Visma DataLøn A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Corporate mission and goalsVisma DataLøn A/S (hereafter Visma DataLøn) is a provider of payroll, Time and HR administration services. The company manages disbursement of salaries by means of its payroll systems and provides legal advice and services within HR administration and numerous related outsourcing services to support our customers in their everyday lives.Mission:Our mission is to simplify Payroll and personnel administrative tasks through technology and knowledge so you (our customers) can focus on what really matters to you and your businessWe live by our ValuesEntrepreneurialResponsibleDedicatedInclusive

Beskrivelse af usikkerhed ved indregning eller måling

The main payroll and frontend systems are significant intangible assets. In February 2024 we replaced our old mainframe payroll platform and migrated to a modern cloud computing platform. All costs connected to this project have been expensed.
During the fiscal year 2025, MDKK 2.1 in internal development costs related to IT projects was recognized as intangible assets. As at 31st December 2025 the carrying amount of completed development costs was MDKK 1.9.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Strategic key efforts in 2025In 2025 our key strategic objectives are:Grow customer base across all customer typesBuild competitive products and reduce technical debtOrganizational development and ensure ability to attract and retain skilled employeesDevelopment in activities and finances in 2025In 2025, Visma DataLøn realised a revenue of 438 MDKK compared to 426 MDKK in 2024. The increase, 2.9% compared to last year, is slightly less than budgeted. An increase in revenue of 4-5% was expected. The main reason for this, is a lower net customer intake than planned.
Result before net financials stands at 179 MDKK (2024: 158 MDKK) equal to a profit margin of close to 41% which is approx. 3% points better than last year. The profit margin is slightly better than planned and the improvement is mainly due tight cost control and the realized savings in connection with Go-live on the new and cost efficient payroll engine last year.
Net financials for 2025 amounted to a net income of 5.3 MDKK (2024: net income of 6.5 MDKK).
The profit of the year is considered satisfactory.Personal data, including EU General Data Protection Regulation (GDPR)Visma DataLøn comply with applicable privacy legislation, and in 2024, our new payroll platform achieved the highest security level in our comprehensive internal Visma Application Security Program. Furthermore, we have conducted successful recovery tests.
Additionally, we implemented a new compliance tool (NorthGRC) supporting an even more structured approach to security and compliance.
We have implemented AI in our way of working and updated our internal policies on this subject.
AI, which is rapidly evolving and calls for us to keep up with the development, both as users of AI internally and as providers of AI tools externally.
Legislation on GDPR remains a high priority and within the framework of our Information Security Board, we continued discussions and decisions on how to ensure the best possible protection of our customers' data. We make a significant effort to make certain our customers can feel secure in allowing us to handle their data: We have well-tested business processes, which we continually evaluate and train our employees to use, and we conduct awareness campaigns and training on security issues (ransomware, phishing attacks, etc.).
New colleagues are introduced to our security requirements and business processes, and all employees regularly participate in internal Visma e-learning programs and tests. We tailor our awareness program to be more relevant to the respective departments and focus on various topics throughout the year, including handling privacy incidents, data classification, and deletion. We continuously remind our colleagues on how to navigate and respond to external threats. In November 2024, we hired a specialist to give a lecture to all our colleagues – as well as colleagues in other Visma companies – about fraud. Our efforts are handled by our Data Protection Manager, Security Manager, and Workplace Experience Manager and are a regularly recurring theme at our monthly Information Security Board meetings.
DataLøn is ISAE 3000 compliant. We continually review and update our policies, including privacy risks, and our compliance process covers both product lines. In addition, we harmonize all future agreements with suppliers and business partners and conduct audits of all our suppliers.
Correct handling of personal data remains a major focus area for our customers, and in our courses, we help them understand and translate the many rules into their daily operations – in encounters with business partners, suppliers, and internally.Special risksIT security and business continuityWe are a software and domain knowledge company, and since our core services to customers are based on information technology, IT security, process security, and business continuity are the foundation of our business. This applies to both applications and our production processes, where quality assurance is paramount.
At Visma DataLøn, we demand a high level of security in our processes and with our subcontractors. Security is continuously tested and verified through audit reports, and audits are conducted by domain subject specialists.
We focus on security in all aspects every single day, and in October, we mark European Cyber Security Month with extra information on external threats, including AI phishing emails, ransomware, fraud, etc., and we end the month with a quiz on these topics.
We obtained an audit statement without corrections or remarks.Market conditions and fluctuationsWe are deeply dependent on market conditions, as the demand for our products and services is sensitive to economic developments, as the sale of payroll administration products is affected by the employment situation and the business climate in general. Whilst payroll is the core product for us, we try to minimize the risks of large fluctuations by having a portfolio of products and support services.
The generic economic climate combined with the geopolitical uncertainty during 2025 has still not had an extensive impact on the market situation. The inflation decelerated over 2025 from 2.9% end of 2024 to 2.7% in December 2025.Number of bankruptcies is also quite stable compared to last year.
The number of persons in employment grew during 2025 and exceeded 3 million and the unemployment rate is stable around 2.9-3.0%. The total workforce in Denmark has grown by approx. 400.000 during the last 10 years - mainly driven by international labor and seniors.Financial risksVisma DataLøn & ProLøn's business activity does not imply currency risk except for minor exposures in NOK, SEK and EUR related to intercompany trade and 3rd party suppliers. The Company manages interest rate risks mainly by the Visma Cash pool agreement. The company has no net interest bearing debt. Steps are taken to reduce credit risks from customers by having standard processes in place for collecting debts and rating major customers.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

No events materially affecting the Company's financial position have occurred subsequent to the financial year end.

Beskrivelse af virksomhedens forventede udvikling

The generic economic climate combined with the continuous war in Ukraine, the escalated crisis in the Middle East and the potential effects of the political changes in USA, still results in an uncertainty in the market. However, we generally do see some positive markers when it comes to employment, inflation and consumer confidence and the company does not face any direct threats in this context.
The company expects to improve the performance and expects an increase in revenue of 4 % during 2026. This together with the new cost-efficient payroll engine, will have a derived estimated positive effect on the profit before tax around 5-6% compared with 2025.