Great result for Lars Larsen Group

Date: 28/01/2021

Author: Rune Jungberg Pedersen, Communications & CSR Director

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, 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.

Latest news

The living room is moving outside in this year’s garden assortment

27/02/2026 - Decorating outdoor spaces as if they were an extension of the living room is becoming increasingly popular. This trend is reflected in JYSK’s garden assortment, where lounge sets, sofas, and large dining tables are highlighted in the outdoor environment.

JYSK Ukraine has expanded with 28 stores since February 2022

4 years of war and almost 30 new stores: JYSK Ukraine continues to move forward

24/02/2026 - Despite missile attacks, damaged infrastructure, and disrupted supply chains, expansion has continued thanks to JYSK employees’ great efforts. When Russia invaded Ukraine in February 2022, JYSK had 85 stores in Ukraine. Four years later, the store network has grown to 113 including a web shop.

Try on a (virtual) JYSK shirt with new Snapchat filter

23/02/2026 - In January, Snapchat users in Denmark could see themselves wearing our blue JYSK shirt through the camera on their phone. As part of this year's apprentice campaign, Marketing and HR have developed a Snapchat filter that transforms you into a JYSK colleague.