Nasdaq CopenhagenIFRS · DKK

DK COMPANY A/S

DK COMPANY A/S is a Danish fashion group that designs, develops, and sells clothing across a portfolio of brands. Its business combines wholesale, retail, and online channels, with activity focused on apparel for the midsegment in Europe and other selected markets.

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Revenue5,609m DKK
+4.6 %y/y
Operating profit (EBIT)447m DKK
−13.5 %y/y
EBIT margin8.0%
−1.7 ppy/y
Net income309m DKK
−25.1 %y/y
Free cash flow345m DKK
−34.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

02,0004,0006,000m DKK2020: 3,254 m DKK2020: EBIT 347 m DKK20202021: 3,912 m DKK2021: EBIT 629 m DKK20212022: 4,646 m DKK2022: EBIT 677 m DKK20222023: 4,828 m DKK2023: EBIT 506 m DKK20232024: 5,362 m DKK2024: EBIT 517 m DKK20242025: 5,609 m DKK2025: EBIT 447 m DKK20255,609447
RevenueOperating profit (EBIT)
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Business

Share of revenue
Fashion Clothing100 %

Branded apparel sold through wholesale, retail, and online channels.

Customers

DK Company sells primarily to wholesale customers, retail partners, and marketplace operators that stock its brands for resale. It also serves end consumers through its own online platform and other direct sales channels, giving the company a mixed B2B and B2C footprint.

Wholesale customers

Buy branded clothing for resale in stores and multibrand channels.

Retail partners

Carry DK Company assortments in physical and omnichannel retail formats.

Marketplace partners

Provide access to multibrand selling platforms and broader distribution.

Direct online consumers

Purchase garments through the DK Company Online Group platform.

Strategy

DK Company’s strategy centers on growing its brand portfolio, expanding into new markets, and deepening distribution through wholesale, marketplaces, and e-commerce. Acquisition-led expansion remains an important part of the model, alongside efforts to strengthen the midsegment position and increase sales from existing brands.

Brand acquisition and integrationMedium term

Acquisitions expand the brand portfolio and distribution reach.

Wholesale and marketplace growthShort term

More multibrand agreements broaden access to customers and partners.

E-commerce expansionMedium term

A shared online platform supports cross-brand sales and geographic reach.

Geographic expansionMedium term

New markets reduce reliance on legacy markets and support growth.

Geography

DK Company is headquartered in Denmark and sells across a number of markets, with emphasis on strengthening sales in existing markets while entering new ones. The report indicates an international footprint, but no country-level revenue split is disclosed in the provided excerpts.

Risks

The main risks come from fashion demand volatility, inventory and sourcing execution, and the integration of acquired brands and retail chains. The company also faces normal apparel-industry exposure to returns, markdowns, credit risk on receivables, and foreign exchange effects from operating across multiple markets.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Fashion demand and assortment risk1Inventory valuation risk2Acquisition integration risk3Return and revenue estimation risk4Foreign exchange risk5
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. Fashion demand and assortment riskImpact: HighLikelihood: High

    Apparel demand is seasonal and style-driven, so weak collections can hurt sell-through.

    Exposure: Brand portfolio and wholesale ordering

  2. Inventory valuation riskImpact: HighLikelihood: High

    Fashion goods can become obsolete or require markdowns if demand weakens.

    Exposure: Finished goods inventory

  3. Acquisition integration riskImpact: HighLikelihood: Medium

    The model relies on buying and integrating brands and retail chains.

    ExposureGoodwillSystemsOperations
  4. Return and revenue estimation riskImpact: MediumLikelihood: High

    Online customers can return purchases and revenue includes variable consideration estimates.

    Exposure: E-commerce sales

  5. Foreign exchange riskImpact: MediumLikelihood: Medium

    The group sells across multiple markets and reports in Danish kroner.

    Exposure: International sales and receivables

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Accounting

Judgemental items
Revenue recognition and returns

Online and wholesale sales require estimates for discounts, bonuses, and returns.

Impact: Affects reported revenue and gross margin

Inventory valuation

Fashion inventory is exposed to obsolescence and markdowns.

Impact: Can create write-downs and margin pressure

Goodwill impairment

Acquisition-led growth creates goodwill that must be tested annually.

Impact: Can produce non-cash impairment charges

Lease accounting

Retail and office leases are capitalized under IFRS 16.

Impact: Affects balance sheet leverage and operating profit presentation

Expected credit losses

Wholesale receivables are measured using a simplified credit loss model.

Impact: Can affect bad-debt expense and receivable carrying values

Last updated: 24/10/2026