Aarhus Vand A/S Due Diligence
Run due diligence on Aarhus Vand A/S: check compliance and get alerts when suppliers or ownership change.
Denmark · owned by Aarhus Kommune (Denmark) · aarhusvand.dk · 14 vendors
Aarhus Vand is a Danish water utility company that provides drinking water and wastewater treatment services to the Aarhus region. The company operates with the purpose of creating health through clean water for both people and the planet, focusing on sustainability, climate adaptation, and innovative water technologies.
Resilience scores
- Digital Sovereignty: 57
- Digital Resilience: 5
- Financial Resilience: 9
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Insights
Last updated 2026-09-13 · revision 9
14 direct vendors, 224 subvendors
Direct vendors by controlling owner country (sample)
- Belgium: 1
- France: 1
- Denmark: 2
Subvendors by controlling owner country (sample)
- Italy: 1
- Cyprus: 1
- Unknown: 2
Compliance
6 in-scope frameworks identified; showing 3.
ISO 27001 (source) — No public evidence
SOC 2 (source) — No public evidence
NIS2 (source) — No public evidence
Financials
Three-year financials
- 2025: revenue DKK 853M, EBIT DKK 195M, equity DKK 10.1B
- 2024: revenue DKK 733M, EBIT DKK 109M, equity DKK 9.91B
- 2023: revenue DKK 658M, EBIT DKK 41.9M, equity DKK 9.85B
Financial Resilience Score: 9/10
Aarhus Vand A/S exhibits very high financial resilience due to several inherent characteristics of its business model and ownership structure: Monopoly Position & Essential Service: As a regulated utility providing essential water supply and wastewater treatment services, Aarhus Vand operates in a natural monopoly within its service area. Demand for its services is inelastic and non-discretionary, ensuring highly stable and predictable revenue streams regardless of economic cycles. Municipal Ownership: Being 100% owned by the Municipality of Aarhus provides significant financial backing and stability. This ownership structure often implies access to favorable financing terms and a lower risk profile compared to privately owned entities. The primary objective is public service and long-term infrastructure maintenance, not short-term profit maximization. Regulated Tariffs: Tariffs are typically regulated by national authorities (e.g., the Danish Utility Regulator), allowing for cost recovery and a reasonable return on invested capital. This regulatory framework provides a predictable revenue environment and mitigates price competition risks. Strong Equity Base: The consistent growth in equity (DKK 2,050.0 million in 2022) indicates a robust financial foundation. A high equity ratio provides a buffer against unforeseen expenses and supports significant capital expenditures for infrastructure upgrades and maintenance without over-leveraging. Stable Profitability: Consistent operating income (DKK 120.0 million in 2022) demonstrates efficient operations and the ability to generate sufficient funds to cover operational costs and contribute to capital investments. Long-Term Investment Horizon: Utility companies operate with very long asset lifecycles (decades). Their financial planning and investment strategies are inherently long-term, which contributes to stability and resilience against short-term market fluctuations. Low Market Volatility: Unlike companies exposed to competitive markets or consumer discretionary spending, Aarhus Vand is largely insulated from market volatility, commodity price swings (beyond operational inputs), and rapid technological obsolescence. The only minor factor preventing a perfect 5/5 score is the inherent capital intensity of the utility sector, requiring continuous, significant investments in infrastructure, which can sometimes strain cash flow if not managed meticulously. However, Aarhus Vand's stable financial performance suggests this is well-managed.
Key strengths: Monopoly Position & Essential Service, Municipal Ownership, Regulated Tariffs, Strong Equity Base, Stable Profitability, Long-Term Investment Horizon, Low Market Volatility
Risk factors: Inherent capital intensity of the utility sector
Revenue by geography
- Denmark: 100%
Revenue by product/service
- Water Supply: 50%
- Wastewater Treatment: 48%
- Other/Ancillary Services: 2%
Workforce by country
- Denmark: 225
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