23 May 2024, 06:18
By Furniture News Oct 19, 2023

Danish furniture group report record revenues

Actona Group has recorded a "very satisfying result" for FY 2022/23 despite a challenging and changing market characterised by inflation, cost increases and geopolitical uncertainty.

"Through structural synergies, cultural integration, and employee dedication, the furniture company Actona Group has demonstrated extraordinary resilience and adaptability throughout the fiscal year," states the Danish business. 

The company delivered a record revenue of DKK 2.86b (+6% YoY), while EBITDA increased by +11%.

"Our ability to thrive in the face of market uncertainty reflects our unwavering dedication to our strategy and principles. We have demonstrated that we can adapt to changing circumstances while maintaining our commitment to our customers, employees, and shareholders," says group CEO, Jimmi Mortensen, who describes this year’s result as "very satisfying given the difficult market conditions".

Earnings before interests and tax (EBIT) amounted to DKK 203.5m – below last year's result, but influenced by the post-merger integration of the new upholstery production with the SITS and Flexlux brands in Poland and Lithuania, respectively.

"Our commitment to integration upon the last years' acquisitions has been key in our ability to adapt and excel during uncertain times," says Jimmi.

Actona Group has also made progress in the field of sustainability, signing up for the Science Based Targets initiative (SBTi) and reducing emissions across the organisation related to Scope 1 and 2 by -22%. Additionally, the Scope 3 emissions have been mapped, and an inventory screening has been conducted based on financial data.

Pictured: Jimmi Mortensen, courtesy Actona Group

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