Two of Denmark’s major investors are partnering to invest in private equity. Lars Larsen Group acquires a stake in the asset manager IIP Denmark, established and owned by the pension fund PKA. Simultaneously, Lars Larsen Group will invest a minimum of DKK 7.5 billion in IIP’s funds through to 2032. PKA continues as primary owner of and the largest investor in IIP.
Today, on 10 April 2025, JYSK opens the first two stores in Casablanca, Morocco. The opening not only establishes JYSK’s presence in Africa but also marks a significant milestone as the company expands into its 50th country.
ScanCom International welcomes Alexander Falter as new Chief Executive Officer of the outdoor furniture production company.
For the 19th consecutive year, JYSK and Lars Larsen Group support the charity fundraising Danmarks Indsamling. This year, the two companies are donating DKK 2 million to help children in need.
Lars Larsen Group A/S, with the subsidiaries JYSK, Actona Group, BOLIA, ILVA, SOFACOMPANY and ScanCom International, has achieved validation and approval of its CO2e reduction targets by the internationally acclaimed Science Based Targets initiative.
Lars Larsen Group sets a new revenue record for the financial year 2023/24 and delivers its second-best result before tax.
The total revenue of Lars Larsen Group reached DKK 48 billion in the financial year 2023/24, an increase of six percent compared to the previous financial year. The increase in revenue is especially due to the performance of the largest subsidiary in the Group, JYSK.
Col
For the financial year 2023/24, JYSK delivered an EBIT result of DKK 4.43 billion (EUR 594 million) and increased its turnover to DKK 41.4 billion (EUR 5.6 billion). The global home furnishing retailer invested in lowering its already competitive prices on over half of its popular quality products and set a new customer record.
During the financial year 2023/24 (FY24), global uncertainties and
In the financial year 2023/24, SENG in Denmark reports revenue on par with the previous year at DKK 188.7m. The same applies to the EBIT result, which stands at DKK -5.9m, compared to last year's revenue of DKK 192.5m and EBIT of DKK -5.7m.
The new annual report from Danish design company BOLIA reveals growth and development across the board. The report shows an increase in revenue of 17 percent to DKK 1.43 billion, a rise in EBITDA of 54 percent from DKK 78.3 million to DKK 120.7 million and an EBIT result of DKK 28.2 million, which is an improvement of DKK 44.2 million compared to the previous year.
Large customer inventories of outdoor furniture and rising freight costs affected the annual results for outdoor furniture manufacturer ScanCom International. A new strategic direction for the company aims to make ScanCom International profitable again.
The internationally acclaimed Science Based Targets initiative (SBTi) has approved JYSKs greenhouse gas emissions reduction targets in accordance with the Paris Agreement. The greatest impact will come from reducing emissions in the production of products.
Today, Denmark's largest chain of home furnishing stores, ILVA, presents a turnover of DKK 1.42bn for the financial year 2023/24 in Denmark. This represents a 3 percent increase. Revenue also grew in the Swedish market with an increase of 8 percent, and on ILVA's web shop revenue growth exceeded 17 percent.
