Heureka Group Reports a Successful Year. After Challenging Years, It’s Growing in Revenue, EBITDA, and Operating Cash Flow, and Significantly Reducing Debt

The largest European group of comparison shopping websites, Heureka Group, has confirmed its
excellent condition in its annual report. Despite a challenging period for the entire e-commerce market,
the company grew in all key indicators – revenue, operating profit EBITDA, which approached record
highs, and operating cash flow. The group also reduced its total debt by more than half, thanks to its
own capital and a contribution from investors.

Heureka Group, which operates shopping advisors in nine countries across Central and Eastern Europe, achieved revenues of 2.2 billion Czech crowns. Operating profit EBITDA increased to 606 million Czech crowns, nearing its highest levels in history. The real strength and health of the business are underscored by the growing operating cash flow. The group's consolidated loss, primarily caused by non-cash accounting depreciations from the past, decreased by 48% year-on-year.

Even though the group primarily focused on stabilizing its business and developing key services in the past fiscal year, it also managed to increase its average number of monthly users from 23 million to 26 million year-on-year.

"I am extremely proud of what our team has achieved in recent years. At a time when the entire market was facing challenges, we managed to grow in all the real indicators of our business – revenue, EBITDA, and cash flow, and even grow in the number of users," says David Chmelař, CEO of Heureka Group, adding: "The fact that we were also able to dramatically reduce our debt with the confidence of investors and from our own resources is a clear signal of the strength and stability of our business model. We now have an even stronger foundation for further innovation and for strengthening our market position."

Financial stability allows the group to continue investing in talent recruitment, as well as in the development of services and technologies, including automation, the implementation of artificial intelligence, and the launch of new functionalities. Heureka was the first on the Czech market to introduce the "Cenopád" (Price Drop) service, which monitors the real decrease in product prices across the market and shows customers when a purchase is truly most advantageous.

Heureka Group also regularly publishes its own E-commerce Insider, which tracks the health of e-shops and the shopping behavior of Czechs and Slovaks. In the last six months, for example, the data revealed a growing interest in dietary supplements and solar and photovoltaic components, while interest in waste disposers and hockey jerseys has declined.

Heureka Group

Heureka Group is Europe's largest group of comparison sites and shopping advisors. It helps millions of users shop online—affordably, quickly, and easily. Through its heureka!shops, heureka!ads, and heureka!insights services, it develops online businesses in 9 countries across Central and Eastern Europe. Heureka Group's websites are visited by up to 30 million users monthly, who can choose from a selection of more than 55,000 e-shops.