Revenue and earnings growth continued as Matas and KICKS joined forces - Seite 2

“The summer quarter was a milestone in Matas’ history. We joined forces with KICKS to create the Nordic market leader, and we are off to a good start with close collaboration and first synergies delivered. At the same time, our organic growth strategy delivered 8% growth despite a wet July and macroeconomic uncertainty. Sales were up across all channels with standout online growth of 33% in Matas. Our investment in assortment expansion continued with 44 new brands introduced in the quarter. Finally, we broke ground for Matas Logistics Center and took final steps towards the opening of KICKS’ Logistics Center, creating a platform for long-term growth across the Nordics.”

Key figures and ratios

	Q2 2023/24	Q2 2022/23	H1 2023/24	H1 2022/23
Key figures (DKKm)
Revenue	1,285.4	989.2	2,435.4	2,042.7
Gross profit	572.6	442.9	1,078.7	909.0
EBITDA before special items	177.2	160.0	378.2	351.5
Profit after tax	1.6	46.7	50.6	115.8
Free cash flow	(778.6)	60.2	(577.7)	158.8
Ratios
Organic growth	8.0%	1.6%	8.6%	2.4%
Gross margin	44.5%	44.8%	44.3%	44.5%
EBITDA margin before special items	13.8%	16.2%	15.5%	17.2%
Net interest-bearing debt/ EBITDA before special items			2.8	2.0