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INTRODUCING LARS LARSEN GROUP 5 FY22 at a glance 6 Lars Larsen Group at a glance 8 History 10 Governance 12 Values and strategy 14 Business structure 18 Lars Larsen Group Retail 20 Lars Larsen Group Investments 22 Business model 24 Business highlights 2021/22 26 Financial highlights 2021/22 TRADESMANSHIP 32Bring dedication – meet possibilities Introducing the future President and CEO of JYSK, Rami Jensen 36Garia ‘tees off’ for the next round with new American owner The sale of Denmark’s biggest car manufacturer 38“I am extremely motivated by making a difference.” Meet Hanne Bang Vorre, the future CEO of SengeSpecialisten 42 Embracing history The story of a museum and a founder RESPONSIBILITY 50 24 February 2022 Acting responsibly in a time of war 52 Walking the talk Mapping our Global Tax Footprint 56 Unfolding our responsibility Sustainability in and across Lars Larsen Group 60 Fueling the future Investing in the energy transition 62 Together towards more sustainable tourism How HimmerLand works strategically with sustainability 66 What got us here, won’t get us there Actions and ambitions of Actona Group for a more sustainable business 70 JYSK reaches milestone of FSC TM sourcing target Overcoming challenges through transparent cooperation GROWTH 76Actona Group’s year of acquisitions Accelerating growth in a challenged market 80Combining horsepower to take the lead A major merger makes its mark on the Danish car leasing landscape 82 The building blocks of growth Real estate development in Lars Larsen Group ANNUAL ACCOUNTS 88 Basis of preparation 89 Income statement 1 September - 31 August 90 Balance sheet at 31 August Assets 91 Balance sheet at 31 August Liabilities 92 Cash flow statement