Musti Group Oyj
ISIN: FI4000410758 | Ticker: MUSTI | LEI: 743700IE9NQGF9YZAI97
Country: Finland
Musti Group is the leading Nordic pet care company that operates an omnichannel business model to cater for the needs of pets and their parents across Finland, Sweden and Norway.
The company had 277 stores as at 30 September 2019 (including own and franchise stores) and 20.7 percent of its net sales were generated through its online channel for the financial year 2019. The company offers a wide, curated assortment of pet products in both food and non-food categories, and has a broad range of own and exclusive as well as third-party brands.
The company also provides pet care services such as grooming, training and veterinary services in selected locations across the Nordic countries.
The company’s concept has a strong “Pet Parent” -oriented customer focus and is built around trust and the expert advice offered by Musti’s store personnel. The company has a popular loyalty club through which members receive targeted communication and special offers.
Nordics
HeadquartersMäkitorpantie 3, 620 Helsinki – Finland
| Line item in (eur) | 01.10.2019 | 02.10.2019 | 01.10.2020 | 02.10.2020 | 01.10.2021 | 02.10.2021 | 01.10.2022 | 02.10.2022 | 01.10.2023 |
|---|---|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | 312,292,000.00 | N/A | 337,545,000.00 | N/A | 371,446,000.00 | N/A | 394,242,000.00 |
| Noncurrent Assets | N/A | N/A | 246,452,000.00 | N/A | 270,148,000.00 | N/A | 287,744,000.00 | N/A | 300,322,000.00 |
| Property Plant And Equipment | N/A | N/A | 11,304,000.00 | N/A | 15,759,000.00 | N/A | 18,538,000.00 | N/A | 27,570,000.00 |
| Goodwill | N/A | N/A | 145,434,000.00 | N/A | 157,831,000.00 | N/A | 170,505,000.00 | N/A | 174,375,000.00 |
| Intangible Assets Other Than Goodwill | N/A | N/A | 20,480,000.00 | N/A | 18,705,000.00 | N/A | 16,896,000.00 | N/A | 18,413,000.00 |
| Investment Accounted For Using Equity Method | N/A | N/A | 960,000.00 | N/A | 990,000.00 | N/A | 1,074,000.00 | N/A | 0.00 |
| Deferred Tax Assets | N/A | N/A | 5,914,000.00 | N/A | 5,008,000.00 | N/A | 4,351,000.00 | N/A | 2,824,000.00 |
| Other Noncurrent Financial Assets | N/A | N/A | 345,000.00 | N/A | 109,000.00 | N/A | 154,000.00 | N/A | 111,000.00 |
| Noncurrent Derivative Financial Assets | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | N/A | 1,257,000.00 |
| Current Assets | N/A | N/A | 65,840,000.00 | N/A | 67,397,000.00 | N/A | 83,702,000.00 | N/A | 93,920,000.00 |
| Inventories | N/A | N/A | 36,376,000.00 | N/A | 44,297,000.00 | N/A | 61,401,000.00 | N/A | 58,385,000.00 |
| Trade And Other Current Receivables | N/A | N/A | 6,466,000.00 | N/A | 9,322,000.00 | N/A | 9,486,000.00 | N/A | 11,575,000.00 |
| Current Tax Assets Current | N/A | N/A | 1,378,000.00 | N/A | 281,000.00 | N/A | 625,000.00 | N/A | 1,612,000.00 |
| Other Current Financial Assets | N/A | N/A | 15,000.00 | N/A | 0.00 | N/A | 0.00 | N/A | N/A |
| Cash and cash equivalents | 8,629,000.00 | 8,629,000.00 | 21,606,000.00 | 21,606,000.00 | 13,013,000.00 | 13,013,000.00 | 10,054,000.00 | 10,054,000.00 | 21,954,000.00 |
| Current Derivative Financial Assets | N/A | N/A | 0.00 | N/A | 484,000.00 | N/A | 2,135,000.00 | N/A | 394,000.00 |
| Equity And Liabilities | N/A | N/A | 312,292,000.00 | N/A | 337,545,000.00 | N/A | 371,446,000.00 | N/A | 394,242,000.00 |
| Equity | 98,420,000.00 | N/A | 153,279,000.00 | N/A | 156,977,000.00 | N/A | 160,367,000.00 | 160,367,000.00 | 164,387,000.00 |
| Issued Capital | N/A | N/A | 11,002,000.00 | N/A | 11,002,000.00 | N/A | 11,002,000.00 | N/A | 11,002,000.00 |
