Latvia · Delayed Price · Currency is EUR AS MADARA Cosmetics Earnings Call Transcripts
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 to EUR 11.21 million, driven by strong export market performance and successful product innovations. Strategic carve-outs and investments in brand and team impacted margins, but the outlook remains for at least 10% annual growth.