Profits at Irish arm of Jysk fall due to cost of expansion

Profits decreased at the Danish retailer by 84% as revenues rose by 22% — from €69.66m to €85.09m — on the back of new store openings in 2025

Jysk country director Roni Tuominen now oversees 27 stores Ireland, one more than the 26 the Danish firm operates in the UK. File picture

Pre-tax profits at the Irish arm of expanding furniture retailer Jysk decreased last year by 84% to €491,274.

New accounts filed by the Irish arm of the Danish home retail brand, Jysk Ltd, show that profits decreased as revenues rose by 22% from €69.66m to €85.09m on the back of new store openings in 2025.

At the end of August 2025, Jysk’s network had increased to 27 stores here.

The pre-tax profits of €491,274 for the 12 months to the end of August 2025 follow pre-tax profits of €3m in fiscal 2024.

The directors state that the 22% increase in revenues “can be attributed to the continued expansion in the Irish market, including the opening of five new stores, inter-company sales with Jysk UK, continued growth in online, and the improvement in operations in existing stores”.

The directors add that there continues “to be high inflation in the market and effective cost control continues to be the focus for management”.

The directors state that earnings before interest and tax amounted to €400,000.

Jysk's €2.68m dividend 

The company paid out a dividend of €2.68m following a dividend of €3.08m in 2024.

The firm recorded a post tax profit of €404,327 after incurring a corporation tax charge of €86,947.

The company’s operating profits of €473,143 and net interest received of €18,131 resulting in the pre-tax profit of €491,274.

The number of people employed increased from 287 to 310 made up of 236 in administration and staff along with 74 in management.

Staff costs last year increased from €9.86m to €11.55m.

The post-tax profit for 2025 takes account of non-cash depreciation costs of €1.93m.

At the end of August 2025, shareholder funds totalled €7.7m that included accumulated profits of €2.28m. Cash funds declined from €5.55m to €1.91m.

Jysk opened its first store in Ireland in 2019.

Today, Jysk operates 3,600 stores and webshops in 48 countries. Founder Lars Larsen opened his first store in Denmark in 1979 and today, Jysk employs 31,000 employees.

Globally, Jysk last year recorded revenues of €6.2bn — an increase of 11% on fiscal 2024 revenues and earnings before interest and tax for 2025 totalled €753m — an increase of 27% on 2024.

Last year, Ireland had more Jysk stores at 27 than the UK where Jysk had 26 outlets.