Musti: We are not letting the dogs loose with current valuation
Musti's net sales and market share continued to grow strongly in Q4, but similar to last quarter, earnings growth was more sluggish. We hardly made any adjustments to our forecasts. We estimate that the expected strong earnings growth will be largely lost in digesting the high multiples and that the low return expectation of the share over the next few years won’t exceed our return requirement
Musti Group
Musti Group offers products and services for pets. The group manages stores focused on dogs, cats, and other pets. The business is run via franchise but also via a number of other brands. The largest presence is in the Nordic market, with private customers as the largest customer base. In addition to the main activities, training, education, and service are offered.
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