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Topics: Retail

  • "This year's result demonstrates that as a group, we can navigate the challenges we meet and seize the opportunities that arise." President and CEO of Lars Larsen Group, Jesper Lund.

    Lars Larsen Group presents record revenue and sustains ambitions of growth

    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.
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  • JYSK delivers record results with investments in lower prices

    JYSK delivers record results with investments in lower prices

    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

  • "The Swedish consumers have given us a warm welcome and we would like to open even more stores in Sweden.” CEO of SENG, Hanne Bang Vorre.

    SENG maintains momentum in a challenging market

    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.

  • “We are very satisfied with this result and the tremendous effort put forth by our dedicated team members, designers, and partners over the past year, which has been particularly challenging for our industry.” CEO of BOLIA, Lars Lyse Hansen.

    BOLIA presents high growth and new sales record with latest financial report

    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.

  • “We are investing in the future. If we are to continue growing - which we intend to - it requires us to allocate resources to strengthen the business, both online and in the physical stores." CEO of ILVA, Kim Møller Mønster.

    ILVA delivers growth in revenue and invests in the future

    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.

  • "The list of challenges, which could potentially affect the business in 2022/23, is long, but with challenges comes the opportunity to make a difference.” - President and CEO of Lars Larsen Group, Jesper Lund.

    Lars Larsen Group delivers record revenue and continues long-term investment strategy

    With the results for the financial year 2022/23, Lars Larsen Group sets another revenue record in spite of continued global volatility and market uncertainty. The total revenue for the Group rose to DKK 45.4bn in 2022/23 – a three percent increase compared to the previous financial year, which also was a record year for the group.

  • ”I am enthusiastic and proud of this opportunity to lead ILVA as CEO and I look forward to becoming a part of the well-known and well-liked brand." - Kim Møller Mønster

    ILVA welcomes new CEO

    Kim Møller Mønster will join ILVA as new CEO for the furniture chain headquartered in Sabro by Aarhus on 1 April 2024.

  • “We can all be very proud of our hard work and results for this financial year, and I want to thank our employees again for their commitment and dedication." - President and CEO of JYSK, Rami Jensen.

    JYSK delivers strong financial results in challenging global market

    For the financial year 2022/23 (FY23), JYSK reached an EBIT result of DKK 3.96 billion (EUR 531 million) and increased its turnover by 6.3% to DKK 38.5 billion (EUR 5.2 billion.) The global home furnishing retailer continued its expansion plans and welcomed over 1.2 million new customers to its stores despite the slowdown in the global retail market.

  • "We are maintaining our focus on rebuilding all our stores to fit the new SENG-concept, so we can get the customers back again.” - CEO of SENG, Hanne Bang Vorre.

    SENG sustains ambitions of growth despite challenging market

    The bed store chain SENG, which changed name from SengeSpecialisten in January 2023, closes the financial year 2022/23 with a turnover in Denmark of DKK 192.5m and an EBIT-result of DKK -5.7m. The company sustains its plans of expansion in Sweden in spite of the challenging market situation.

  • Bolia's total sales results for 2022/23 landed at 1.3 billion DKK, which is at the same high level as 2021/22, a record year for the company.

    The design company Bolia holds market share and accelerates expansion

    Bolia presents a total sales results for 2022/23 of 1.3 billion DKK, which is at the same high level as 2021/22, a record year for the company. However, after thirteen consecutive profitable years, the EBIT result for the year 2022/23 landed at -5.6 million DKK compared to 50 million DKK the previous year.

  • “We wish to be co-players and create real value for the retail companies in the group.” - Jan Bøgh, President and CEO of Lars Larsen Group Retail

    Welcoming the new Lars Larsen Group Retail-team

    The first day of autumn also marks the first official working day for the new business constellation that is Lars Larsen Group Retail.
    Lars Larsen Group Retail (LLGR) is one of two main business areas in Lars Larsen Group and comprises the subsidiaries JYSK, Bolia.com, ILVA, Third.space, SENG, Sengetid.dk, and SOFACOMPANY.
    Heading the LLGR-team is Jan Bøgh, the long-serving President and

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