Despite a 5% drop in revenue to DKK 3.03 billion in 2024, a Danish building centre chain doubled its pre-tax profit to DKK 70.6 million. The company, owned by Finnish group Kesko since 2023, described the result as "overall satisfactory" in its latest annual report.
© Davidsen
CEO of Davidsen, Henrik Clausen.
Davidsen attributed the revenue decline to lower exposure to the home builder segment, asserting that its performance otherwise aligned with the broader market. Stable building material prices and limited inflation impact also helped protect margins.
The year saw significant structural changes. In 2025, competition authorities approved Davidsen's largest acquisition to date, involving Roslev Trælasthandel, Tømmergaarden and CF Petersen & Søn, formerly under the XL-Byg banner. This expanded Davidsen's footprint from 23 to 49 branches and nearly doubled its workforce with 760 new employees.
CEO Henrik Clausen noted that the company had prepared for the growth through a "strong and robust organisation" built around decentralised daily operations and a centralised support office.
Looking ahead, Davidsen forecasts 2–9% organic revenue growth and expects pre-tax profit to reach DKK 75–110 million, driven by savings initiatives and market growth.
The acquisitions mark a bold step as Davidsen consolidates its position in Denmark's competitive building supply sector.
Source: www.wood-supply.dk