| Retained Earnings | N/A | N/A | -25,132,000.00 | N/A | -2,891,000.00 | N/A | 21,318,000.00 | N/A | 46,009,000.00 |
| Treasury Shares | N/A | N/A | 0.00 | N/A | 6,910,000.00 | N/A | 6,910,000.00 | N/A | 5,340,000.00 |
| Other Reserves | N/A | N/A | 167,412,000.00 | N/A | 154,691,000.00 | N/A | 140,043,000.00 | N/A | 123,349,000.00 |
| Equity Attributable To Owners Of Parent | N/A | N/A | 153,122,000.00 | N/A | 156,867,000.00 | N/A | 160,292,000.00 | N/A | 164,299,000.00 |
| Noncontrolling Interests | N/A | N/A | 157,000.00 | N/A | 110,000.00 | N/A | 75,000.00 | N/A | 88,000.00 |
| Liabilities | N/A | N/A | 159,013,000.00 | N/A | 180,567,000.00 | N/A | 211,079,000.00 | N/A | 229,855,000.00 |
| Noncurrent Liabilities | N/A | N/A | 102,486,000.00 | N/A | 109,283,000.00 | N/A | 120,940,000.00 | N/A | 132,372,000.00 |
| Deferred Tax Liabilities | N/A | N/A | 2,168,000.00 | N/A | 2,684,000.00 | N/A | 3,265,000.00 | N/A | 4,881,000.00 |
| Other Noncurrent Financial Liabilities | N/A | N/A | 49,781,000.00 | N/A | 49,872,000.00 | N/A | 59,898,000.00 | N/A | 69,943,000.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | N/A | 0.00 | N/A | 14,000.00 | N/A | 0.00 | N/A | 2,031,000.00 |
| Current Liabilities | N/A | N/A | 56,527,000.00 | N/A | 71,285,000.00 | N/A | 90,139,000.00 | N/A | 97,482,000.00 |
| Other Shortterm Provisions | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | N/A | 21,000.00 |
| Trade And Other Current Payables | N/A | N/A | 40,264,000.00 | N/A | 46,827,000.00 | N/A | 48,571,000.00 | N/A | 61,725,000.00 |
| Current Tax Liabilities Current | N/A | N/A | 233,000.00 | N/A | 4,257,000.00 | N/A | 3,640,000.00 | N/A | 1,711,000.00 |
| Other Current Financial Liabilities | N/A | N/A | 0.00 | N/A | 0.00 | N/A | 14,950,000.00 | N/A | 9,412,000.00 |
| Current Derivative Financial Liabilities | N/A | N/A | 53,000.00 | N/A | 441,000.00 | N/A | 73,000.00 | N/A | 306,000.00 |
| Line item in (eur) | 01.10.2019/ 01.10.2020 |
10.01.2020/ 01.10.2021 |
01.10.2020/ 01.10.2021 |
01.10.2021/ 01.10.2022 |
01.10.2022/ 01.10.2023 |
|---|---|---|---|---|---|
| Revenue | 284,397,000.00 | N/A | 340,856,000.00 | 391,122,000.00 | 425,740,000.00 |
| Other Income | 1,283,000.00 | N/A | 2,270,000.00 | 2,516,000.00 | 5,052,000.00 |
| Employee Benefits Expense | 48,364,000.00 | N/A | 61,828,000.00 | 72,592,000.00 | 76,782,000.00 |
| Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 24,238,000.00 | N/A | 28,565,000.00 | 34,542,000.00 | 36,756,000.00 |
| Other Expense By Nature | 33,924,000.00 | N/A | 39,147,000.00 | 46,078,000.00 | 48,527,000.00 |
| Profit Loss From Operating Activities | 19,554,000.00 | N/A | 28,377,000.00 | 30,882,000.00 | 37,800,000.00 |
| Finance Income | 14,420,000.00 | N/A | 5,780,000.00 | 6,395,000.00 | 6,522,000.00 |
| Finance Costs | 20,314,000.00 | N/A | 7,275,000.00 | 8,837,000.00 | 10,605,000.00 |
| Profit Loss Before Tax | 13,661,000.00 | N/A | 26,882,000.00 | 28,440,000.00 | 33,717,000.00 |
| Income Tax Expense Continuing Operations | 1,907,000.00 | N/A | 5,988,000.00 | 6,109,000.00 | 7,229,000.00 |
| Profit (loss) | 11,754,000.00 | N/A | 20,895,000.00 | 22,330,000.00 | 26,487,000.00 |
| Profit Loss Attributable To Owners Of Parent | 11,712,000.00 | 22,328,000.00 | 20,872,000.00 | 22,328,000.00 | 26,448,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 42,000.00 | 2,000.00 | 23,000.00 | 2,000.00 | 39,000.00 |
