Nasdaq CopenhagenIFRS · DKK

ØRESUNDSBRO KONSORTIET I/S

ØRESUNDSBRO KONSORTIET I/S is the Danish-Swedish joint venture that owns and operates the fixed Øresund link between Copenhagen and Malmö. Its core business is providing road and rail connectivity across the Øresund Strait through the bridge-tunnel infrastructure and related toll-based transport services.

Operating profit (EBIT)2,696m DKK
+50.9 %y/y
Net income2,913m DKK
+67.0 %y/y
Free cash flow2,002m DKK
+4.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

01,0002,0003,000m DKK2020: EBIT 1,248 m DKK20202021: EBIT 1,078 m DKK20212022: EBIT 1,542 m DKK20222023: EBIT 2,565 m DKK20232024: EBIT 1,787 m DKK20242025: EBIT 2,696 m DKK20252,696
RevenueOperating profit (EBIT)

Business

Share of revenue
Road toll crossing75 %

Vehicle passage across the Øresund link, paid for by road users and commercial transport operators.

Rail infrastructure access20 %

Rail connectivity services that support passenger and freight trains over the fixed link.

Infrastructure operation and maintenance5 %

Management, upkeep, and safe operation of the bridge, tunnel, and connecting facilities.

Customers

The consortium serves commuters, private motorists, freight operators, and rail users that need a fixed crossing between eastern Denmark and southern Sweden. Its traffic base is tied to everyday cross-border mobility, regional trade flows, and transport operators that value a reliable year-round link.

Passenger motorists

Individuals and families buying road passage for regular travel, leisure trips, and cross-border access.

Commuters

Daily cross-border travelers who rely on the fixed link for work and regional mobility.

Freight and logistics operators

Commercial road transport users purchasing reliable corridor access for goods movement.

Rail operators

Passenger and freight rail services that use the rail infrastructure component of the link.

Strategy

The consortium's strategic position depends on keeping the Øresund link safe, reliable, and attractive to road and rail users. Its priorities center on maintaining the infrastructure, supporting seamless cross-border transport, and preserving the role of the link as a key regional corridor.

Infrastructure reliability and maintenanceMedium term

The business depends on uninterrupted operation of a single critical transport asset.

Traffic corridor utilizationMedium term

Higher and steadier traffic volumes improve the utility of the fixed link.

Cross-border connectivityLong term

The asset's value comes from linking two national transport systems.

Geography

The business is centered on the Øresund region, connecting Denmark and Sweden through the fixed link between Copenhagen and Malmö. Its revenue and traffic exposure are therefore concentrated in a single cross-border corridor, making regional mobility, trade, and travel patterns especially important.

Risks

The main risks are traffic volatility, maintenance and outage risk, and the concentration of the business in one infrastructure asset. Because the consortium depends on one corridor, adverse changes in cross-border mobility, competitive transport alternatives, or major repair needs can affect operations and demand.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Single-infrastructure concentration1Traffic demand volatility2Maintenance and outage disruption3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Single-infrastructure concentrationImpact: HighLikelihood: High

    Revenue and strategic value depend on one fixed link between Denmark and Sweden.

    Exposure: Bridge-tunnel asset and associated traffic flows

  2. Traffic demand volatilityImpact: HighLikelihood: Medium

    The business depends on commuter, passenger, and freight volumes across the corridor.

    Exposure: Road tolls and rail-related usage

  3. Maintenance and outage disruptionImpact: HighLikelihood: Medium

    Unexpected repairs or planned works can limit access and reduce traffic temporarily.

    Exposure: Infrastructure uptime and service continuity

Accounting

Judgemental items
Infrastructure depreciation

Bridge and tunnel assets are long-lived and their depreciation schedules affect earnings over time.

Impact: Reported operating result and asset carrying values

Maintenance capitalization

The boundary between capital expenditure and expense influences current-period profit and asset values.

Impact: EBIT and invested capital

Impairment and provisions

Large fixed assets may need impairment reviews, and future repair obligations may require provisions.

Impact: Balance sheet and earnings volatility

Publicly listed companies with a comparable business focus.

Last updated: 24/10/2026