A flagship store and expanded staffing have led to a DKK 2.5 million deficit for a Danish kitchen retailer in the 2024/2025 fiscal year. Personnel costs rose significantly as the number of employees nearly tripled, and construction delays further impacted projected revenue.
© Svane Køkkenet
The company behind this development is Svane Køkkenet, Kolding. Owner Carsten Krag Eriksen explained that the investments were long-term decisions, with management confident that they will pay off. Midway through the new financial year, revenue is already 30% above last year, driven by private customer sales and strengthened market performance.
Source: www.wood-supply.dk
