Latvia · Delayed Price · Currency is EUR AS MADARA Cosmetics Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 17% to EUR 13.36M, driven by e-commerce and product innovation, with EBITDA nearly doubling and margin rising to 11%. Haircare and makeup categories accelerated, and new markets and channels were unlocked, supporting a positive outlook for continued double-digit growth.
Fiscal Year 2025
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2025 saw 12% revenue growth to €23.22M, driven by e-commerce, TikTok, and new B2B channels, despite a 5% EBITDA decline due to one-time costs. Management targets 10%+ growth and double-digit EBITDA margin for 2026, with continued focus on digital, innovation, and geographic expansion.
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Revenue grew 9% like-for-like, driven by ecommerce and new channels, but profitability declined due to investments in pilot projects. Key markets showed double-digit growth, while Spain excelled with 300% revenue increase. Management targets 10% annual growth and a return to double-digit EBITDA margin.
Fiscal Year 2024
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2024 saw strategic divestments and record profitability, with revenue up 11% like-for-like and a focus on core brand growth. 2025 targets at least 10% revenue growth, driven by online user acquisition, new channels, and geographic expansion, while maintaining stable margins.
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Revenue grew 9% year-over-year in H1 2024, driven by export markets and product innovation. Divestments of Mossa and Selfnamed refocused the business, while investments in brand and team are expected to support future growth. EBITDA margin declined to 11%.