In the 2024/25 financial year, the retail chain SENG delivered solid growth in Denmark. The improved results are primarily driven by an increase in customers in stores, high conversion rates, and a targeted focus on training employees as sleep specialists.
For the 2024/25 financial year, SENG increased its revenue in Denmark to DKK 196 million, equal to a 4 percent growth. EBIT also improv
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.Collectivel
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
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.
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.
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.
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 Danish design company, SOFACOMPANY, has increased store and web shop revenue and is now pursuing the goal of 40 European stores by 2025.
In a challenging and unforeseeable macroeconomic environment, furniture company Actona Group delivers a revenue of DKK 2.7bn for the financial year 2023/24.
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.
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.
The furniture group, ScanCom International A/S, achieves an improvement in the operational performance for the fiscal year 2022/23 despite being heavily affected by lacking sales and challenging market conditions.
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.
Actona Group presents a very satisfying result for the financial year 2022/23 despite a challenging and changing market characterised by inflation, cost increases, and geopolitical uncertainty.
Despite another year of global challenges Lars Larsen Group sets a new record in revenue for the financial year 2021/22.
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.
