Topics: Business enterprise

  • 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.
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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.

  • Letz Sushi hjælper størstedelen af sine medarbejdere i nyt job

    Letz Sushi hjælper størstedelen af sine medarbejdere i nyt job

    Siden Letz Sushi meldte beslutningen om en solvent lukning ud i februar 2024, har fokus været på at hjælpe så mange medarbejdere som muligt med nye jobmuligheder. Størstedelen har nu fået jobs i andre virksomheder og nogle har sågar startet egne restauranter op i tidligere Letz Sushi lokaler.

  • Letz Sushi closes down

    Letz Sushi closes down

    After nearly 20 years in the market, the owners of Letz Sushi plan to close down the restaurant chain.

  • As of 5 February 2024, Lars Larsen Group’s head office is located in Silkeborg

    Lars Larsen Group moves its head office to Silkeborg

    As of 5 February 2024, Lars Larsen Group’s head office is located in Silkeborg. In connection with the move, the family office changes its name from LLG A/S to Lars Larsen Group A/S.

  • "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.

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