Nasdaq CopenhagenIFRS · DKK

HOLMRIS B8 A/S

HOLMRIS B8 A/S is a Danish furniture and interior solutions company that serves workplaces and other commercial environments. Its business typically combines the supply of office and contract furniture with space planning, project coordination, and related interior products across the Nordic region and nearby European markets.

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Revenue1,122m DKK
+0.2 %y/y
Net income40.7m DKK
−19.2 %y/y
Free cash flow89.0m DKK
−27.5 %y/y

Fiscal year 2022 · change from previous year

Development 2021–2022

02505007501,0001,250m DKK2021: 1,120 m DKK20212022: 1,122 m DKK20221,122
RevenueOperating profit (EBIT)
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Business

Share of revenue
Workplace Furniture50 %

Desks, chairs, storage, and related furniture for offices and professional environments.

Project and Contract Furniture25 %

Furniture supplied for larger fit-out projects in offices, institutions, and public spaces.

Interior Solutions and Planning15 %

Space planning, interior concepts, and furnishing advice tied to customer projects.

Installation and Project Services10 %

Delivery, assembly, coordination, and project execution services around furnishing jobs.

Customers

The company sells primarily to organizations that furnish workplaces, public environments, and other commercial spaces. Buyers typically include businesses, institutions, and project specifiers that want coordinated furniture and interior solutions rather than single-item purchases.

Corporate workplaces

Companies buying office furniture and workplace solutions for new builds, relocations, and refurbishments.

Public sector and institutions

Schools, municipalities, and other institutions buying durable furnishing packages for shared spaces.

Architects and design specifiers

Professional specifiers influencing product selection in larger furnishing and fit-out projects.

Property and facility managers

Teams sourcing coordinated furniture, planning, and installation services for occupied buildings.

Strategy

The business strategy is centered on combining product supply with advisory and project execution capabilities, which helps it win larger furnishing assignments and repeat workplace customers. Competitive position depends on specification relationships, reliable delivery, and the ability to coordinate design, logistics, and installation around customer timelines.

Expand project-based workplace solutionsMedium term

Project wins can increase ticket size and deepen customer relationships beyond one-off furniture sales.

Strengthen advisory and execution capabilitiesMedium term

Design, planning, and installation services make the offering harder to compare on price alone.

Serve Nordic and nearby regional projectsLong term

Geographic proximity supports service quality and logistics on complex furnishing jobs.

Geography

HOLMRIS B8 is anchored in Denmark and serves customers across the Nordic region, where workplace furnishing demand is tied to office activity, public investment, and commercial property cycles. Its project-based business model also makes nearby European markets relevant when larger contracts or cross-border procurement opportunities arise.

Risks

The main business risks come from cyclical demand for workplace fit-outs, project timing volatility, and competition in a fragmented furniture market. As a project-oriented supplier, the company is also exposed to execution risk, customer concentration in larger assignments, and margin pressure when procurement and logistics costs move unexpectedly.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cyclical workplace demand1Project execution delays2Pricing competition3Supply chain and logistics disruption4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cyclical workplace demandImpact: HighLikelihood: Medium

    Furniture and fit-out spending depends on office moves, refurbishments, and capital budgets.

    Exposure: Office and contract projects

  2. Project execution delaysImpact: HighLikelihood: Medium

    Turnkey furnishing jobs depend on coordination across design, procurement, and installation.

    Exposure: Large customer projects

  3. Pricing competitionImpact: MediumLikelihood: High

    Furniture and interior projects are often bid-based and price transparent.

    Exposure: Contract furniture

  4. Supply chain and logistics disruptionImpact: MediumLikelihood: Medium

    Lead times and delivery performance affect customer satisfaction and project completion.

    Exposure: Imported furniture and components

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Accounting

Judgemental items
Revenue recognition on projects

Furniture and interior projects may include goods, installation, and coordinated services with different recognition points.

Impact: Can shift revenue and profit between periods

Inventory valuation

Physical products must be measured for obsolescence, damage, and slow-moving stock.

Impact: Affects gross margin and working capital

Lease accounting

Showrooms, offices, and warehousing often involve leased premises.

Impact: Changes EBITDA-like measures and balance-sheet leverage

Provisions and contract liabilities

Project work can create obligations for delivery, installation, and aftercare.

Impact: Affects timing of expense recognition and liabilities

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Last updated: 24/10/2026