Rusta wants to go public

The Swedish hard discounter Rusta wants to go public. The aim is to list on Nasdaq Stockholm before the end of the year. The company operates 202 stores in Sweden, Norway, Finland and Germany.

In the last financial year 2022/2023 (May to April), Rusta had a turnover of SEK 10.2023 bn (EUR 878 mio), surpassing its previous year's level by 7.5 per cent. In the first quarter of 2023/2024, May to July, sales increased by 11.5 per cent year-on-year to SEK 2.9587 bn (EUR 255 mio). Like-for-like growth was 6.5 per cent.

The Rusta assortment covers various product groups from the home and leisure sector, specifically also including the home and decoration, DIY and garden ranges.