurement policies described in the accounting policies. Any key ratios are calculated consistently for all periods presented using the methods set out in the report.
Expanding our reach across Europe.
Transparency in transactions.
Simplifying every step to create a faster, more efficient and scalable way of working.
Scale with Focus & Discipline
We pursue growth where it creates meaningful customer value and can be delivered with financial and operational discipline.
A Market Moving Decisively to Electric
Electric cars became the Danish mainstream in 2025.
Denmark’s vehicle market is changing quickly across new registrations, the installed fleet and used-car trading.
BEVs represented 68.2% of new passenger-car registrations, up from 51.4% in 2024.
Source: Statistics Denmark
Growing with the Danish EV Market
Strengthening our share as Denmark accelerates towards electric mobility.
*FY 2023/2024 represents Carzelle’s first reporting period and covers eight months, compared with the subsequent 12-month financial years.
The Danish car market has undergone a rapid shift towards electric mobility. Electric cars represented around one-third of new car registrations in the second half of 2023, rising to more than 70% by early 2026. As EVs have become the dominant choice for new cars, the pace of this transition has begun to moderate compared with rapid growth seen previously.
Against this evolving market backdrop, Carzelle A/S has continued to strengthen its position. Our share of Danish EV registrations increased from 1.7% in our first reporting period to 4.1% in FY 2024/2025, reaching 4.5% in FY 2025/2026.
The calculation reflects Carzelle A/S’s estimated share of Danish EV registrations. Differences between the timing of sale, delivery and registration may affect the period in which individual vehicles are included.
Reinvestment Program
The reinvestment program will focus on initiatives that deliver tangible and lasting benefits to our customers while strengthening confidence in Carzelle A/S as a reliable and trusted business partner. Investments will be prioritized based on their ability to improve the customer experience, enhance service quality and support efficient, responsible operations.
By directing resources towards areas that create measurable value, Carzelle A/S aims to reinforce long-term customer relationships and provide a strong foundation for sustainable development.
A central element of the program is the continued development of digital solutions. These initiatives are intended to increase transparency, improve operational efficiency and make interactions with Carzelle A/S simpler and more intuitive. This may include streamlining customer-facing processes, improving access to relevant information and providing clearer and more timely communication throughout the customer journey.
The reinvestment program reflects the company’s commitment to continuous improvement and responsible long-term development. Progress will be assessed against the practical benefits delivered to customers and the program’s contribution to stronger, more transparent and efficient ways of working.
In line with our long-term strategy, the Board of Directors has decided not to propose a dividend for 2025/2026. Instead, the company will reinvest its profits into the business.
“This year, we stayed focused—innovating, empowering, creating value."
Jens Brinch Olesen, C.E.O.Strategic Priorities
Looking forward, Carzelle A/S will continue to pursue opportunities that align with our strategic priorities: strengthening our financial foundation, expanding customer-focused solutions, enhancing IT and digital capabilities, and promoting transparency in everything we do.
By staying true to these principles, we aim to secure our role as a stable, competitive, and customer-centric company that thrives well into the future.
Company Information
8541 Skødstrup
CVR: 44 21 02 23
CVR: 44 20 99 42
Board of Directors
Leads overall vision and strategic direction, with a special focus on sales and market expansion. He ensures that the company stays true to its digital-first, efficiency-driven model.
Oversees financial health and operational excellence. She plays a critical role in streamlining internal processes and ensuring the company’s operational resilience and scalability.
Drives technology strategy, ensuring secure, reliable, and innovative digital solutions. His leadership in IT ensures the company’s ability to deliver transparent customer interactions.