on TERACT (EPA:TRACT)
TERACT's 2023-2024 Consolidated Annual Results: Resilience Amid Challenges
TERACT has released its 2023-2024 financial results, revealing a revenue of €911.5 million, consistent with its goal despite macroeconomic challenges. Food Retail sales increased to 16% of total sales from 10.4% the previous year. Meanwhile, the Garden Centre/Pet Retail segment saw a decline by 5.3% due to economic strains and adverse weather impacts.
Adjusted EBITDA was €56.4 million, showing resilience despite inflation pressures. Looking ahead, TERACT plans to expand its Food Retail segment with new store openings and aims for a revenue range of €900 to €950 million for 2024-2025. Cost-saving measures remain a priority to counter ongoing economic pressures.
The company also committed to CSR goals for 2025 and 2030, focusing on sustainability and operational efficiency. Despite challenges, TERACT plans to continue growth through strategic brand development and network optimization.
R. H.
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