Rusta AB

RUSTA

Equity

ISIN SE0020848356 / Valor 129918383

NASDAQ Nordic Exchange Stockholm, Equities (2025-03-11)

SEK 76.15-2.37%

Rusta AB
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About company

Rusta AB is a Swedish retail chain established in 1979 by Bengt-Olov Forssell and Anders Forsgren, with its first store opening in Gävle in 1986. The company operates under the governance framework of the Swedish Companies Act, with its headquarters located in Upplands Väsby, Sweden. Rusta's business model is centered around offering a wide range of everyday products at competitive prices, aiming to cater to the needs of consumers seeking value for their purchases. Over the years, Rusta has expanded its presence significantly, although the source does not specify the current number of stores or international footprint. The company's product portfolio includes, but is not limited to, home decor, tools, garden supplies, and leisure products, reflecting its commitment to providing a broad selection of goods that appeal to a wide customer base. Rusta's approach to retail emphasizes affordability without compromising on quality, positioning the company as a go-to destination for budget-conscious shoppers in Sweden and potentially beyond.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Net Sales Growth

Rusta AB reported net sales of MSEK 2,723 for the second quarter of 2024, marking a 3.1% increase compared to the same period last year. Excluding currency effects, net sales growth was 5.1%. The quarter was impacted by significant currency effects, which negatively affected net sales by 2.0%. Despite these challenges, the company experienced increased footfall and a rise in receipts, although the average ticket value was slightly lower.

Gross Profit and Margin

For the second quarter of 2024, Rusta AB's gross profit increased by 3.6% year-on-year, amounting to MSEK 1,195. The gross margin improved to 43.9%, up from 43.6% in the previous year. This improvement was achieved despite investments in lower prices to strengthen Rusta's low-price position and drive volumes. The positive effect on the gross margin was attributed to lower purchasing prices and a higher share of sales from Rusta's private label products.

EBITA Performance

Rusta AB's EBITA for the second quarter of 2024 was MSEK 135, compared to MSEK 141 in the same period last year. This resulted in an EBITA margin of 4.9%, down from 5.3% in the previous year. Excluding currency effects, the company's profitability improved due to a higher gross margin and a reduced share of operating costs. The company continues to focus on maintaining profitability despite external challenges.

Store Expansion

During the second quarter of 2024, Rusta AB opened five new stores, contributing to a net increase in the number of newly approved and agreed stores from 35 to 38. The company has revised its forecast for store openings, now planning to open 50–80 new stores over the next three years, up from the previous forecast of 40–60. This expansion is part of Rusta's strategy to strengthen its market presence in the Nordic region.

Loyalty Program Growth

Rusta AB's loyalty program, Club Rusta, continued to grow during the second quarter of 2024, surpassing six million members, which represents a 13.2% increase. This growth reflects the company's ability to attract new customer groups to its low-price concept. The loyalty program enables Rusta to reach customers with relevant offers more efficiently, supporting the company's sales growth and customer engagement strategies.

Summarized from source with an LLMView Source

Key figures

15.5%1Y

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Performance

37.6%1Y

40.6%3Y

40.6%5Y

Volatility