In the third quarter of 2025, Hestio continued to actively implement the previously planned changes to its sales strategy and the development of the e-commerce segment, strengthening its market position and expanding accessibility for customers throughout Latvia. As part of the strategic transformation, retail prices for the majority of product categories have been reduced, supporting new customer acquisition and significantly simplifying the process of initiating cooperation.
The consolidated unaudited turnover of AS Hestio in the third quarter of 2025 reached EUR 3.34m, which is 4% more than in the corresponding period of 2024 and also exceeds the results of all previous third quarters. The figure for the first nine months is EUR 9,75m and represents a 6% y-o-y change.
Despite the stable revenue growth, management continues to maintain disciplined cost control, adhering to the principles of frugality and efficient resource utilisation. By following this policy, Hestio anticipates improvement in profitability indicators in future periods.
In addition, during this period Hestio has launched several initiatives aimed at enhancing customer experience and digital services. This includes a modernised e-commerce platform offering more convenient order management and personalised offers for business clients. The Company continues to expand its product range, ensuring even greater accessibility across all regions of Latvia. An increasing number of companies are choosing Hestio as a reliable partner providing full-service solutions for a comfortable and productive work environment.
About Hestio
Hestio AS is one of the leading workplace solution providers in Latvia, helping companies create a more comfortable, modern and sustainable working environment since 2007. The Company offers full-service solutions — from office supplies and coffee machine leasing to cleaning services and corporate gifts — ensuring that our clients can focus on their core business operations while Hestio takes care of the details that enhance the workplace experience. Hestio is based on values – team, experience, care, inspiration, and its mission is to improve employee well-being and ensure excellent work rhythm.
On December 19, 2023, Hestio bonds were listed on the Nasdaq Riga Baltic First North market, starting a new phase of development with a focus on transparency and long-term value growth.