Havan Group achieves record results in 2024 and consolidates as a retail powerhouse

Extraordinary is the word that defines the financial results of the Havan Group in 2024. With growth of 22.2%, gross revenue reached the historical mark of R$ 16 billion, consolidating itself as one of the greatest powers of Brazilian retail.

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 increased by 7 pp., from 16.9% to 23.9% in 2024.

Another impressive milestone was net income, which reached R$ 2.7 billion, an extraordinary increase of 82.4% compared to the previous year, when the group registered R$ 1.4 billion. Net margin grew by a significant 6.7 pp., reaching 22.8%.

Havan owner Luciano Hang is keen to acknowledge that the success of 2024 is a reflection of the commitment and dedication of the entire team.

“The legendary coach and football commentator, Jimmy Johnson, said that 'the difference between ordinary and extraordinary is that little extra’. There is no other word that comes to mind when we look at the result of 2024 from the Havan Group: extraordinary! Taking advantage of the phrase of Jimmy Johnson, it was all the little extra’s that we did throughout the year that made us arrive in such a result”, he says.

The entrepreneur points out that each of the small actions of each of the more than 22 thousand employees, dedication and continuous search for excellence were essential to achieve the results.

“Havan's success is not only in the people of '''INSide HOUSE’, but each supplier, with each of its employees, is also part of this result. Therefore, I want to thank our customers, employees and suppliers for the delivery of 2024”.

In 2024, continued efforts to pursue a competitive and profitable business were also rewarded by an important recognition: the new rating designed by the international agency Fitch Ratings, which gave Havan the top AAA rating. “The new rating confirms the safety and strength of Havan's growth, as well as reaffirming our commitment to grow and innovate with” sustainability, Hang said.

With unprecedented financial performance and promising prospects, the Havan Group aims for new records for 2025, when it intends to surpass the R$ 18 billion turnover mark and reach 190 megastores in Brazil.