The National Bank of Denmark published statistics on Danish listed companies’ share repurchases, showing buybacks totalled DKK 47 billion in 2025, the lowest annual level since 2020. The release notes that buybacks have generally been higher after 2020 than in earlier years, and that activity was concentrated among a few large companies from 2020 to 2023, led by A.P. Møller – Mærsk, Novo Nordisk and DSV. In 2024 and 2025, buybacks were spread across a larger number of companies. The estimates are based on companies’ net transactions in their own shares and end-of-month prices, with employee shares potentially included and repurchases in months with capital reductions potentially missing.
National Bank of Denmark 2026-03-25
National Bank of Denmark reports Danish listed companies’ share buybacks fell to DKK 47 billion in 2025, lowest since 2020
The National Bank of Denmark reported that Danish listed companies' share repurchases totaled DKK 47 billion in 2025, marking the lowest annual level since 2020. While buybacks were previously concentrated among a few large firms, they were more widely distributed across companies in 2024 and 2025. The statistics are based on net transactions and end-of-month prices, with some data limitations noted.