| Line item in (eur) | 01.10.2019 | 01.10.2020 | 02.10.2020 | 02.10.2019 | 01.10.2021 | 01.10.2022 | 02.10.2021 | 01.10.2023 | 02.10.2022 |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) | N/A | 11,754,000.00 | N/A | N/A | 20,895,000.00 | 22,330,000.00 | N/A | 26,487,000.00 | N/A |
| Adjustments For Decrease Increase In Inventories | N/A | -3,659,000.00 | N/A | N/A | 6,653,000.00 | 16,301,000.00 | N/A | 2,127,000.00 | N/A |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | N/A | N/A | N/A | -5,269,000.00 | -1,678,000.00 | N/A | -13,096,000.00 | N/A |
| Other Adjustments To Reconcile Profit Loss | N/A | -300,000.00 | N/A | N/A | 1,466,000.00 | 1,296,000.00 | N/A | -2,174,000.00 | N/A |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | 762,000.00 | N/A | N/A | 706,000.00 | -5,199,000.00 | N/A | 7,532,000.00 | N/A |
| Cash Flows From Used In Operating Activities | N/A | 41,864,000.00 | N/A | N/A | 54,950,000.00 | 46,135,000.00 | N/A | 79,550,000.00 | N/A |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 1,361,000.00 | N/A | N/A | 10,330,000.00 | 18,735,000.00 | N/A | 6,715,000.00 | N/A |
| Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities | N/A | 600,000.00 | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | N/A | N/A | N/A | 12,878,000.00 | 14,216,000.00 | N/A | 11,863,000.00 | N/A |
| Cash Advances And Loans Made To Other Parties Classified As Investing Activities | N/A | N/A | N/A | N/A | -230,000.00 | 0.00 | N/A | 18,578,000.00 | N/A |
| Other Inflows Outflows Of Cash Classified As Investing Activities | N/A | N/A | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A |
| Cash Flows From Used In Investing Activities | N/A | -10,972,000.00 | N/A | N/A | -22,969,000.00 | -32,951,000.00 | N/A | -18,578,000.00 | N/A |
| Proceeds From Issuing Shares | N/A | 45,000,000.00 | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A |
| Payments To Acquire Or Redeem Entitys Shares | N/A | 0.00 | N/A | N/A | 6,910,000.00 | 0.00 | N/A | N/A | N/A |
| Proceeds From Borrowings Classified As Financing Activities | N/A | N/A | N/A | N/A | 0.00 | 60,000,000.00 | N/A | 10,044,000.00 | N/A |
| Repayments Of Borrowings Classified As Financing Activities | N/A | N/A | N/A | N/A | 0.00 | 50,000,000.00 | N/A | 8,427,000.00 | N/A |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 14,819,000.00 | N/A | N/A | 17,297,000.00 | 22,114,000.00 | N/A | 24,427,000.00 | N/A |
| Dividends Paid Classified As Financing Activities | N/A | 0.00 | N/A | N/A | 75,000.00 | 15,000.00 | N/A | 0.00 | N/A |
| Interest Paid Classified As Financing Activities | N/A | N/A | N/A | N/A | 5,190,000.00 | 7,089,000.00 | N/A | 4,147,000.00 | N/A |
| Other Inflows Outflows Of Cash Classified As Financing Activities | N/A | N/A | N/A | N/A | 1,620,000.00 | 2,759,000.00 | N/A | 1,209,000.00 | N/A |
| Cash Flows From Used In Financing Activities | N/A | -17,915,000.00 | N/A | N/A | -40,573,000.00 | -16,143,000.00 | N/A | -48,655,000.00 | N/A |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | N/A | -2,959,000.00 | N/A | N/A | -2,959,000.00 | N/A | 12,317,000.00 | N/A |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | N/A | N/A | N/A | 0.00 | 0.00 | N/A | -417,000.00 | N/A |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | 12,977,000.00 | N/A | N/A | -8,592,000.00 | -2,959,000.00 | N/A | N/A | N/A |
| Cash and cash equivalents | 8,629,000.00 | 21,606,000.00 | 21,606,000.00 | 8,629,000.00 | 13,013,000.00 | 10,054,000.00 | 13,013,000.00 | 21,954,000.00 | 10,054,000.00 |
Please note that some sums might not add up.
FI4000410758
LEI743700IE9NQGF9YZAI97
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