In 2025, the Company actively continued the development of the E-commerce segment and the implementation of changes to the previously developed sales strategy, which are planned to be completed in early 2026.
Market conditions were influenced by a decrease in customer purchasing power across the industry, which was not fully reflected in the Company’s initial 2025 plans. In response to the weaker performance observed in the early months of the year, the Company introduced an extensive cost-optimisation programme starting from the second quarter, including a significant reduction of administrative expenses and a reassessment of growth and expansion priorities.
A strategic review of the subsidiary Printero revealed a persistent shortfall in both sales volumes and development pace compared with expectations. To prevent further negative impact on Company performance, a decision was taken in May to divest the Company’s 85% shareholding. The transaction had a one-off adverse effect of EUR 33 180 on the Company’s annual results.
The cost-control and efficiency measures implemented have had a positive impact. In 2025, the Company increased turnover by 3.8% year-on-year and achieved consolidated EBITDA of EUR 1 065 335, representing an increase of 28.5% compared to the previous year. Improvements were also achieved in all key financial indicators:
| Liquidity – Current Ratio (x) | Equity Ratio | EBITDA Margin | |
| 2025 | 1.37 | 27.1% | 7.91% |
| 2024 | 1.11 | 24.6% | 6.39% |
As the Company continues implementing the changes to its sales strategy, its primary focus will be on further improving profitability, while secondarily working toward increasing operational volumes. As a result, Hestio anticipates to generate sustainable growth in future periods.
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.