Lars Larsen Group delivers yet another record result
With earnings before tax of 499 million EUR, the financial year 2018/19 was the best ever for Lars Larsen Group.
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.
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.
On 22 May, JYSK will open the doors to the first store in the Republic of Azerbaijan
Saturday 6 April will be the official opening of the first JYSK store in Cyprus.
There was a long line outside the store, when JYSK celebrated the company’s 40th anniversary by opening the first store in Ireland.
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.
With an investment of more than 100 million EUR in a brand new distribution center in Bozhuristhe near Sofia, JYSK has invested heavily in Bulgaria. Thursday March 7 this was rewarded when JYSK received the prize as Investor of the Year in Bulgaria .
The latest financial year resulted in a new record for Lars Larsen Group with earnings before tax of 3.6 billion DKK.
Monday December 10th will be the official opening of the first JYSK store in Thailand .
The growth continues in JYSK Group, which invests heavily in additional stores, an expanded distribution network and new e-commerce solutions.
The mayor of Hedensted, Kasper Glyngø, headed the official inauguration of highbay 4 in Uldum along with EVP Logistics in JYSK, Allan K. Kjærgaard.
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).
JYSK is busy opening new stores around the world. On Thursday 31 May, JYSK opened five stores in five different countries.
Employees in JYSK are considerably more motivated, satisfied and loyal than market average.
The expansion in JYSK continues, and from 1 March 2018 the international retail chain will operate stores in 50 countries worldwide.
With a turnover of 30 billion DKK and a pre-tax profit of 3.4 billion DKK, 2016/17 was the best year ever for Lars Larsen Group.