Topsoe A/S
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Topsoe A/S - overview
Established
1940
Location
Kgs. Lyngby, -, Denmark
Primary Industry
Industrial Machinery
About
Topsoe A/S, based in Kgs. Lyngby, Denmark, specializes in catalysis technologies, focusing on sustainable fuel and chemical production, contributing to decarbonization and energy efficiency across various industries. Founded in 1940, Topsoe A/S provides advanced solutions for catalysis and the production of sustainable fuels and chemicals. The company has maintained its operations primarily from its headquarters in Kgs.
Lyngby, Denmark. Led by CEOs Grigory Evdokimov, Kim Hedegaard, and Roeland Baan, Topsoe has evolved its business strategy to enhance its product offerings and expand its market reach. Topsoe is a global leader in providing advanced technologies and solutions primarily focused on catalysis and the production of sustainable fuels and chemicals. The company’s core product offerings include catalysts that enhance chemical reactions in various industrial processes, facilitating the efficient production of ammonia, hydrogen, and sustainable aviation fuel (SAF).
Topsoe’s solutions are designed to address significant energy challenges, particularly in energy-intensive industries, by enabling decarbonization and improving process efficiency. The company's technologies are utilized by a diverse clientele, including refineries, chemical manufacturers, and the aviation sector, with a strong presence in markets such as Europe, North America, and Asia-Pacific. Major clients have included companies engaged in renewable fuel initiatives and traditional energy sectors looking to transition towards more sustainable practices. Topsoe generated a revenue of USD 1,366.
97 mn in 2023, with an EBITDA of USD 196. 86 mn. The company's revenue streams are driven by the sale of its catalysts and proprietary technologies, often structured around long-term contracts with industrial clients who implement these solutions into their operations. Revenue from flagship products, such as their catalysts for ammonia and hydrogen production and advanced SAF technology, forms a significant part of their income.
Clients typically engage in direct purchasing agreements, where they acquire the technology based on specific project requirements and operational needs, thereby ensuring recurring revenue through ongoing support and potential upgrades. The company’s strategic partnerships further enhance its revenue model, fostering collaborative efforts with entities focused on sustainability and innovative energy solutions.
Primary Industry
Industrial Machinery
Sub Industries
Power & Utilities, Industrial Machinery, Steel & Metals, Advanced Materials
Website
www.topsoe.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Topsoe A/S - timeline of key events
Topsoe A/S - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,201,000,000 | 4,421,000,000 | 5,244,000,000 | 5,348,000,000 | 5,685,000,000 | 5,785,000,000 | 5,824,000,000 | 5,011,000,000 | 5,617,000,000 | 5,931,000,000 | 6,179,000,000 | 6,225,000,000 | 6,845,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 5.2% | 18.6% | 2.0% | 6.3% | 1.8% | 0.7% | (14.0%) | 12.1% | 5.6% | 4.2% | 0.7% | 10.0% | - | - | - |
| EBITDA (USD) | 677,000,000 | 668,000,000 | 793,000,000 | 876,000,000 | 929,000,000 | 795,000,000 | 1,050,000,000 | 852,000,000 | 964,000,000 | 1,200,000,000 | 903,000,000 | 547,000,000 | 871,000,000 | - | - | - |
| Operating Income (USD) | 470,000,000 | 467,000,000 | 593,000,000 | 701,000,000 | 563,000,000 | 502,000,000 | 743,000,000 | 595,000,000 | 708,000,000 | 855,000,000 | 578,000,000 | 877,000,000 | 565,000,000 | - | - | - |
| Operating Margin | 11.2% | 10.6% | 11.3% | 13.1% | 9.9% | 8.7% | 12.8% | 11.9% | 12.6% | 14.4% | 9.4% | 14.1% | 8.3% | - | - | - |
| % EBITDA Margin | 16.1% | 15.1% | 15.1% | 16.4% | 16.3% | 13.7% | 18.0% | 17.0% | 17.2% | 20.2% | 14.6% | 8.8% | 12.7% | - | - | - |
| NET Income (USD) | 308,000,000 | 397,000,000 | 415,000,000 | 553,000,000 | 440,000,000 | 322,000,000 | 492,000,000 | (19,000,000) | 491,000,000 | 627,000,000 | 480,000,000 | 890,000,000 | 567,000,000 | - | - | - |
| % Net Margin | 7.3% | 9.0% | 7.9% | 10.3% | 7.7% | 5.6% | 8.4% | (0.4%) | 8.7% | 10.6% | 7.8% | 14.3% | 8.3% | - | - | - |
Topsoe A/S - employee data
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