Hestio group's total sales volumes have remained steady compared to the previous year, while both gross profit and EBITDA have increased by 7% and 8% respectively relative to H1 2023. Company's management continues to focus on executing changes in our sales strategy, introduced last year, aimed at driving higher profitability and operational efficiency across all business segments.

In addition to refining our sales approach, Hestio has invested over 300 000 EUR in the first half of the year to enhance the rental equipment services. To further support this growth, the management team was strengthened by onboarding a supply chain manager and improved quality control systems.

Hestio subsidiary Auron Coffee Roastery has made significant progress in expanding its business by preparing to enter new market segments, strengthening brand recognition, and acquiring new clients. This growth aligns with our broader strategy of diversification, as Hestio continues to support the subsidiary's expansion into complementary markets.

Looking ahead, Hestio management team is confident that the implemented strategic initiatives will drive sustained growth, improve profitability, and enhance market position across all operating sectors.

About Hestio:

Hestio is a full-service workspace solution provider, operating in the Latvian market since its establishment in 2007. Distinguished as the market leader in the workspace solutions sector, the Company has earned the trust of over 8000 customers.