Footshop group's sales grow by 34 pct yr/yr to Kc1.43bn in 2024

Prague, Feb 17 (CTK) - The Footshop group, a streetwear shoes and clothing retailer, saw its sales rise by 34 percent year-on-year to Kc1.43bn last year, while its earnings before interest, taxes, depreciation and amortisation (EBITDA) roughly doubled to Kc117m, Footshop said in a press release.

For this year, the group plans to grow its sales to Kc1.7bn-Kc1.9bn, while EBITDA is expected to increase to Kc140m-Kc160m.

The group's gross margin was Kc633m last year, up 44 percent from 2023. According to Footshop, the improved results are due to the establishment of new branches, the expansion of the portfolio of brands offered and the launch of a mobile app.

The company generated more than 75 percent of its sales from markets outside the Czech Republic. Footshop operates in 21 countries, with one brick-and-mortar store each in Prague, Bratislava, Budapest, Bucharest and Warsaw.

Footshop was founded in 2012 in Prague by Peter Hajduček. In June 2023, WOOD SPAC One from the Wood & Company group announced that it had bought a 48.5 percent stake in Footshop for Kc445m. Since August 2023, Footshop shares have also been publicly traded on the Standard market of the Prague Stock Exchange (BCPP).

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