HomeCarpetEge Carpets Sets Bold DKK 2 Billion Revenue Target, Eyes Expansion into...

Ege Carpets Sets Bold DKK 2 Billion Revenue Target, Eyes Expansion into Luxury Market

Ege Carpets, one of Europe’s leading textile flooring manufacturers, has announced an ambitious plan to double its annual revenue to DKK 2 billion as it strategically shifts its focus toward the luxury segment of the market.

Founded nearly 90 years ago and headquartered in Herning, Ege Carpets is renowned for supplying high-quality carpets to a diverse range of sectors, including hospitality, healthcare, education, transport, commercial spaces, and private homes.

In 2023, the company reported net revenue of DKK 1.2 billion, a slight increase from DKK 1.16 billion in 2022. Operating profit rose to DKK 69.8 million (up from DKK 57 million), while gross profit reached DKK 446.2 million. The company also saw its workforce expand to 605 employees.

Board Chairman Søren Eskildsen, who also serves as CEO of Louis Poulsen, stated that Ege is entering a new growth phase.

“We see a place in the market where we have a lot to offer. It’s about positioning Ege even more in the high-end segment,” Eskildsen said, outlining a strategic direction without committing to a fixed timeline for the revenue milestone.

The company’s expansion efforts coincide with a leadership transition, as CEO Rune Stephansen steps down to pursue new opportunities closer to his home in Gothenburg. Stephansen, who joined in 2021, is credited with streamlining Ege’s operations and unifying its brand identity. The company is now seeking a new CEO with a background in design and flooring to lead the next chapter.

Despite the change in leadership, Ege Carpets remains firmly focused on premium market positioning, design-driven innovation, and continued international growth. The company’s push into the luxury space reflects a rising ambition to solidify its brand as a global name in high-end textile flooring.

LEAVE A REPLY

Please enter your comment!
Please enter your name here