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.
Lars Larsen Group and the subsidiaries JYSK, Actona Group, Bolia, ILVA, SOFACOMPANY, and ScanCom International sign up for the Science Based Targets initiative (SBTi).
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.
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
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.
With a turnover of USD 161 million and a profit before tax of USD 12 million, the 2019/20 financial year proved to be a new record year for the Danish design company Bolia.