On February 25, Qumei Home Furnishing Group Co., Ltd. issued an announcement on the simultaneous disclosure of major financial data of overseas subsidiaries.

The content of the announcement is mainly the main financial data of Ekornes QM Holding AS (hereinafter referred to as Ekornes), a wholly-owned subsidiary of Qumei Home Furnishings, in 2020, including the revenue of Ekornes's Stressless, IMG, Svane and other brands.

Ekornes's total operating income in 2020 is approximately 2.689 billion yuan, and its 2019 revenue is 2.176 billion yuan, a year-on-year increase of 23.58%.

Its sub-brand Stressless has revenues of 1.961 billion yuan; IMG revenues of 519 million yuan; Svane revenues of 209 million yuan; EBITDA revenues of 515 million yuan; EBIT revenues of 281 million yuan.

Ekornes has a net profit of approximately 110 million yuan in 2020, and a net profit of 69.2 million yuan in 2019, a year-on-year increase of 58.96%.

According to data, Ekornes is a well-known global brand, founded in 1934 and headquartered in Ikornnes, Norway.

After years of capital operation and product innovation, it has tens of millions of users worldwide, and its brands have more than 5,000 retail terminals, covering almost the world's major furniture markets. In 2018, Ekornes was acquired by Qumei Home Furnishing.