Extraordinary is the word that defines Havan Group's financial results in 2024. With a growth of 22.2%, gross revenue reached a historic mark of R$ 16 billion, establishing itself as one of the largest powers in Brazilian retail.
The gross margin also showed a significant improvement of 3 percentage points (p.p.), rising from 37.9% on December 31, 2023, to 40.9% at the end of 2024. The EBITDA margin registered a growth of 7 percentage points, increasing 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 increased significantly by 6.7 percentage points, reaching 22.8%.
Havan's owner, Luciano Hang, makes a point of recognizing that the success of 2024 is a reflection of the commitment and dedication of the entire team.
“Legendary American football coach and 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 Havan Group’s 2024 results: extraordinary! To borrow Jimmy Johnson’s phrase, it was all the ‘little extras’ we did throughout the year that made us achieve such a great result,” he says.
The businessman emphasizes that each of the small actions of each of the more than 22 thousand employees, the dedication and continuous search for excellence were essential to achieve the results.
“Havan’s success is not just about the people ‘in-house’, but each supplier, with each of their employees, is also part of this result. Therefore, I want to thank our customers, employees and suppliers for delivering in 2024”.
In 2024, the ongoing efforts to achieve a competitive and profitable business were also rewarded with an important recognition: the new rating devised by the international agency Fitch Ratings, which awarded Havan the highest grade AAA. "The new rating confirms the safety and strength of Havan's growth, as well as reaffirming our commitment to grow and innovate sustainably," highlights Hang.
With unprecedented financial performance and promising prospects, the Havan Group is targeting new records for 2025, when it intends to surpass the R$18 billion revenue mark and reach 190 megastores in Brazil.
