Modern furniture supplier Fritz Hansen says rising demand from customers in the US and Asia can lift sales by more than a third over the next two years.

In an interview with Danish financial newspaper Børsen, managing director Jacob Holm said the firm had set a turnover target of 750m Danish Kroner, equivalent to close to £80m at today’s exchange rate.

That would represent an uplift of about 36 per cent from current sales levels of 550m Danish Kroner at the company, which has significant UK sales through stockists such as Chaplins Furniture, Heal’s, Nest and Skandium.

Mr Holm said Fritz Hansen sales in the US and Asian markets had risen 41 per cent and 47 per cent respectively in 2015, with the firm also planning to increase its brand store footprint, with openings this year in Copenhagen, San Francisco and Tokyo.

Profits totalled 100m Danish kroner (£10.4m) in 2015.