Lars Larsen Group delivers record revenue and continues investments

In the financial year 2024/25 (FY25) Lars Larsen Group again secured a record revenue and its second-highest operating profit in the company’s history

The revenue for the Group grew 10.4% to DKK 53,1 billion compared to DKK 48,1 billion in the financial year 2023/24 (FY24).

Operating profit reached DKK 5,823 million compared to DKK 5,404 million in FY24, an increase of 7.8%.

Lars Larsen Group consists of the business areas JYSK and Investments and the primary driver of this year’s performance was JYSK, which delivered its strongest results ever with a revenue of DKK 46,3 billion and an EBIT of DKK 5,6 billion.

“The world around us continues to be unpredictable and volatile and long-term business planning is challenged. Despite this, our outlook remains positive, and we are able to adapt quickly to changes while also focusing on our long-term ambition of delivering growth and value to the societies in which we are present, says President and CEO of Lars Larsen Group, Jesper Lund.

Profit before tax amounted to DKK 4,020 million, compared to DKK 4,535 million in FY24. The decline was primarily attributable to goodwill amortisation in FY25 totalling DKK 1,466 million, of which DKK 1,148 million is non-recurring impairment losses and mainly related to goodwill from previous acquisitions of SOFACOMPANY and FP Kapital (Formuepleje).

Lars Larsen Groups Global Tax Footprint, which reflects the company’s total tax contribution increased to DKK 11,424 million in FY25 compared to DKK 11,063 million in FY24.

Impactful investments
Strategic partnerships are important for Lars Larsen Group and in the spring of 2025 Lars Larsen Group invested in the strategic partnership with the pension fund for workers in the social, health, and education sectors, PKA, on private equity investments through IIP Denmark where Lars Larsen Group has committed to investing DKK 7.5 billion by 2032.

Additionally, Lars Larsen Group has committed to investing DKK 500 million in forest land and the establishment of new forests in the Baltics over the coming years together with Dalgas, a subsidiary owned by Hedeselskabet.

Lars Larsen Group also supports a groundbreaking Danish initiative called Hele Danmarks Klubhus with up to DKK 100 million. The goal for the initiative is to use the playful power of football and its strong communities to support and strengthen the wellbeing of children and young people.  

”At Lars Larsen Group, we are proud to contribute to the establishment of Hele Danmarks Klubhus. Football has the power to create both great experiences and rewarding communities, thereby helping to support mental health among children and young people in Denmark and with its important focus on the conditions for volunteers,” says Jesper Lund.

In FY25, Lars Larsen Group has, as in the past, supported global humanitarian aid through international humanitarian organisations and local efforts with donations, etc. of over DKK 49 million.

Collaboration across the Group
Across Lars Larsen Group, there is continued focus on sustainability efforts and investments to limit global warming in accordance with the Paris Agreement. In FY25, Lars Larsen Group A/S and the Group’s largest subsidiaries all had their individual reduction targets approved by the internationally recognized Science Based Targets initiative. This means there are now clear targets and plans to help with the climate challenges we all face in the coming years.

“Our over 41,000 colleagues across Lars Larsen Group have delivered strong results in an unpredictable world and we would like to thank them all for their hard work and great efforts throughout the year and for their continued commitment to our values,” says Jesper Lund. 

Lars Larsen Group’s annual report 2024/25 is available HERE.