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Topsoe Blog

Topsoe’s revenue increased by 5%, while adjusted operating profit was up by 27%

08.08.2019
In the first half of 2019, revenue increased by 5% to DKK 2,757 million compared to the first half of 2018, while EBIT increased by 50% to DKK 440 million. When adjusting for special items, EBIT increased by 27% to DKK 375 million. The order backlog at June 30, 2019, was DKK 4,332 million, an increase of 33% compared to June 30, 2018. The...

Closing of the agreement for Temasek to buy 30% of the shares in Haldor Topsoe A/S from Haldor Topsøe Holding A/S and new members of the Board of Directors of Haldor Topsoe A/S

03.07.2019
Today, the agreement, announced on March 12, 2019, between Haldor Topsøe Holding A/S and Temasek for Temasek to purchase 30 percent of the shares in Haldor Topsoe A/S has been formally closed. Haldor Topsøe Holding A/S will remain the long-term majority shareholder.

Topsoe Annual Report 2018: Growth and strong results

26.03.2019
Revenue increased by 12% to DKK 5,617 million Earnings Before Interest and Tax (EBIT) increased by 19% to DKK 708 million Profit from continuing operations increased by 25% to DKK 507 million Cash flow from operating activities was DKK 1.2 billion Continuing operations DKK million 2018 2017 Change 2017-2018 Revenue 5,617 5,011  12% EBITDA 964 852...

Haldor Topsøe Holding A/S sells minority stake to Temasek

12.03.2019
Today, Haldor Topsøe Holding A/S and Temasek have signed an agreement for Temasek to purchase 30 percent of the shares in Haldor Topsoe A/S. Closing of the agreement is expected later this year. Haldor Topsøe Holding A/S, which is 100% owned by the Topsøe family, will remain the long-term majority shareholder.

Half-year results in line with outlook despite impact from planned US sanctions and declining technology markets

08.08.2018
Revenue increased by 3% to DKK 2,630 million, while EBIT decreased to DKK 294 million in the first half of 2018 The financial results were impacted by the planned reinstatement of US sanctions on Iran and slow-moving technology markets. The results are in line with the outlook for 2018 Topsoe plans to reduce the staff by around 200 as a...

The ownership family of Haldor Topsoe A/S has initiated a search to find a financial minority investor

12.06.2018
The Topsøe family and Haldor Topsoe A/S have initiated a search process to find a potential investor in order to accelerate growth. It is the intention to list the shares in Haldor Topsoe A/S at a later time. Haldor Topsoe Holding A/S will remain the long-term majority shareholder.

Annual General Meeting in Haldor Topsoe A/S

20.03.2018
Haldor Topsoe A/S held the Annual General Meeting of the company on March 20, 2018, at the company’s address at Haldor Topsøes Allé 1, 2800 Kgs. Lyngby, Denmark.

Topsoe Annual Report 2017: Focus on consolidating the business

20.03.2018
Continuing operations generated revenue of DKK 5,011 million, EBIT of DKK 595 million (equaling an EBIT margin of 12%), and net profit of DKK 403 million. The overall financial results were negatively impacted by the sale of the automotive and stationary DeNOx business areas. Continuing operations DKK million 2017 2016 Change 2016-2017 Change...

Annual general meeting of Haldor Topsoe A/S

05.03.2018
Haldor Topsoe A/S’ shareholders are hereby invited for the annual general meeting to be held on Tuesday, March 20, 2018, at 15:50 at Haldor Topsøe A/S, Haldor Topsøes Allé 1, 2800 Kgs. Lyngby. 

Revenue and EBIT growth from continuing business – half-year results impacted by sale of business areas

15.08.2017
Revenue and EBIT from Topsoe’s continuing business increased 5% and 8%, respectively, in the first half of 2017, when adjusting for one-time effects of restarted contracts in 2016. The financial results were significantly impacted by Haldor Topsoe’s recent divestment of its emissions control business areas which involved a total estimated loss of...

Topsoe Annual Report 2016: Significantly improved profitability in challenging markets

21.03.2017
Revenue and EBIT reached an all-time high, revenue grew by 1%, and operating profit (EBIT) increasedby 48%. Revenue and EBIT were positively impacted by restarted contracts, reduced cost base, and increased revenue from technology sales. On the other hand, revenue was negatively affected by low raw material prices. Despite difficult market...

Increased profitability in first half of 2016

12.08.2016
Revenue was DKK 2,836 million in the first half year of 2016, which is in line with the same period in 2015. EBIT was DKK 435 million, an increase of 105% compared to same period in 2015.These results have been achieved in an overall challenging market through increased technology business and  initiatives to reduce costs.

Chairman of the Board Henrik Topsøe resigns due to illness

12.08.2016
Vice Chairman Jeppe Christiansen becomes new Chairman of the Board of Haldor Topsoe A/S.

Annual General Meeting in Haldor Topsoe A/S

31.03.2016
Haldor Topsoe A/S held the Annual General Meeting of the company on 31 March, 2016  at the company’s address at Haldor Topsøes Allé 1, 2800 Kgs. Lyngby, Denmark. The agenda of the Annual General Meeting was as follows:

Topsoe Annual Report 2015: Results influenced by challenging market conditions, but market shares maintained

31.03.2016
Revenue grew by 2%; however, adjusted for currency fluctuations, revenue dropped by 4% Operating profit (EBIT) was reduced by 11% Results did not meet growth ambitions, but market shares were maintained, as the entire industry was affected by challenging market conditions  Initiatives implemented in 2015 have reduced cost base Topsoe’s revenue...

New customer needs makes Topsoe downsize top management

19.01.2016
The markets Haldor Topsoe operates in show a receding development these years. In spite of that – and in spite of intensified competition –Topsoe has managed to maintain its market shares. Now the company makes the organization even more agile with the clear purpose of matching global customers’ needs and expectations – faster and more efficiently.

Haldor Topsoe A/S expands the board of directors

16.12.2015
The two new members bring important experience from innovative and successful technology-driven companies that will support Topsoe’s strategy and business development.

Half year statement 2015

13.08.2015
Market share maintained in a difficult first half year for Haldor Topsoe A/S A satisfactory 18% increase in catalyst revenue was not sufficient to counterbalance a significant decrease in technology revenue of 30%. Overall market share was maintained and the ambition for the future is still to keep growing faster than the market. However, the...

Market share maintained in a difficult first half year for Haldor Topsoe A/S

13.08.2015
A satisfactory 18% increase in catalyst revenue was not sufficient to counterbalance a significant decrease in technology revenue of 30%. Overall market share was maintained and the ambition for the future is still to keep growing faster than the market. However, the general market slowdown due to continued recession in emerging markets along with...

Haldor Topsoe A/S lowers guidance for 2015

24.06.2015
Due to slow-down in order intake of technology projects influenced by a general downward trend on the global market for technology projects, Haldor Topsoe A/S is revising down its 2015 forecast 2015 revenue is now expected to be on level with 2014 compared to previous guidance of expected revenue increase in 2015 EBIT margin is now expected to...