KEYTO Group AB (publ) announces Q2 2024 financial results

KEYTO Group, the leading tech-enabled, one-stop destination for professional home services, is pleased to announce its financial results for the second quarter of 2024.

GROUP FINANCIAL HIGHLIGHTS

YTD net sales amounted to SEK 983 million, in line with the corresponding period the previous year
YTD Adjusted EBITDA saw a growth of 16%, reaching SEK 72 million. Excluding acquisitions, the organic growth of adjusted EBITDA corresponded to 24%
Q2 2024 net sales remained stable compared to the previous year, amounting to SEK 509 million
Q2 2024 Adjusted EBITDA amounted to SEK 34 million

CEO of KEYTO, Cecilia Tosting - "During Q2 we launched our umbrella brand, KEYTO, which is an important step towards our vision of a one-stop destination that maximizes consumer convenience for home-related services. In Q2, KEYTO Group made significant progress, and our focus moving forward will be on driving profitable organic growth, strengthening our service offerings and geographical footprint, enhancing operational efficiency, and delivering first-class services to create long-term value”.