Hortes
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Hortes - overview
Established
2006
Location
-, Harjumaa, Estonia
Primary Industry
Retail
About
Hortes is an Estonian company dedicated to the horticultural sector, providing an extensive array of products and services tailored for gardening enthusiasts and professionals. Founded in 2006 in Estonia, Hortes operates within the horticultural sector, focusing on offering gardening solutions. In November 2022, the company underwent a management acquisition from Lavonia Capital, further solidifying its independence in the market. The founder, Fabian Fuentes, has a history of entrepreneurship but specific details on other ventures are not available.
Hortes. ee specializes in a diverse range of horticultural products, including plants, gardening tools, and accessories aimed at both individual consumers and businesses. Their offerings cater to indoor and outdoor gardening needs, enhancing the gardening experience while promoting sustainable practices. In 2022, Hortes achieved a revenue of USD 11.
09 mn with an EBITDA of USD 376,630. 4, reflecting the company's strong position in the horticultural market through both retail and online sales. Looking ahead, Hortes plans to develop new product lines targeted at enhancing customer engagement, with launches expected in 2023. The company aims to expand its presence in broader European markets by the end of 2024.
The recent acquisition in November 2022 will likely facilitate these initiatives by providing necessary funding and resources to support product development and market expansion.
Current Investors
Livonia Partners
Primary Industry
Retail
Sub Industries
Household Appliances, Home Improvement & DIY
Website
www.hortes.ee
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Hortes - timeline of key events
Hortes - financials
| Fiscal Year Ended | Jun 30, 2012 | Jun 30, 2013 | Jun 30, 2014 | Jun 30, 2015 | Jun 30, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,936,639 | 4,209,955 | 4,691,521 | 4,853,509 | 4,868,358 | - | 4,580,748 | 4,365,367 | - | - | - |
| % Revenue Growth (YoY) | - | 6.9% | 11.4% | 3.5% | 0.3% | - | - | (4.7%) | - | - | - |
| EBITDA (USD) | 392,779 | 457,735 | 660,970 | 720,058 | 749,206 | - | 402,431 | 165,565 | - | - | - |
| Operating Income (USD) | 223,652 | 294,512 | 492,757 | 555,337 | 589,315 | - | 355,557 | 99,607 | - | - | - |
| Operating Margin | 5.7% | 7.0% | 10.5% | 11.4% | 12.1% | - | 7.8% | 2.3% | - | - | - |
| % EBITDA Margin | 10.0% | 10.9% | 14.1% | 14.8% | 15.4% | - | 8.8% | 3.8% | - | - | - |
| NET Income (USD) | 160,875 | 250,022 | 461,802 | 541,610 | 585,758 | - | 338,421 | 84,346 | - | - | - |
| % Net Margin | 4.1% | 5.9% | 9.8% | 11.2% | 12.0% | - | 7.4% | 1.9% | - | - | - |
Hortes - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sale to Management | Completed | Hortes | - | ||||||||
| Buyout | Completed | Hortes | - |
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Hortes - employee data
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