Pressmeddelanden, rapporter och bolagsmeddelande för Musti Group Oyj

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Main Market, Helsinki News

Nyhetsuppdatering från Musti Group Oyj

Interimsrapport: Musti Group Oyj osavuosikatsaus 1.10.2023-30.6.2024

1. Bifogad dokument

Main Market, Helsinki News profile image

Main Market, Helsinki News

Nyhetsuppdatering från Musti Group Oyj

Interimsrapport: Musti Group plc Interim Report 1 October 2023 - 30 June 2024

Musti Group plc's interim report for the period from October 2023 to June 2024 highlights the company's resilience and growth in its customer base despite a challenging business environment. Key figures show a slight increase in net sales by 0.7% to EUR 104.0 million for the April-June 2024 quarter. However, the company experienced a decrease in profitability, with adjusted EBITA falling by 59.4% to EUR 3.9 million, attributed to a weak consumer climate and targeted price investments. Online sales grew by 7.4%, making up 25.1% of total net sales, while in-store sales saw a slight decline. Musti opened six new stores and continued to invest in omni and online initiatives to enhance customer convenience. The report also notes a stabilization in the pet care market post-COVID, with expectations of a rebound to long-term trends. The Board withdrew long-term financial targets and revised the dividend policy to focus on sustainable growth. A webcast for analysts and media is scheduled for 30 July 2024.

1. Bifogad dokument