Flokk delivered solid performance in 2025, driven by strong growth in the United States and strategic acquisitions. Nearly 50 percent of the Group’s revenue now comes from North America.
“2025 delivered 10 percent growth, reaching NOK 4.7 billion in revenue. This growth was primarily driven by strong development in the US market. We are seeing a clear shift in the market, with North America becoming our most important growth engine. As a result, we are taking the next step as a global player with a strong position in two core regions — North America and Europe,” says Group CEO Henning Karlsrud.
The North American market delivered double-digit organic growth, while both the Nordic region and China also developed positively. In Norway, sales grew by 12 percent and in Finland by 15 percent. At the same time, demand was weaker in parts of Europe.
Growth through strategic acquisitions Flokk maintained its margins and strengthened top-line growth through strategic acquisitions and strong organic growth in key markets such as the US and the Nordics. The company continues to pursue its strategy of consolidating a fragmented industry through targeted transactions.
“We operate in a market characterised by geopolitical uncertainty and varying demand patterns. While we are seeing positive developments in order intake and selected markets, we remain focused on strict cost control and operational efficiency. We are well positioned for continued growth,” says Karlsrud.
The acquisition of US-based Via Seating in early 2025 contributed significantly to growth throughout the year. Stylex, acquired in 2024, also delivered strong results and further strengthened Flokk’s position in the North American market.
Following the end of the reporting year, Flokk completed the acquisition of Canadian company Spec Furniture in April 2026. The acquisition further expands Flokk’s North American presence and increases the Group’s exposure to attractive sectors, particularly healthcare.
“With 40 percent of our revenue coming from the US by the end of 2025 — and close to 50 percent following the acquisition of Spec — we have built a strong position in North America that gives us greater diversification and resilience,” says Karlsrud.
