Extraordinary is the word that defines Grupo Havan’s financial results in 2024. With 22.2% growth, gross revenue reached the historic mark of R$16 billion, consolidating its position as one of the largest retail powerhouses in Brazil.
The gross margin also showed a significant improvement of 3 percentage points (p.p.), jumping from 37.9% on December 31, 2023, to 40.9% at the end of 2024. The EBITDA margin recorded a growth of 7 p.p., rising from 16.9% to 23.9% in 2024.
Another impressive milestone was the net profit, which reached R$2.7 billion, an extraordinary increase of 82.4% compared to the previous year, when the group recorded R$1.4 billion. The net margin grew by a significant 6.7 p.p., reaching 22.8%.
Havan’s owner, Luciano Hang, makes a point of acknowledging that the success of 2024 reflects the effort and dedication of the entire team.
“Legendary American football coach and commentator Jimmy Johnson once said, ‘The difference between ordinary and extraordinary is that little extra.’ There’s no other word that comes to mind when we look at Grupo Havan’s 2024 results: extraordinary! Borrowing Jimmy Johnson’s phrase, it was all the ‘little extras’ we did throughout the year that led us to such outstanding results,” he says.
The entrepreneur emphasizes that each of the small actions taken by every one of the over 22,000 employees, along with their dedication and continuous pursuit of excellence, was essential to achieving these results.
“Havan’s success isn’t just due to the people ‘inside the house’; every supplier and each of their employees also contributes to this outcome. That’s why I want to thank our customers, employees, and suppliers for their commitment in 2024.”
In 2024, the continuous efforts to build a competitive and profitable business were also rewarded with an important recognition: the new AAA rating assigned by the international agency Fitch Ratings. “The new rating confirms the security and strength of Havan’s growth, reaffirming our commitment to growing and innovating sustainably,” Hang highlights.
With unprecedented financial performance and promising prospects, Grupo Havan is eyeing new records for 2025, aiming to surpass the R$18 billion revenue mark and reach 190 megastores in Brazil.
