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JYSK's Slovenian arm EBIT jumps 22% in FY 2020

Nov 27, 2020, 12:00:00 AMArticle by Iskra Pavlova
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November 27 (SeeNews) - The Slovenian arm of Danish bedding and furniture retailer JYSK said its earnings before interest and taxes (EBIT) jumped 22% to a record high 6 million euro ($7 million) in fiscal year 2020.

JYSK's Slovenian arm EBIT jumps 22% in FY 2020
Author: Scott Lewis. Licence: Creative Commons, Attribution.

The company's turnover rose 6.6% to 38.6 million euro in the past year, JYSK Slovenija said in a statement on Thursday.

The sales growth was biggest in the segments of home and garden furnishing, bedding and decoration, which represent the backbone of JYSK's operations, the statement read.

JYSK entered Slovenia in 2008. It opened one new outlet in the past year and now operates 22 shops in the tiny Adriatic state, employing 158 people.

($=0.839841 euro)

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