KEYTO Group announces Q3 2024 financial results

KEYTO Group is pleased to announce its financial results for the third quarter of 2024.

GROUP FINANCIAL HIGHLIGHTS

Pro forma Q3 net sales increased by 3% compared to the same quarter 2023, amounting to SEK 484 million (470).
Pro forma Q3 2024 Adjusted EBITDA amounted to SEK 42 million (41).
Pro forma YTD net sales amounted to SEK 1,491 million, somewhat above the corresponding period the previous year
Pro forma YTD Adjusted EBITDA grew by 11%, reaching SEK 117 million (106)

CEO of KEYTO, Cecilia Tosting,
“This quarter reflects our continued commitment to growth and resilience, where we have leveraged the sligthly more positive consumer sentiment in the market, coupled with advancements in our service offerings and an increased customer reach. Over the last quarter, we have also focused on continuing to build towards our vision of unlocking people’s quality of life through the power of our one stop destination. In addition and in line with our growth strategy, we also completed one acquisition in the Appliances segment during the quarter.

Looking ahead, we remain confident that the initiated easing of economic pressures will provide an environment conducive for increased organic growth. Our focus will be on capitalizing on these trends to drive profitable organic growth while pursuing strategic acquisitions to enhance our offering and geographical presence. By staying aligned with our vision and maintaining a steadfast commitment to operational excellence, we aim to deliver lasting value to our customers, employees and stakeholders.”