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 indicated10/2022-9/202310/2021-9/2022Change %
Net sales425.7391.18.9%
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% 
Adjusted EBITA42.638.810.0%
Adjusted EBITA margin, %10.0%9.9% 
Operating profit37.830.922.4%
Operating profit margin, %8.9%7.9% 
Profit/loss for the period26.522.318.6%
Earnings per share, basic, EUR0.790.6718.7%
Net cash flow from operating activities *)79.646.172.4%
Investments in tangible and intangible assets11.914.2-16.6%
Net debt / LTM adjusted EBITDA1.92.1-12.6%
Adjusted EBITDA73.666.910.1%
Number of loyal customers, thousands1 5431 4546.1%
Number of stores at the end of the period3423352.1%
of which directly operated3303193.4%

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