Pressmeddelanden, rapporter och bolagsmeddelande för Musti Group Oyj

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.