The collective activities of FREJ.DK, including the sale of business relocation, furniture installation and logistics services beat all records in the first half of 2019.
The company’s turnover grew by a whopping 21% in the first 6 months of the year compared to the same period in 2018. It was also the company’s 10th year in a row with organic positive turnover growth. In the period from 2015 to 2019 alone, Frej.dk’s turnover has grown by far over 300%.
“We continue to strengthen our market position in Denmark’s furniture industry. As a third-party service provider (B2B) in the fields of logistics management, delivery services and furniture installation – as well as business relocation – we provide a unique portfolio of services for manufacturers and suppliers of business furniture to the professional market,” said Mikael Simonsen, Partner and Head of Business Development.
The company’s bottom line has also followed the turnover growth in the first half of 2019 with a net profit increase of 13.5%. In the period 2017-2018, the bottom line was marked by major investments to establish a new division in Aarhus, which now allows FREJ.DK to serve B2B clients all over Denmark. Starting in 2019, however, the company can once more focus on creating a solid net result and consolidating the company.
Frej.dk’s turnover has increased in all its primary business areas. The turnover for furniture installation grew by a whopping 56%, and the sale of logistics services by 21%.
“In fact, FREJ.DK has become Denmark’s largest office furniture installation company. The furniture market has gradually begun to realise that it makes more financial sense to outsource service tasks relating to delivery and installation, especially in relation to major project assignments that involve furnishing facilities for business clients. But also the big corporate offices among the top 1000 companies in Denmark use FREJ.DK for internal relocations and the handling of fixtures and fittings and IT,” said Mikael Simonsen. “Our business model at FREJ.DK is incredibly scalable, and many other industries besides the furniture business have a similar need for delivery and installation services,” he added.
Currently, the company is also analysing market demand for evening deliveries around Denmark’s large cities. Many private consumers, not least online buyers, want new furniture and other large consumer products delivered at some point in the evening where they are back from work, handled their chores and can be present at the time of delivery.
”For FREJ.DK, it makes a lot of sense to consider extending our working day by an additional eight hours. We have our own capacities with warehouses and vehicles at disposal during the evening hours across Denmark, so it could move the utilisation rate of our resources in the right direction,” Mikael Simonsen added.