The furniture chain ILVA, with a new CEO at the helm, can now reveal how the company will strengthen its store concept both physically and digitally to continue with its expansion.
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.
Kim Møller Mønster will join ILVA as new CEO for the furniture chain headquartered in Sabro by Aarhus on 1 April 2024.
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.
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 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.
ILVA closes the financial year 2022/23 with a turnover of DKK 1.4bn and the furniture chain maintains its focus on strengthening its work with sustainability and its brand awareness in Sweden.
The Danish design brand, SOFACOMPANY, continues its international expansion plan in spite of the challenges in the global retail market.
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
At the head office in Brabrand, the owner-family behind Lars Larsen Group and JYSK honours the founder of the company with a full-size bronze sculpture.
Continuing the expansion to new markets, JYSK will open its first two stores in Türkiye in the first week of May 2023.
From 1 September 2023, 5 people, with the combined experience of more than 100 years within JYSK retail, will develop and run the new business area Lars Larsen Group Retail (LLGR) under Lars Larsen Group.
After a year characterised by costs deriving from acquisitions and some difficult market conditions, SengeSpecialisten sustains a positive EBIT-result and lands another Gazelle-award.
For the financial year 2021/22, JYSK reached its highest EBIT result to date of DKK 4.56 billion (EUR 612 million) and increased turnover by 11% to DKK 36.2 billion (EUR 4.87 billion). However, the retail chain is now seeing the first signs of a slowdown in sales due to global challenges.
During the latest financial year, the design store chain Bolia has doubled up on expansion of its concept stores and once again set a new sales record.
Despite general uncertainty in the market, the interior and furniture chain ILVA sustains its high turnover level and once again exits the financial year in the black.
For the second consecutive year, ILVA delivers a strong result for the fiscal year with a turnover of a little over DKK 1.7bn and 91m in earnings before interests and taxes. This despite an all-time low consumer confidence and pr
Despite challenging market conditions, the Danish design company, SOFACOMPANY, continues its growing journey and delivers growth in turnover for the 10thconsecutive year.
Today, SOFACOMPANY announces a result for the financial year 2022 (covering Sept. 2021 - Aug. 2022) of DKK 768m in revenues and DKK 41m in earnings before interests and tax.
In comparison, the result for the financial year
Med et resultat på 6,5 milliarder før skat øgede Lars Larsen Group indtjeningen med over 50 procent i seneste regnskabsår.
1. september 2022 indtager Martin Hallund den øverste post i ILVA efter mere end 25 år i virksomhedenDet bliver 47-årige Martin Hallund, der overtager posten som CEO i ILVA, når nuværende topchef, Rami Jensen, den 1. september 2022 forlader ILVA til fordel for JYSK, hvor han tiltræder som President and CEO per 1. september 2023.Martin Hallund har arbejdet i ILVA/Idémøbler i mere end 25 år, og derf
Boet efter Danmarks måske mest kendte købmand, Lars Larsen, er nu opgjort.
