Turnover sets new record in JYSK
With a growth of 11 percent, the total turnover for the financial year 2021/22 sets a new record in JYSK, even though a long list of global factors have challenged the business.
With a growth of 11 percent, the total turnover for the financial year 2021/22 sets a new record in JYSK, even though a long list of global factors have challenged the business.
In recent years, JYSK has been focusing a lot on expanding the Business to Business part of the company’s sales activities. The focus has paid off, as JYSK on 28 June for the first time passed 1 billion Danish kroner in B2B sales across countries in one financial year.
With an EBIT result of DKK 4.5 billion for the financial year 2020/21, JYSK has once again delivered a result at a historically high level.
With a turnover of 4.386 billion EUR, JYSK has once again set a new record in the financial year 2020/21 despite closed stores and restrictions.
As of 1 September 2022, current President & CEO of JYSK, Jan Bøgh, will take up a new position as President & CEO of Lars Larsen Group Retail.
With a small delay, JYSK celebrates the opening of store number 3,000 in Rome, Italy.
During the autumn of 2021, the name DÄNISCHES BETTENLAGER will be changed to JYSK.
Despite a number of special challenges, JYSK found the recipe for success and ended up with an increase in earnings of 15 percent in the financial year 2019/20.
Despite a lot of challenges JYSK reached the highest turnover ever during the financial year 2019/20.
As of 1 January 2022, all new wooden products launched in JYSK will be FSC certified. By the end of 2024, all wood products in JYSK will be made from FSC certified wood.
JYSK is stepping up its ongoing work with sustainability with the recruitment of Sam Harrington as Sustainability Manager. His job will be to further drive environmental change throughout the company.
Even though JYSK had not done any marketing, many customers stopped by, when JYSK opened the first store in Moscow on 3 June 2020.
On 3 June 2020, JYSK will open the company’s first store in Russia, when customers are welcomed in the store in Trojka, Moscow.
With earnings before tax of 499 million EUR, the financial year 2018/19 was the best ever for Lars Larsen Group.
175 new stores and a large increase in customers meant that JYSK's total turnover in the last financial year grew to 3.794 billion EUR, while EBIT earnings landed at 436 million EUR.
JYSK has officially opened a new distribution centre in Bulgaria, which is the most modern logistics centre in the country. Bulgarian Prime Minister Boyko Borisov was part of the opening ceremony, together with CEO & President of JYSK Jan Bøgh.
After more than 40 years of managing JYSK and Lars Larsen Group, Lars Larsen has decided to step back effective immediately. New Chairman of the board will be Lars Larsen's son, Jacob Brunsborg.
The family owning Lars Larsen Group has after careful consideration decided to merge JYSK Nordic, which operates 1,287 stores in 20 countries, and Dänisches Bettenlager, which operates 1,283 stores in 7 countries, into one business unit.
2 April 2019 it is 40 years since the first JYSK store opened in Aarhus. Since then expansion has been a cornerstone in JYSK, and therefore the anniversary is celebrated with the opening of the company’s first store in Ireland.
The latest financial year resulted in a new record for Lars Larsen Group with earnings before tax of 3.6 billion DKK.