With double-digit sales growth, expanding operating margins and the ability to fully self-finance its investments, JYSK Greece is rapidly evolving into a cash-generating engine for its Danish parent group.
The home furnishings retailer, firmly positioned as IKEA’s main rival in the Greek market, entered fiscal year 2025–2026 with a clear focus on further expansion. For 2026, the company plans to open six new stores and boost sales by 10%.
Turnover of JYSK Greece climbed to €132.8 million, from €111.2 milliona year earlier, marking an increase of 19.4%. Gross profit jumped 22.7% to €70.7 million, while the gross margin widened to 53.2%, from 51.8% in the previous year.
Operating performance was even more impressive. EBITDA reached €21.4 million, up 29.8% from €16.5 million in FY 2023–2024, pushing the EBITDA margin to 16.1%, from 14.8%.
EBIT surged 33.5% to €17.8 million, while pre-tax profits rose 32.4% to €16.9 million. Net profits after tax climbed to €13.0 million, from €9.9 million, an increase of 31.8%, with the net profit margin improving to 9.8%.
68 JYSK stores in Greece, 545 employees
JYSK currently operates 68 stores across Greece, covering both major urban centers and regional markets. Average headcount rose to 545 employees, from 530 a year earlier, while total payroll costs increased 16.7% to €15.8 million.
