Bauhaus not happy with Danish market

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Bauhaus has problems to deliver a surplus in Denmark.

The loss of 19.3 million in 2013 was followed by a 13.5 million loss last year.

Bauhaus has 16 stores in Denmark, which produced a turnover in  in 2014 of 1.77 billion DKK, an increase of 2.2 percent compared to the year before.

”Profit for the year  is not satisfactory in spite of the competitive market, the industry finds itself in,” says management in the annual report.

Management expects that 2015 will be a better year. Bauhaus has implemented a number of efficiency improvements in 2014 and established a new shop.