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.
Record Matas Sales: Matas delivered record sales in Q3, with stand-alone growth of 4.8%, while overall group growth was 1.8% currency-neutral (3.1% reported).
KICKS Under Pressure: KICKS experienced a sales decline of 3.8% (3.2% excluding Skincity), attributed to challenging high-end market conditions and aggressive competitor pricing.
Gross Margin Mixed: Group gross margin was slightly below last year, with Matas margins down due to product mix and timing, while KICKS margins improved year-on-year when adjusted for FX.
Cost Discipline: Operating costs declined 0.5% year-on-year despite sales growth, reflecting strong cost control and lower salary costs.
Guidance Maintained: Management reaffirmed full-year guidance of 3–4% sales growth and 14–14.5% EBITDA margin.
Acceleration Plans: Matas Group is accelerating its strategy, particularly in KICKS, focusing on broader product assortment, pricing discipline, and store productivity.
Online Momentum: Online sales grew 10% in Matas and 2.5% in KICKS; group e-commerce growth was 5%.
Inventory and Cash Flow: Inventories were reduced by almost DKK 300 million during the quarter; free cash flow was around DKK 400 million.
