2014 was a new record year for Jula. Sales landed at 5.4 billion SEK (4.9 billion in 2013) and the result (after financial items) was 568 million SEK (515 million).
”2014 was a turbulent year in many ways,” says Karl-Johan Blank, owner and CEO.
With good profitability, we have good conditions to continue to develop. Earnings for 2014 will remain within the Group. We will make substantial investments in the business to develop the company and to create new interesting jobs. It feels good that our employees share our success through our rewards program,” says Karl-Johan Blank, owner and CEO.
Totally was 44 million SEK of profit distributed to Jula’s employees.
”In 2015 we will open new stores in our three markets and develop the brand and the concept further. Like most other trading companies, we see significant challenges with the super strong dollar affecting purchase prices sharply in 2015. We see increased competition and margin pressure in the market where the battle for customers is fierce,” continues Karl-Johan Blank.
Joachim Frykberg, CEO of Jula AB, points out several major structural changes such as the new Group structure and new business. During the year, Jula has built out the central warehouse, launched a brand new web platform and opened ten new stores.