Lars Larsen Group delivers a record result in both revenue and result in the financial year 2020/21. When comparing to 2019/20, revenue was up by 10 percent to DKK 39.1 billion, and result for the year by 60 percent to DKK 5.1 billion. We are very satisfied with the result. Below is the financial highlights for the Group.
Lars Larsen Group is not a group as defined in the Danish Financial Statements Act but a number of groups and entities owned by the Brunsborg Family and Lars Larsens JYSK Fond.
The main activity of the Group is ownership of JYSK, ownership of other companies and investments. Below is figures for the three business areas.
Primary Brand Focus
The backbone of the Group is JYSK, which was founded by Lars Larsen in 1979. JYSK´s payoff is "Scandinavian Sleeping and Living”, and JYSK makes it easy to furnish every room in any home and garden.
Revenue in 2020/21 amounts to mDKK 32,592 compared to mDKK 30,438 in 2019/20. Profit before tax in 2020/21 amounts to mDKK 4,493 compared to mDKK 3,648 in 2019/20.
Lars Larsen Group Companies
The Group owns a number of subsidiaries mostly working within production or selling of furniture.
Revenue in 2020/21 amounts to mDKK 6,325 compared to mDKK 5,086 in 2019/20. Profit before tax in 2020/21 amounts to mDKK 423 compared to mDKK 64 in 2019/20.
The Group investments consists of fixed income, listed equities, private equities, infrastructure, real estate and other investments.
Revenue in 2020/21 amounts to mDKK 173 compared to mDKK 124 in 2019/20. Profit before tax in 2020/21 amounts to mDKK 1,534 compared to mDKK 449 in 2019/20.