A Danish garden furniture manufacturer owned by the Lars Larsen Group, reported a deficit of DKK 150 million for the 2024/25 fiscal year, marking a second consecutive year of three-digit million losses. The company operates factories in Vietnam, Indonesia, and Brazil.
© Scancom International
CEO of Scancom International, Alexander Christopher Falter, appointed in April 2025, noted that while "the result is not satisfactory, it represents a significant improvement compared to 2023/24," the business has strengthened its gross margin from 4.9 percent to 7.3 percent and reduced inventory by DKK 66 million. Free cash flow stood at DKK 33 million despite the negative result.
The deficit was worsened by asset write-downs and provisions of approximately DKK 80 million. Equity declined from DKK 594 million to DKK 435 million, while employee numbers remained largely unchanged at 2,352.
Scancom has implemented a more focused business model, optimised production in Vietnam, and introduced a new sourcing strategy in Indonesia. Falter stated that the company is "well positioned to increase sales significantly in the coming years through a robust supply chain and a strong focus on quality and responsibility."
Source: www.wood-supply.dk
