Musti Group 3Q operating profit EUR 0.27m

Musti Group 3Q operating profit EUR 0.27m

Musti Group Oyj, a leading Nordic pet care company, has reported its third-quarter operating profit for the period ending June 30, 2025, amounting to EUR 0.27 million. This figure represents a significant improvement from the previous year's operating profit of EUR -0.9 million, as per the company's half-year report released on July 28, 2025 [1].

The company's net sales for the first six months of 2025 totaled EUR 560.6 million, a 17.0% increase compared to the same period in 2024. This growth was driven by strong sales across all markets, including the Nordic region and the newly acquired Baltic market. The acquisition of Pet City in the Baltics contributed EUR 8.8 million to the net sales, highlighting the company's strategic expansion efforts [1].

Despite the positive sales growth, Musti Group's profitability was impacted by investments in growth and market share, reflected in the gross margin and increased operating expenses. Adjusted EBITDA for the first half of 2025 was EUR 12.9 million, up from EUR 12.5 million in 2024, while adjusted EBITDA margin remained at 10.6% [1].

The company's net cash flow from operating activities for the first half of 2025 was EUR 11.4 million, a significant improvement from EUR -3.3 million in 2024. This positive cash flow was attributable to the favorable development of the net working capital and non-recurring items [1].

Musti Group's CEO, David Rönnberg, commented on the company's performance, stating, "Q2 was a very positive period for Musti. Strong sales growth underpinned market share gains, extending our leadership in a rebounding market. Following a long period of low to flat underlying market growth, we are seeing evidence of a market turnaround, and we're focused on capitalizing on this in all segments" [1].

The company's focus on expanding its market share and optimizing its product assortment, including exclusive products, has contributed to its strong performance. Musti Group continues to seek new opportunities in existing and new markets, with a commitment to delivering top-quality, good value food and accessories, and supportive pet care services [1].

Musti Group's financial year is calendar year, and the company's net sales for the past 12 months (calendar year 2024) were EUR 444 million. At the end of year 2024, the company had over 2,000 employees, 1.9 million customers, and 415 stores [1].

References:

[1] Reuters. (2025, July 28). Musti Group plc Half-Year Report 1 January 2025 - 30 June 2025. Retrieved from https://www.tradingview.com/news/reuters.com,2025-07-28:newsml_Wkrb5MjY4:0-musti-group-plc-half-year-report-1-january-2025-30-june-2025/