Musti grows by 17.7 per cent in the Q3

The Musti Group continued its growth trajectory in the third quarter of 2026. The Finnish pet retail group’s turnover rose by 17.7 per cent to 149.9 million euros between July and September. Like-for-like growth stood at 5.6 per cent. All markets contributed to this positive performance. The acquisition of the Portuguese company ZU contributed €9.8 million to turnover.

Profitability also improved: adjusted EBITDA rose by 21.9 per cent to €20.6 million. The corresponding margin rose from 13.3 to 13.7 per cent. The gross margin improved to 44.6 per cent. Musti cites the increased proportion of own-brand pet food, which is produced in the company’s own factory, as a key reason for this.

The core Nordic markets performed particularly strongly. In Sweden, turnover rose by 11.8 per cent, with like-for-like growth reaching 7.2 per cent. In Norway, turnover…