Lagkagehuset posts record annual revenues and significantly reduces debt

The Danish bakery group’s drive to improve operational efficiency and store-level profitability yielded positive results, with full-year EBITDA increasing 68% and net losses falling by DKK 85m ($13.1m)

Denmark’s Lagkagehuset has credited greater operational efficiency, digital sales growth and strong footfall as driving record annual revenues and improved profit margins last year.