The third quarter of 2023 was stable for the Storent group, with a net turnover of 12 million euros, 4.5 million euros in EBITDA, and 1.2 million euros in net profit. Due to seasonality, the main profit-generating period is the third quarter. Compared to the second quarter, net sales increased by 12%, while net profit increased by 20%. Compared to the first 9-month period of 2022, in the same period this year, net turnover increased by 2%, reaching 31.5 million euros, EBITDA growth was 4%, reaching 10.3 million euros, and profit before taxes increased by 43%, reaching 2 million euros.

In September, Storent Holdings launched a second bond issue offer worth 4.5 million euros. The total demand for the bonds was 7,273,300 euros from 1,325 unique investors located in 10 different countries, exceeding the offered subscription volume by 62%. With this issue, Storent fully realized its bond issue program in the amount of 15 million euros.

Storent aims to increase its market share in existing markets. The Storent group continues to work on renewing the equipment fleet with great capacity. So far, during the first 9 months of this year, equipment worth 9 million euros has been purchased, and in the following months, an additional 4 million euros will be invested in the fleet.

The management of the Storent group expects that the market situation will be stable in the 4th quarter of this year, and they anticipate achieving the planned results to a large extent. 

Baiba Onkele

Storent Holdings CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

www.storent.com