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.
JYSK has appointed Signe Lind Jacobsen as new Executive Vice President and CFO for the Scandinavian sleeping and living retail company. Her first day at work will be on 1 August 2023.
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.
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.
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.
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.
The financial year 2018/19 offered new records for JYSK Nordic, where turnover amounted to 2.35 billion EUR.
The latest financial year resulted in a new record for Lars Larsen Group with earnings before tax of 3.6 billion DKK.
The growth continues in JYSK Group, which invests heavily in additional stores, an expanded distribution network and new e-commerce solutions.
JYSK Nordic, running 1,249 stores in 20 countries, today announced a record turnover of 2.16 billion EUR for the financial year 2017/18 (FY18).
With a turnover of 3.36 billion EUR and an EBIT result of 444 million EUR, the growth continues in JYSK, which now has more than 2,500 stores worldwide.
With a turnover of 14.6 billion DKK, and 6,7 million additional customers, 2016/17 was yet another record year in JYSK Nordic.