News archive

  • SENG plans to close down in Sweden

    SENG plans to close down in Sweden

    A challenging market characterised by strong competition means that the Lars Larsen Group-owned retail-chain, SENG, plans to close its Swedish stores down. At the same time, the subsidiary Sengetid.dk will close.

  • Lars Larsen Group invests in PKA’s asset manager IIP Denmark and becomes anchor investor in the manager’s future funds.

    Lars Larsen Group and PKA join forces to invest in private equity

    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.

  • “Expanding into Africa has been a long-term goal for JYSK, and today we are proud to make it a reality with our first stores in Casablanca." President and CEO of JYSK, Rami Jensen.

    JYSK opens in Morocco marking first entry in Africa

    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.

  • "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.
    Col

  • 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 fully committed to developing a solid strategy for ScanCom International that will bring the company back to a profitable state again.” Interim CEO, ScanCom International, Peter Andsager.

    New strategy to ensure growth for ScanCom International

    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.

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