Danish furniture manufacturer Carl Hansen & Søn has warned that rising energy prices could force it to scale back its 2026 growth expectations. The company had projected growth of 8–10 per cent, driven by exports to Asia, Southern Europe and the United States, but escalating electricity costs are creating uncertainty.
© Carl Hansen & Søn
The surge in energy prices, linked to geopolitical tensions in the Middle East and reduced oil and gas supply, is placing pressure on energy-intensive industries. CEO Knud Erik Hansen stated that expectations may need to be revised if costs continue to rise, noting that production relies heavily on electricity and alternatives are limited.
The warning comes as the company has already faced declining sales over the past two years. Financial figures show continued losses, with a net loss of DKK 26.5 million in 2024, following losses in 2023.
Carl Hansen & Søn is not alone in its concerns. A survey of Danish companies indicates a divided outlook for 2026, with 54 per cent expecting growth while nearly as many remain uncertain.
The situation highlights broader challenges facing manufacturers as energy volatility threatens profitability and investment plans.
Source: www.wood-supply.dk
