Nasdaq CopenhagenIFRS · DKK

MANNAZ A/S

MANNAZ A/S is a Danish professional services company based in Copenhagen. It operates as a management and leadership consultancy, typically serving organizations that need support with organizational development, leadership training, and human-capital related advisory work.

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Revenue135m DKK
−0.1 %y/y
Operating profit (EBIT)2.4m DKK
−6.5 %y/y
EBIT margin1.8%
−0.1 ppy/y
Net income2.2m DKK
+61.6 %y/y
Free cash flow2.7m DKK
−0.4 %y/y

Fiscal year 2025 · change from previous year

Development 2024–2025

050100150m DKK2024: 135 m DKK2024: EBIT 2.5 m DKK20242025: 135 m DKK2025: EBIT 2.4 m DKK20251352.4
RevenueOperating profit (EBIT)
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Business

Share of revenue
Leadership development35 %

Programs and training designed to strengthen leadership capability and managerial effectiveness.

Organizational consulting30 %

Advisory work on structure, change, and operating-model improvements.

Facilitation and workshops20 %

Custom workshops, facilitated sessions, and learning interventions for teams and managers.

HR and people advisory15 %

Support for talent, culture, and people-process topics within client organizations.

Customers

Mannaz primarily sells to organizations that want to improve leadership, management capability, and internal collaboration. Its clients are typically corporate, public-sector, and other large institutions that buy tailored advisory and training services rather than standardized products. Demand is driven by the need to build people capabilities, manage organizational change, and support execution across teams.

Corporate enterprises

Buy leadership development, facilitation, and organizational consulting to improve management capability and execution.

Public-sector organizations

Purchase training and advisory services for leaders, teams, and internal change initiatives.

HR and people functions

Use Mannaz for talent, culture, and people-development programs across the organization.

Executive and board-level sponsors

Commission strategic workshops, leadership programs, and organizational alignment work.

Strategy

Mannaz’s strategic position depends on maintaining relevance in leadership and organizational development, where clients buy trust, expertise, and tailor-made delivery. Its priorities are likely to revolve around deepening client relationships, keeping its advisory content current, and preserving the quality of its consultant network and learning formats. In this business model, differentiation comes from domain expertise, facilitation quality, and the ability to translate management concepts into practical client outcomes.

Strengthen client retention and repeat businessShort term

Professional services depend on recurring assignments and trusted relationships.

Differentiate through specialized advisory contentMedium term

Clients choose providers that combine practical tools with credible management expertise.

Broaden service mix across learning and consultingMedium term

Cross-selling increases wallet share and reduces dependence on a single project type.

Geography

Mannaz is headquartered in Copenhagen, Denmark, and its business is centered on the Danish market. The available filing excerpt does not disclose a broader country or regional revenue split, so the company profile should be viewed as Denmark-centered with any international exposure not specified in the provided source. As a services business, geography matters mainly through client proximity, local language/cultural fit, and access to the Nordic buyer base.

Risks

Mannaz faces the typical risks of a people-based services firm: demand can be cyclical because clients can delay training and consulting projects when budgets tighten. The business is also exposed to execution risk, since service quality depends on consultant talent, consistent delivery, and the ability to keep offerings relevant to changing management needs.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Dependence on consultant expertise1Demand sensitivity to client budgets2Competitive pricing pressure3
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. Dependence on consultant expertiseImpact: HighLikelihood: High

    Service quality and client retention rely on experienced advisers and facilitators.

    Exposure: Delivery capacity and repeat business

  2. Demand sensitivity to client budgetsImpact: HighLikelihood: Medium

    Leadership training and advisory projects are often discretionary spend and can be postponed.

    Exposure: Project pipeline and utilization rates

  3. Competitive pricing pressureImpact: MediumLikelihood: High

    The market includes boutiques, freelancers, and larger consulting firms offering similar services.

    Exposure: Fee rates and margin structure

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Accounting

Judgemental items
Revenue recognition

Consulting and training revenue may be recognized over time based on delivery milestones or hours performed.

Impact: Can shift revenue between periods depending on project timing

Deferred revenue

Prepaid workshops or programs may be recorded as liabilities until services are delivered.

Impact: Affects reported revenue timing and short-term liabilities

Employee cost accruals

Service firms carry payroll, bonus, and vacation accruals tied to project delivery.

Impact: Can materially affect operating expenses and working capital

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Last updated: 24/10/2026

MANNAZ A/S Revenue, Earnings & Financials 2025 – Clarifo