JYSK realizes turnover of EUR 135 million in the region – Biggest growth, 26.7%, in Serbia

(Mikael Nielsen) The international retail chain JYSK has realized a strong growth in the turnover by an average of 19% in the past financial years in four regional markets – Bosnia and Herzegovina, Croatia, Slovenia and Serbia. The total turnover amounts to EUR 134.7 million, the number of individual purchases exceeds five million, and the regional system of JYSK has employed nearly 300 new workers, the company reported.

In the biggest individual market, looking by the value – Croatia – the turnover reached EUR 55.7 million, a growth of 19%. Slovenia follows with EUR 30.9 million and a growth by 12.8%, whereas Serbia is getting closer with a turnover of EUR 27.9 million and the strongest growth achieved – 26.7%. In the market of Bosnia and Herzegovina, JYSK had a turnover of EUR 20.2 million and a growth of nearly 20%.

In all four markets, there were 5.155 million individual purchases, and the growth of the number of purchasers in all markets was 16.6% on average.

The results of JYSK in the region are very stable and its EBIT is on an average level of 12.3%. Serbia is the only exception, with the EBIT of 5.4%, but with the biggest annual growth of five percentage points.

– This has been a very good year and I am very satisfied with the development of our operations in the region. I am extremely proud at the increase of the number of customers, considering that, in JYSK, they come first. This growth would not be possible without our employees, whose personal engagement and professional approach to customers were crucial in our positioning in the market – pointed out Mikael Nielsen, Executive Vice President of JYSK Nordic in charge of retail.

Nielsen was a guest at this year's regional meeting of Store Managers of JYSK, held in Zagreb. The best Store Managers in the region were pronounced at the meeting and were awarded with official vehicles for a period of one year, with all costs paid for.

JYSK employs close to a thousand workers in the region, of which nearly 400 in Croatia, 250 in Serbia, 200 in Slovenia and 175 in Bosnia and Herzegovina. In the past financial year, nearly 300 new jobs have been created, most of them in Croatia (101) and Serbia (80), with a considerable number of new employments in B&H (60) and Slovenia (36) as well.

JYSK was founded in 1979 in Denmark, and today it operates in 48 countries of the world. JYSK Nordic covers 20 markets, among which are Bosnia and Herzegovina, Croatia, Slovenia and Serbia. The annual turnover of the JYSK Group is around EUR 3.12 billion.

JYSK d.o.o. Beograd

retail chain JYSK

JYSK financial results

JYSK business results

Mikael Nielsen