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JOE & THE JUICE HOLDING A/S

JOE & THE JUICE HOLDING A/S is a Denmark-based holding company for the Joe & The Juice brand, operating a network of juice bars and food-and-beverage venues through its subsidiaries and franchise partners. The business centers on made-to-order drinks, sandwiches, coffee, and similar fresh-service offerings in retail and travel locations across multiple countries.

Kysy yhtiöstä
Liikevaihto3 303milj. DKK
+16,5 %v/v
Liikevoitto (EBIT)205milj. DKK
+19,3 %v/v
EBIT-marginaali6,2%
+0,1 %-yks.v/v
Nettotulos−41,5milj. DKK
−128,9 %v/v
Vapaa kassavirta44,3milj. DKK
−79,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−1 00001 0002 0003 0004 000milj. DKK2022: 1 710 milj. DKK2022: EBIT −47 milj. DKK20222023: 2 424 milj. DKK2023: EBIT 178 milj. DKK20232024: 2 836 milj. DKK2024: EBIT 172 milj. DKK20242025: 3 303 milj. DKK2025: EBIT 205 milj. DKK20253 303205
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: JOE & THE JUICE HOLDING A/S

Liiketoiminta

Osuus liikevaihdosta
Beverages45 %

Fresh juices, smoothies, shots, and coffee beverages sold in-store and to-go.

Food25 %

Sandwiches, wraps, and snack items prepared for quick-service consumption.

Store Sales20 %

Revenue from company-operated juice bars and café-style locations.

Franchise Revenue10 %

Franchise-related income from partner-operated locations and territories.

Asiakkaat

Customers are consumers seeking quick-service food and beverages in urban, transit, and shopping locations. The brand also serves franchise partners and local operators in markets where the company expands through franchised stores. Demand is driven by convenience, menu familiarity, and the ability to offer fresh products for immediate consumption.

End consumers

Buy beverages and food items for immediate consumption and convenience.

Transit and travel customers

Buy grab-and-go drinks and snacks in airports, stations, and similar sites.

Franchise operators

Buy the brand concept and operating model to run local stores.

Commercial property hosts

Provide prime locations and customer traffic for store rollouts.

Strategia

The report points to a strategy of improving store productivity through data-driven and customer-centric store systems while increasing same-store sales in heritage locations. It also indicates continued use of franchising in selected markets, which can extend the brand with lower capital intensity and broaden geographic reach.

Store productivity systemsKeskipitkä aikaväli

Better store systems can improve consistency, throughput, and customer experience across the network.

Same-store sales growthLyhyt aikaväli

Existing locations are core to the model, so higher productivity at mature stores supports the network.

Franchise expansionKeskipitkä aikaväli

Franchise growth broadens market reach while relying on local operating partners.

Maantiede

The company is headquartered in Denmark and operates across a multi-country store network. The annual report excerpt explicitly references franchise revenue from Bahrain, Canada, Iceland, Korea, Kuwait, Lebanon, Qatar, Saudi Arabia, and the United Arab Emirates, indicating a geographically diversified franchising footprint. Geography matters because the brand relies on prime-site retail locations, local consumer tastes, and country-specific franchise execution.

Riskit

The business is exposed to consumer-demand volatility, location execution risk, and dependence on well-performing franchise relationships. As a retail food-and-beverage concept with leased sites and perishable inputs, it also faces margin pressure from rent, labor, supply-chain disruptions, and food safety or quality failures.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Consumer demand volatility1Lease and location fixed-cost exposure2Food safety and product quality3Franchise quality and compliance risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Consumer demand volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Sales depend on discretionary spending and traffic in each location.

    Kohdistuu: Store-level revenue and same-store sales

  2. Lease and location fixed-cost exposureVaikutus: KorkeaTodennäköisyys: Korkea

    Store-based concepts typically carry fixed rent and build-out commitments.

    Kohdistuu: Store economics and profitability

  3. Food safety and product qualityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Fresh-prepared items require strong controls over sourcing, handling, and hygiene.

    Kohdistuu: Reputation and liability

  4. Franchise quality and compliance riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Franchise partners can affect brand standards, customer experience, and legal compliance.

    Kohdistuu: Franchise revenue and brand equity

Kysy Clarifolta: JOE & THE JUICE HOLDING A/S

Kirjanpito

Harkinnanvaraiset erät
Franchise revenue recognition

The group allocates consideration between product sales and rights to future goods/services.

Vaikutus: Can shift revenue between current and future periods

Lease accounting

Store leases create right-of-use assets and lease liabilities with judgment on discount rates and terms.

Vaikutus: Affects leverage, EBITDA-like metrics, and depreciation/interest expense

Goodwill impairment

Goodwill and indefinite-lived intangibles are tested for impairment annually.

Vaikutus: Can cause large non-cash write-downs if store performance weakens

Inventory valuation

Food and supplies are measured against net realizable value.

Vaikutus: Can create write-downs for waste, shrink, or slow-moving stock

Provisions and restoration costs

Store leases may require site restoration and other obligations.

Vaikutus: Can materially affect liabilities and period expenses

Päivitetty: 24.10.2026