Scandinavian interior design group has reported modest financial growth for the 2024/25 fiscal year, falling short of its projected targets despite increases in both revenue and profit.
© Holmris B8
According to its latest accounts, Holmris B8's net revenue rose to DKK 1,336 million from DKK 1,300 million the previous year, while profit before tax reached DKK 33.6 million, up from DKK 27.9 million. However, EBITDA before non-recurring items declined to DKK 101.0 million from DKK 118.9 million.
Management acknowledged that results did not meet their initial expectations of 10–20% growth, citing "strategic investments in new geographic markets and sustainability" as contributing factors. Structural adjustments were also made in response to changing market dynamics.
The group expanded its international footprint with increased overseas revenue and the acquisition of Swedish company Lindelöf. However, the year was also marked by unexpected costs stemming from a ransomware attack and what was described as "third-party misrepresentation".
Despite the shortfall, Holmris B8 remains optimistic. Management expects a 10–20% increase in revenue and profit in 2025/26, driven by strong order intake and anticipated returns on recent investments. The group ended the year with 335 employees, up from 297.
Source: www.wood-supply.dk
