Aug 09, 2022 / 11:00AM GMT
David Rönnberg - Musti Group Oyj - CEO
Hi, everyone. Welcome to Musti's third-quarter report. With you today, you have David Rönnberg here in Stockholm, and you have Toni in Helsinki.
We can start going into some of the summary that we have from the quarter. So excellent Q3, on track with the long-term targets. We came in at a net sales that increased with 16%, and in this kind of environment, we are extremely happy with that.
Our adjusted EBITDA growth was even stronger, came in at 21%. We also look at it from a two-year growth perspective. So we saw that the two-year growth was accelerating to 39%, which is super strong. And we are also very happy with the cash flow that came in at EUR14 million.
Something that we've been working with a lot is the gross margin and that continued to increase to 46.4% versus last year 45.4%. It has to do with our own and exclusive share of sales and, of course, the campaign pressure. We are selling more and more goods with full price, and in this environment, that, of course, is really, really good.
We added nine
Q3 2022 Musti Group Oyj Earnings Call Transcript
Aug 09, 2022
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers