Flying Tiger Copenhagen has reported a "record-breaking" 2024 performance in its recently published financial results, with plans to accelerate global expansion.

The company achieved revenues of DKK 5.2 billion and opened its 1,000th store, while preparing to enter new markets including Malaysia, Singapore, Canada and Thailand in late 2025.

Martin Jermiin, chief executive of Flying Tiger Copenhagen, stated the results demonstrate increasing demand for the retailer's concept. "Despite a challenging market, we achieved 5 per cent growth, and our position in the international retail sector has strengthened significantly," he said. "Combined with the new capital structure, the future looks exceptionally bright."

The company reported its highest Ebitda in 30 years, with both online and physical stores showing revenue growth. Overall performance increased by more than five per cent for the Danish chain, which now operates in 38 countries.

2024 marked significant expansion with new franchise partnerships establishing stores in Australia, Vietnam, Turkey and Bahrain. The retailer's 1,000th store opening highlighted these global ambitions.

Zebra A/S, Flying Tiger Copenhagen's parent company, simultaneously announced a revised ownership and capital structure. The restructuring includes a DKK 1.4 billion capital injection that has enabled debt repayment, removing previous constraints on strategic flexibility.

John Dueholm, chairman of Zebra A/S, stated: "We now have a stable foundation where debt is no longer an obstacle to growth and development - allowing the company to realise its full potential." The new structure creates improved conditions for both core operations and market expansion.

The ownership changes feature a management-led transition, with chief executive Martin Jermiin and chief financial officer Christian Kofoed Hertz Jakobsen becoming majority owners, supported by banking partners Nordea and Danske Bank. Treville & Co., the largest shareholder since 2021, will exit as part of this transaction.

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