Danish design brand Fritz Hansen has returned to profitability after several years of losses, reporting a net profit of DKK 23m for 2025, compared with a DKK 54m loss the previous year.
The turnaround comes despite a 2% decline in revenue to DKK 574m, marking the third consecutive year of falling sales. The improvement was driven by structural changes implemented in 2024, including cost reductions, lower debt and a more focused commercial strategy.
© Fritz Hansen
CEO Henrik Steensgaard said that "the vast majority of the adjustments we have made are structural and therefore permanent", emphasising efforts to build a more resilient and agile organisation.
Operating profit (EBIT) improved significantly from a loss of DKK 37.7m to a profit of DKK 41.9m, while EBITDA nearly tripled to DKK 76.7m. Net debt was reduced sharply from DKK 111m to DKK 26m, supported by stronger cash flow and improved inventory management.
The company also reduced its workforce to 237 employees, reflecting ongoing restructuring.
While market conditions remained challenging in the first half of the year, sales grew by 10% in the second half, with the order book rising 23% year-on-year.
Fritz Hansen expects further improvement in 2026, forecasting modest revenue growth and profitability of 5–8% before tax.
Source: www.wood-supply.dk
