Matas A/S
CSE:MATAS
Matas A/S
Matas A/S engages in the operation of retail chain for beauty, personal care, and health products. Each of the Company's stores offers products diversified into four product segments: Beauty Shop; Vital Shop; Material Shop, and Matas MediCare. The Beauty Shop segment includes cosmetics, fragrances, skincare and hair care products. The Vital Shop segment offers vitamins, minerals and supplements. The Material Shop segment encompasses household and personal care goods including cleaning and maintenance, personal grooming, childcare and sports-related products. The Matas MediCare segment offers over-the-counter medicine and first aid products. The firm's product offering includes both international and Danish health and beauty brands, as well as its own brands like Stripes (principal own brand), Matas Natur and Plaisir.
Matas A/S engages in the operation of retail chain for beauty, personal care, and health products. Each of the Company's stores offers products diversified into four product segments: Beauty Shop; Vital Shop; Material Shop, and Matas MediCare. The Beauty Shop segment includes cosmetics, fragrances, skincare and hair care products. The Vital Shop segment offers vitamins, minerals and supplements. The Material Shop segment encompasses household and personal care goods including cleaning and maintenance, personal grooming, childcare and sports-related products. The Matas MediCare segment offers over-the-counter medicine and first aid products. The firm's product offering includes both international and Danish health and beauty brands, as well as its own brands like Stripes (principal own brand), Matas Natur and Plaisir.
Revenue Growth: Group revenue grew by 5% reported and 4.4% currency neutral in Q2, with Matas up 6.8% and KICKS up 1.4% (excluding Skincity impact).
Margin Improvement: EBITDA margin before special items reached 12.4%, or 12.7% adjusted for FX, slightly up from last year, supported by improved mix and synergies.
Digital Platform Launch: The group rolled out a unified digital platform across the Nordics, expected to drive future efficiencies but caused a 1% drag on group sales in the quarter.
Customer Gains: Transactions rose by 500,000 in the first half, with 100,000 new loyalty members in the quarter, reflecting stronger customer engagement, especially among younger shoppers.
Guidance Maintained: Full-year guidance reaffirmed: 3–7% revenue growth, around 15% EBITDA margin, CapEx at 3–4% of revenues. No changes to long-term targets.
Cost Control & Logistics: Costs remain tightly managed, with efficiency gains from new logistics centers and staff costs down as a percentage of revenue.
Market Conditions: Demand remains solid in Denmark and improving in Norway, while Sweden is still soft but showing early signs of stabilization. FX headwinds persist but are being managed.
Leadership Transition: This was the last call for outgoing CEO Gregers Wedell-Wedellsborg, who emphasized business stability and strategic continuity.
