Overview
- Preliminary, unaudited figures indicate 6% organic growth for 2025 versus prior 7–8% guidance, with a group EBIT margin around 24%.
- Q4 2025 organic growth was 4% on flat like-for-like sales, as November and December store traffic fell short of expectations.
- Profitability held up with an estimated Q4 gross margin near 78% and EBIT margin about 33.5%, implying full-year EBIT around DKK 7.8 billion.
- Management pointed to external pressures from commodity prices, foreign exchange and tariffs, offset in part by strong gross margins and cost control.
- New CEO Berta de Pablos-Barbier will present audited results and 2026 strategic priorities on Feb. 5, including plans to reduce commodity exposure.