OK a.m.b.a. Due Diligence

Run due diligence on OK a.m.b.a.: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (consumer-owned cooperative) (Denmark) · www.ok.dk · 18 vendors

OK a.m.b.a. is a Danish cooperative energy company offering a wide range of energy products and services to private, business, and public customers. The company operates more than 670 local fuel stations across Denmark and also sells heating oil, electricity, natural gas, and heat pumps. As a consumer-owned cooperative (a.m.b.a. = andelsselskab med begrænset ansvar), it is one of Denmark's largest energy distributors.

Resilience scores

Digital Sovereignty: 33
Digital Resilience: 7
Financial Resilience: 7

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Services catalogue

1 service in catalogue across 1 category; runs on 18 sub-vendors.

Personal Data Processing

Insights

Last updated 2026-09-13 · revision 7

18 direct vendors, 202 subvendors

Direct vendors by controlling owner country (sample)

Poland: 1
Australia: 1
Denmark: 1

Subvendors by controlling owner country (sample)

Germany: 4
Taiwan: 1
Brazil: 1

Compliance

10 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2025: revenue DKK 47.0B, EBIT DKK 1.28B, equity DKK 7.92B
2024: revenue DKK 32.2B, EBIT DKK 1.76B, equity DKK 7.37B
2023: revenue DKK 16.8B, equity DKK 5.44B

Financial Resilience Score: 7/10

OK a.m.b.a. maintains a strong financial foundation with equity of DKK 7.37bn at end-2024 and a diversified business model spanning fuel retail, EV charging, electricity supply, smart meters (Kamstrup), grocery retail (Coop), and North Sea oil interests. The cooperative ownership structure provides patient, long-term capital and equity has more than doubled from DKK 3.5bn in 2020 to DKK 7.4bn in 2024, reflecting substantial retained earnings without dividend leakage. Net profit reached a record DKK 1.52bn in 2024, boosted by a negative goodwill gain on the Coop acquisition. However, the 2024 Coop Danmark acquisition materially changed the risk profile. The group solvency ratio dropped from 56.8% to 33.4%, and long-term debt jumped from DKK 57m to DKK 4,028m as Coop's mortgage/credit debts were consolidated. Coop has had years of poor financial results and is described as 'still some distance from realizing its potential,' requiring significant turnaround investment. The parent-level solvency remains strong at 57.4%, providing a cushion. Structural risks include the secular decline in fuel volumes (down from 1,778k m³/t in 2021 to 1,627k in 2024) as EVs take over, requiring heavy capex for EV charging infrastructure (target: 6,000 public chargers by end-2026). Kamstrup saw a 2024 slowdown due to customer destocking after a record 2023. Overall, OK's diversification, market leadership in Denmark, and strong parent balance sheet support resilience, but the Coop turnaround and energy transition capex introduce meaningful medium-term risk.

Key strengths: Strong equity base of DKK 7.37bn (2024), more than doubled since 2020, Diversified revenue streams across fuel, EV charging, electricity, meters, grocery, and oil, Cooperative ownership provides patient long-term capital, Danish market leadership: >680 stations, >5,600 EV chargers, ~280,000 electricity customers, Kamstrup provides international revenue diversification, Parent solvency ratio remains robust at 57.4%, Record net profit of DKK 1.52bn in 2024, Danoil North Sea oil interests generate cash for green transition

Risk factors: Coop acquisition drove group solvency down from 56.8% to 33.4%, Coop Danmark has weak underlying profitability requiring turnaround investment, Long-term debt jumped from DKK 57m to DKK 4,028m at group level in 2024, Structural decline in fuel volumes (~2%/year) as EVs replace ICE vehicles, Kamstrup 2024 revenue/earnings declined due to customer destocking, Heavy capex needed for EV charging rollout (6,000 chargers by 2026), Commodity price volatility (oil, gas, electricity), EBIT declined 38.3% in 2024 despite revenue nearly doubling

Revenue by geography

Denmark: 95%
International (Norway, USA, Germany, Luxembourg, other Kamstrup exports): 5%

Revenue by product/service

Wholesale & Retail (Coop) + Metering (Kamstrup) + Other Subsidiaries: 62%
Fuel, Energy & E-mobility (Parent): 38%

Workforce by country

Denmark: 26391

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