Press Release
Tenfold sales growth for Pet Service Holding NV in 2024
Total revenue reaches €12.5 million, an impressive 940% growth compared to 2023.
Zaanstad, Jan. 30, 2025
Pet Service Holding NV, listed on Euronext Access+ Paris since July 2023, recorded exceptional growth in 2024 with sales of €12.5 million – a 940% increase over the 2023 fiscal year. This growth was driven by a combination of successful acquisitions and strong organic growth.
Strategic acquisitions
- Asklepios BV: A specialized provider of veterinary products and known for the consumer platform Pharmacy4pets.co.uk.
- Animal Pharmacy.com: A leading online pet pharmacy offering a wide range of products for pet health and wellness.
- Van Ree: A trusted wholesaler for retail.
These acquisitions not only expanded Pet Service Holding’s portfolio but also enabled the company to achieve economies of scale in purchasing and marketing, which benefited the bottom line.
Results 2024
For the first time, the company expects to report positive EBITDA for the full year 2024, exceeding expectations and reinforcing its position as a leading player in the highly fragmented European pet market.
Looking ahead to 2025
Pet Service Holding NV continues to focus on further growth in 2025, with the following strategic pillars:
- Expand customer base through targeted and innovative marketing campaigns.
- Improve online platforms to provide a perfect and positive customer experience.
- Launch a “Click & Collect” service that allows consumers to pick up their purchases directly from distribution centers, saving shipping costs.
- Continue strategic acquisitions consistent with the company’s mission to improve the well-being and health of pets while strengthening financial performance.
Quote from the CEO
“2024 was a transition year in which we made great strides toward a solid future. Our strategic decisions not only led to exceptional revenue growth, but also strengthened our market position. These successes are due to the dedication and enthusiasm of our talented team, who work every day to improve the well-being of pets and their owners.”
– Ron van Veldhoven, CEO
About Pet Service Holding NV
Pet Service Holding NV is a leading player in the pet care sector in the Netherlands. We differentiate ourselves in this competitive market by bringing together a wide range of services and leveraging our valuable experience and expertise. With a focus on animal supplies, nutrition and veterinary care, we are excellently positioned to serve the needs of animals and their owners in Europe.
Financial calendar
– Annual results 2024: April 3, 2025
– Annual General Meeting: June 26, 2025
– Turnover first half 2025: July 31, 2025
– Results first half 2025: Oct. 15, 2025
Subject to change.