Danish design company Bolia reveals yet another year of strong growth and development. Despite generally challenging market conditions, the 2024/25 annual report shows a 14 percent increase in revenue to DKK 1,624 million, a record-high turnover in the company's history. The EBIT result amounted to DKK 31.1 million, which is an improvement of 9 percent compared to the previous year.
© Lars Larsen
BOLIA's CEO, Lars Lyse Hansen.
BOLIA has increased sales across all markets through a continued focus on design development, sustainability and global expansion, and will, this year, celebrate its 25thanniversary with a new sales record.
High sales growth and international store expansion
During the financial year 2024/25, BOLIA opened eight new stores across Germany, France, Switzerland and Spain.
"This past year, we've made significant investments in design development, sustainable initiatives, and expansion, including new BOLIA flagship stores at prime locations across major European cities," explains BOLIA's CEO, Lars Lyse Hansen.
"We are satisfied with this result and especially the tremendous effort put forth by our dedicated colleagues, partners, designers and craftsmen- and women over the past year," adds Hansen.
Continuous expansion and development planned for the coming year
With growth as a permanent goal, BOLIA plans to expand globally by establishing a series of new concept stores across Europe, accelerating sales to the professional contract market, and partnering with more dedicated agents, dealers, and retailers worldwide in the coming years.
"In recent weeks, we have celebrated the opening of our new BOLIA flagship stores in Paris, Stockholm and Vienna, and in the coming year, we will continue our successful expansion in France, Germany, Sweden, Switzerland and Austria, and we will open our first BOLIA flagship store in the UK market. We look forward to bringing our design collection to more vibrant cities and thriving markets in the coming years," BOLIA's CEO concludes.
More information:
BOLIA
[email protected]
www.bolia.com
Lars Larsen Group
www.larslarsengroup.com
