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JYSK parent company delivers record year

JYSK owner Lars Larsen Group has achieved record results with a pre-tax profit uplift of 3.9% to €499 million in its 2018/19 financial year. Turnover was… View Article

GENERAL MERCHANDISE

JYSK parent company delivers record year

JYSK owner Lars Larsen Group has achieved record results with a pre-tax profit uplift of 3.9% to €499 million in its 2018/19 financial year.

Turnover was €4.7 billion.

Chairman of Lars Larsen Group Jacob Brunsborg said: ”It is a result, which we in the family are very satisfied with. As a result of heavy investment, the earnings of JYSK were a bit lower than the previous financial year. That makes it even more important that our investment activities as well as a number of other companies in the group have delivered on such a high level that our earnings before taxes improved by €17.5 million.”

Brunsborg also said that he was particularly pleased that the group had derived revenue from a range of different activities.

 

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