Royal Greenland

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Royal Greenland
Company typeAktieselskab
IndustrySeafood
Fishing
Founded1774 as Den Kongelige Grøndlandske Handel
Headquarters
Nuuk
,
Greenland
Area served
Worldwide
Key people
ProductsSeafood
Caviar
Commercial fishing
Fish processing
Convenience
Smoked and Marinated fish
Dried fish
RevenueDecrease DKK 5,622 million (2024)
Decrease DKK -265 million (2024)
Number of employees
2,087 (2024)
Subsidiaries
List
Websiteroyalgreenland.com

Royal Greenland A/S is a fishing company that, in addition to being 100% owned by the Greenlandic self-government, is also the country's largest company.[1] The company describes itself as "working locally and selling globally for the benefit of our 56,000 Greenlandic co-owners".[2] The company has about 2,000 employees, of which approximately 1,300 are in Greenland. The company's headquarters are located in Nuuk.[3]

Royal Greenland's management consists of Preben Sunke (interim CEO), Jan H. Lynge (EVP and CFO), and Bodil Marie Damgaard (EVP HR and Communication).[4]

The company's board of directors includes Maliina Abelsen (chairperson), Niels Søren Thorsen (vice-chairperson), Preben Sunke, Karsten Høy, Arnanguaq Holm Olsen, Johan Bertelsen, Niels Ole Møller, and Sara Biilmann Egede.[5]

Fishing

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The company is engaged in core species such as cold-water shrimp, Greenland halibut, snow crab, and cod. Sales from the four catch groups account for 83% of the company's revenue of 5.622 billion Danish kroner.[6]

Royal Greenland's own fishing delivered 54,000 tons of raw materials in 2024, while independent fishermen delivered 57,544 tons of raw materials in the same year.

The company has 49 factories in Greenland, Canada, and Germany, which process and package the catches into finished products.

Royal Greenland's fleet consists of nine offshore trawlers for fishing shrimp, Greenland halibut, cod, and pelagic species, as well as one inshore shrimp trawler. The company launched a comprehensive fleet renewal program in 2019 to strengthen the company's competitiveness and product capacity. The program was completed in the summer of 2025 with the return of the fifth and final trawler, Kaassaassuk, which has the latest technology on board, including robotic palletizing.[7]

Social Responsibility

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Royal Greenland operates based on a "social contract"[8] with the aim of contributing positively and making a difference for the Greenlandic society.

This includes, among other things, educating and developing employees, strengthening local communities, acting responsibly and respectfully with local fishermen, and protecting the biological and social sustainability in the areas where the company operates.

History

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Royal Greenland's history dates back to 1774, when it was established under the name Den Kongelige Grønlandske Handel.

The company had a state monopoly until 1950 and existed in its then form until 1985. It was then established as an export company under the name Proeks (later Royal Greenland).

In 1979, the Greenlandic Home Rule Government took over the company, and, in 1990, it was established as an independent limited company.

HDMS Akamalik, a Royal Greenland vessel, anchored in Sisimiut

References

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  1. ^ "About us". Royal Greenland A/S. Retrieved 2025-08-06.
  2. ^ "Our purpose". Royal Greenland A/S. Retrieved 2025-08-06.
  3. ^ "Det Centrale Virksomhedsregister", Wikipedia, den frie encyklopædi (in Danish), 2025-07-16, retrieved 2025-08-06
  4. ^ "Corporate structure and governance of Royal Greenland". Royal Greenland A/S. Retrieved 2025-08-06.
  5. ^ "Corporate structure and governance of Royal Greenland". Royal Greenland A/S. Retrieved 2025-08-06.
  6. ^ "Royal Greenland publishes its annual report for 2024". Royal Greenland A/S. 2025-04-25. Retrieved 2025-08-06.
  7. ^ Christensen, Af Sebastian C. (2025-07-30). "Sidste skib i flådefornyelsen skal effektivisere rejekampen". Food Supply DK. Retrieved 2025-08-06.
  8. ^ "Our societal contract". Royal Greenland A/S. Retrieved 2025-08-06.
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