Footshop: a sneakerhead’s dream – soft coverage (NOT RATED)
Footshop, a CEE streetwear love brand, with a huge online following, was founded in Prague in 2012 by Peter Hajduček, its CEO. It sells exclusive sneakers (80% of its revenue), and clothes and accessories (20%) in CEE (77%) and the rest of Europe (23% of its top line). About 90% of sales are online, with four stores (Prague, Bratislava, Budapest and Bucharest) helping to boost brand recognition via events and parties. In 2024E, so far, we have seen strong demand for Footshop’s products, and we expect a 3Y revenue CAGR of 18% (2023-26E), double its historical growth rate (2019-23). With its IPO proceeds, Footshop repaid the majority of its bank debt and invested in its new mobile app. It is strengthening its presence in the non-core CEE and Western Europe markets, with a potential expansion into new markets (Ukraine is a new market, from 3Q24). With an expected margin improvement from 2024E-onwards (we pencil in an EBITDA margin of 7-8% over 2024-26E, vs. 3-5% in 2022 and 2023 ), we expect Footshop to be cash accretive, going forward.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.