The consolidated turnover of AS Hestio in the first quarter of 2025 reached 3.26 million euros, which is 7% more than in the same quarter of 2024 and exceeds the results of the first quarters of previous years.

The decline in customer purchasing power observed across the industry at the end of 2024 was not fully reflected in Hestio’s initial 2025 planning. Therefore, only in the second quarter of 2025, an aggressive reduction in administrative expenses was initiated and growth and expansion plans were reviewed accordingly.

Also, in the first quarter, Hestio actively continued to work on the implementation of changes to the sales strategy and the development of the E-commerce direction. Full implementation of these initiatives is expected to be completed by year-end. As a result, Hestio expects an improvement in profitability indicators.

About Hestio

Hestio AS is one of the leading workplace solution providers in Latvia, helping companies create a 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.