Musti Group, the leading pet retailer in the Nordic region, reported a turnover of €560.6 million for the financial year 2024, a significant rise from €425 million in 2023. This increase is partly due to a 15-month business period and the acquisition of Estonian Pet City and Pet City Clinic, marking the company’s expansion into the Baltic market. Despite this growth, like-for-like sales saw only a modest 1.1% increase, a stark contrast to the 9.5% rise in the previous year. CEO David Rönnberg expressed satisfaction with the company’s market expansion but acknowledged a decline in operating profit, which fell from €37.8 million in 2023 to €16.2 million in 2024.
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