Musti Group financials
425.7 M€
Net sales
FY 2023
37.8 M€
Operating profit
FY 2023
42.6 M€
Adjusted EBITA
FY 2023
342
Stores (own and franchise)
9/2023
1 643
Employees
9/2023
1.5 M
Loyal customers
9/2023
Musti Group is the leading Nordic pet care specialist operating in Finland, Sweden and Norway. Our primary aim is to support and safeguard the furry everyday life of pet lovers everywhere.
Key figures of Musti Group
| EUR million or as indicated | 10/2022-9/2023 | 10/2021-9/2022 | Change % |
| Net sales | 425.7 | 391.1 | 8.9% |
| Net sales growth, % | 8.9% | 14.7% | |
| LFL sales growth, % | 9.5% | 6.7% | |
| LFL store sales growth, % | 6.7% | 4.2% | |
| Online share, % | 23.0% | 22.2% | |
| Gross margin, % | 45.7% | 46.4% | |
| EBITA | 43.6 | 37.3 | 16.8% |
| Adjusted EBITA | 42.6 | 38.8 | 10.0% |
| Adjusted EBITA margin, % | 10.0% | 9.9% | |
| Operating profit | 37.8 | 30.9 | 22.4% |
| Operating profit margin, % | 8.9% | 7.9% | |
| Profit/loss for the period | 26.5 | 22.3 | 18.6% |
| Earnings per share, basic, EUR | 0.79 | 0.67 | 18.7% |
| Net cash flow from operating activities *) | 79.6 | 46.1 | 72.4% |
| Investments in tangible and intangible assets | 11.9 | 14.2 | -16.6% |
| Net debt / LTM adjusted EBITDA | 1.9 | 2.1 | -12.6% |
| Adjusted EBITDA | 73.6 | 66.9 | 10.1% |
| Number of loyal customers, thousands | 1 543 | 1 454 | 6.1% |
| Number of stores at the end of the period | 342 | 335 | 2.1% |
| of which directly operated | 330 | 319 | 3.4% |
