Lagkagehuset Reduces Million-Kroner Deficit Amid Customer Growth

Lagkagehuset, the Danish bakery chain, has narrowed its significant financial deficit, reporting a loss of 76.8 million Danish kroner for 2025. This marks an improvement from the previous year's deficit of nearly 94 million kroner, indicating a positive trend in the company's financial performance.

The company, operating under Danish Bake Holding, saw its revenue climb by just over 8% to exceed 1.7 billion kroner in 2025. This growth is attributed to an increase in customer numbers across all its markets and a strong performance in digital sales, which surged by nearly 50%. The company highlighted the success of its app as a key driver for the digital channel's expansion.

Joachim Knudsen, CEO of Lagkagehuset, emphasized the underlying business development, calling 2025 the strongest year in the company's history. "More customers chose us, we experienced growth across all our markets, and sales through our digital channels continued their strong development with an increase of almost 50 percent," he stated in a press release.

Danish Bake Holding operates a total of 144 bakeries. In Denmark, these are branded as Lagkagehuset, while in London and New York, the stores operate under the name Ole & Steen. Founded in Denmark in 1991, Lagkagehuset has undergone several ownership changes, including acquisitions by FSN Capital and currently Nordic Capital.