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After record sales in 2021, boosted by the COVID baby boom, the company's sales have declined in recent years. This, combined with higher personnel costs that had been estimated for continued growth in 2021, has led to a temporary period of lower profitability for the company. However, with the implementation of the new BI tool, along with the introduction of new products and strengthened marketing efforts, the company is well positioned to improve operational efficiency and drive a recovery in revenue growth. The launch of the new online innovation is expected to facilitate further growth and increase customer engagement.
Omzettrends
Revenue projections by category
Revenue drivers
The big change for this growth is the online tool, made leading to scale easily. Birth list growth is triggered by the New Life module, which provides online convenience. This, combined with the expertise of the showroom, enhances customer engagement.
The digital marketing and partnerships also contribute to loose sales of purchases customers still make after closing their birth lists until their children are 4 years old. These sales are driven by data marketing.
At the same time, stroller rentals and marketing tools are expected to make smaller but gradually increasing contributions to overall sales, but are crucial for the prospective parent.
Omzetprognoses per categorie
EBITDA & Profit
A slightly positive EBITDA is expected in 2025, although a slight initial loss is also anticipated due to continued investments in key areas such as the New Life tool, the stroller rental system, marketing activities, and the interactive showroom. These necessary investments for long-term growth will initially cause some financial pressure due to initial costs. Nevertheless, these strategic expenditures are seen as important investments in the future, which are expected to provide financial benefit over time and strengthen the market position.
By 2026, a sharp improvement in EBITDA is expected, with a significant increase, while Earnings become positive and in line with the company's strategic plans. This growth is expected following the completion of the New Life tool and the intensification of marketing campaigns. Higher birth registrations and sales growth drive not only in stroller rentals but also in other categories. Investment in ERP and technology not only ensures that overhead costs will not grow much in line with sales growth, but also increased operational efficiency.
EBITDA & Winst
Expected Return for Investors
With a strong operational foundation and a clearly defined growth path, HLVO is now opening its capital to private investors who wish to be part of the next chapter.
To ensure investors benefit optimally from their participation, HLVO focuses on the following four pillars:
1/Built-in Exit Strategy with Growth Potential
Investors benefit from a buyback option in 2029, provided an EBITDA target of €1,167,910 is achieved. In this scenario, Spreds Finance's Het Land Van Ooit compartment may decide to sell the shares to the entrepreneurs or the company itself at a multiple of 3.5x EBITDA, thus receiving a repayment of the invested capital plus compounded annual interest of 8% during 5 years. This put option will be exercisable for 3 years starting in 2029.
2/Dividend Payments Starting 2027
Once the company has achieved two consecutive profitable years, it will initiate annual dividend payments of 3.96%. This adds a recurring cash component to the investment profile.
3/Transparent, Data-Driven Growth Targets
In line with its digital strategy, HLVO has defined measurable KPIs that reflect its operational objectives:
Product sales growth from 2,562 units in 2025 to 7,430 in 2029
Buggy rental growth from 26 units in 2025 to 261 in 2029
These projections are based on realistic assumptions, supported by market trends and internal performance data.
4/ Growth with stable annual returns If targets are met and dividend payments are made from 2027 and the put option is exercised in 2029, investors can expect a compound annual return of 8%, supplemented by dividends of 3.96% per year - resulting in an estimated total return of 59% over five years.