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Great result for Lars Larsen Group

Date: 28/01/2021

Author: Rune Jungberg Pedersen, Communications & CSR Director

Category: Strategy

On Thursday 28 January 2021, Lars Larsen Group presented a record result for the financial year 2019/20, and JYSK employees played a big part in the success.

Jacob Brunsborg
Jacob Brunsborg, Chairman of Lars Larsen Group and son of Lars Larsen.

With a turnover of 4.77 billion EUR and earnings of 431 million EUR after tax, Lars Larsen Group set new records in the financial year 2019/20 despite the turmoil caused by coronavirus.

Lars Larsen Group is named after the founder of JYSK, Lars Larsen. It is owned by Lars Larsen’s children and grandchildren, and besides JYSK, Lars Larsen Group owns a number of companies and invests globally.

But even though Lars Larsen Group today operates in a number of areas, JYSK is by far the biggest entity of the group and plays a big part in the great result.

“On behalf of the family, I would like to thank all of you for your efforts. It has not been an easy year, and I am very much aware that corona is far from over. On the contrary, it is something which affects every one of you on a daily basis. In my opinion, that makes the result even more impressive,” says Jacob Brunsborg, Chairman of Lars Larsen Group and son of Lars Larsen.

He also underlines that the majority of the earnings will be reinvested in the company, as it has been the case for many years.

“For us as owner family, we want to create growth and jobs, and the way to do that is to keep investing in JYSK as well as in other companies within Lars Larsen Group,” says Jacob Brunsborg.

You can find more information about Lars Larsen Group on the website www.larslarsengroup.com.

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