Hungary
European beauty e-commerce giant Notino closed its 2025 fiscal year with an 11.5% year-on-year growth, reaching a record turnover of €1.76 billion. The company currently serves over 40 million customers across 27 European markets, with Poland (>15% share) and the Czech Republic (12% share) leading as its largest markets.
The strong financial results follow a period of deep structural changes. Notino underwent a major corporate transformation that simplified its management structure and reduced its workforce by roughly 300 employees. While the internal restructuring temporarily slowed growth during the 2025 holiday season, momentum rebounded sharply in early 2026, with growth accelerating to 27%.
Notino continues to invest heavily in its integrated "omnichannel" model, linking online retail, mobile services, and physical storefronts:
Notino is one of Hungary's most popular e-shops, operating locally via Notino.hu, Hungary continues to be a cornerstone of Notino's strong Central European footprint:
Despite regional pricing discussions on social media stemming from Hungary's standard 27% VAT rate, local consumers remain highly loyal, citing fast delivery speeds and trusted product authenticity as primary drivers for the brand's sustained local success.
Source: www.ieuro.cz
Prepared by the team of the CzechTrade Hungary foreign office