Growth with better profitability.
The agreement also covers Moomin branded products designed and manufactured by Euroeat in China.The agreement is signed between Euroeat Oy and Rights and Brands Asia Ltd.
The parties have signed a non-exclusive distribution agreement for mainland China.
4Q EBITDA positive with all time record sales.
Our Martyn Qu & Danica Yang from Beijing give a business update in the middle of the hectic 11.11. and 12.12. shopping festival season.
Moomin Characters Oy Ltd’s retail arm makes a strategic investment to Euroeat Oy.
Solid positive development continued through 3Q: compared to 3Q2020, we improved substantially all the critical KPIs.
Chinese online market is extremely dynamic, new technologies & solutions are being adopted and the volumes are massive.
Euroeat Tmall online shop is among the top 5% of all online shops for kitchenware in China!
Second quarter was historical for us. We broke our monthly sales record and managed to do it profitably. We managed to further develop our sourcing processes and profitability management.