ITAB Shop Concept: ITAB Group presents summary pro forma combined financial information for 2024 financial year
ITAB Shop Concept AB (publ) ("ITAB Group") completed the acquisition of Financière HMY ("HMY") on 31 January 2025. HMY is consolidated in the ITAB Group as of 1 February 2025. The Interim Report for the first quarter of 2025 will be the first report in which HMY is included.
Ahead of ITAB Group's Interim Report for the first quarter of 2025 and for illustrative purposes only, a summary of pro forma combined financial information for ITAB and HMY for the financial year 2024 is presented below.
| ITAB Group - Pro forma combined financial information 2024 | |||
|
| A | B | C |
|
| ITAB | HMY | Consolidated ITAB Group |
| Net sales, MSEK | 6,585 | 6,694 | 13,279 |
| Gross profit, MSEK | 1,857 | 1,370 | 3,227 |
| Gross margin, % | 28.2% | 20.5% | 24.3% |
| EBIT excl. non-recurring items, MSEK |
|
|
|
| EBIT margin, % | 7.7% | 6.1% | 6.9% |
A) Outcome - As reported in ITAB's Year-End Report dated 7 February 2025.
B) Pro forma - HMY's financial information for 2024 restated in accordance with IFRS Accounting Standards in MSEK.
C) Pro forma - Combined financial information 2024 for the consolidated ITAB Group (columns A + B).
The restated financial information has been prepared and presented in accordance with ITAB Group's accounting policies as described in ITAB's Annual & Sustainability Report for 2024, subject to the fact that the fair values of acquired assets and liabilities have not yet been finally determined and excluding any potential depreciation and amortization of surplus values which will be incurred in connection with the acquisition of HMY. The combined financial information has not been audited.
On a pro forma basis, net sales in MSEK for the combined ITAB Group increased by 8 percent in 2024 compared with 2023.
The combined ITAB Group's customer groups comprise Grocery (51% of total combined net sales 2024), Fashion (11%), DIY & Home improvement (9%), and Other customer groups (29%).
ITAB Group's Interim Report for the first quarter of 2025 is scheduled to be published on 29 April 2025.
Jönköping, 16 April 2025
ITAB Shop Concept AB (publ)
This information was submitted for publication, through the agency of the contact persons set out below, at 8:30 a.m. CEST on 16 April 2025.
For further information, please contact:
Ulrika Bergmo Sköld, CFO, ITAB Group
Telephone: +46-73 230 05 98
Mats Karlqvist, Head of Investor Relations
Telephone: +46 70 660 31 32
ITAB Shop Concept AB (publ), Box 9054, SE-550 09 Jönköping, Sweden
itab.com, itabgroup.com