Net sales grew 17% year-over-year to EUR 121.7 million, with growth across all markets and a boost from the Pet City/Baltic acquisition.
Like-for-like sales increased 5.7% year-over-year, reversing a prior decline.
Adjusted EBITDA rose to EUR 12.9 million, with margin at 10.6%, but profitability was pressured by integration and growth investments.
Gross margin improved to 43.8%, supported by a higher share of own and exclusive brands.
Store network expanded to 419 locations, including 62 new stores from the Pet City acquisition.
Net sales reached EUR 121.7 million for Q2 (+17% y/y); H1 net sales at EUR 241.5 million (+14.3% y/y).
Adjusted EBITDA was EUR 12.9 million (10.6% margin); H1 adjusted EBITDA EUR 25.7 million.
Gross margin increased to 43.8% from 43.3% year-over-year.
Net cash flow from operating activities H1: EUR 30.0 million, up from EUR 3.8 million y/y.
Net debt at EUR 196.1 million, leverage ratio at 3.3x.
Focus on integrating Baltic operations and expanding store, spa, and vet clinic footprint.
Management expects continued market share gains and aims to bring all markets to Finland's profitability levels.
Market expected to return to long-term growth of 4% in 2025, supported by stabilizing pet population and improving consumer spending.
Further geographical expansion under review, with Portugal and Spain as potential targets.
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Search for any keyword across all transcripts simultaneously.
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
The easiest way to stay updated during earnings season.
All events from public companies. Live and recorded.
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage