Lars Larsen Group reported a decline in profit before tax to DKK 4 billion, down 11.3 percent, despite overall revenue growth of 10.4 percent to DKK 53.1 billion in the 2024/25 financial year. The drop is attributed to one-time write-downs of DKK 1.5 billion, largely linked to the acquisition of Sofacompany.
© Lars Larsen Group
Sofacompany, acquired in 2021, posted revenue of DKK 541 million and an operating profit of DKK 12.5 million, up from DKK 1.2 million the previous year. However, an extraordinary goodwill write-down of DKK 95 million led to a net loss of DKK 90 million for the year.
In contrast, Jysk achieved record results with revenue of DKK 46.3 billion and an operating profit of DKK 5.6 billion. Jesper Lund, President and CEO of Lars Larsen Group, expressed optimism, stating the group can 'quickly adapt to changing conditions' while maintaining focus on long-term growth and value creation.
The write-downs are described as one-off costs, highlighting the financial impact of strategic acquisitions even as core operations continue to perform strongly.
Source: www.wood-supply.dk
