Finland's Musti Group Q3 sales rise on acquisition boost, firm demand
Overview
Finland pet care retailer's Q3 net sales rose 17.7% with growth in all markets
Adjusted EBITDA for Q3 rose 21.9%, with margin improving to 13.7%
Net cash flow from operations more than doubled, driven by profitability and lower working capital
Outlook
Musti forecasts full-year 2026 net sales of EUR 508.9 mln
Company expects full-year 2026 adjusted EBITDA of EUR 62.0 mln
Company sees improving retail volumes in Sweden and Finland
Result Drivers
ACQUISITION IMPACT - Co said Q3 net sales were boosted by the acquisition of ZU in Portugal, contributing EUR 9.8 mln
OWN BRAND PRODUCTION - Higher share of own brand food produced in co's own factory drove gross margin improvement
LIKE-FOR-LIKE GROWTH - Co reported 5.6% like-for-like sales growth across all markets in Q3
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | EUR 149.90 mln | ||
Q3 Adjusted EBITDA | EUR 20.60 mln | ||
Q3 Gross Margin | 44.60% | ||
Q3 Adjusted EBITA | EUR 8.40 mln | ||
Q3 Adjusted EBITA Margin | 5.60% | ||
Q3 Adjusted EBITDA Margin | 13.70% |
Reuters Recommended Reads
Nov 3 - Online fashion retailer Boozt Q3 revenue rises on wider assortment
Nov 4 - Sweden's Cloetta Q3 net sales rise; hits mid-term profit target ahead of schedule
Nov 3 - Sweden's Latour Q3 industrial profit jumps on sales volume
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)