The Czech leader in beauty e-commerce, has secured a significant €370 million loan (over 9 billion CZK) to support its ambitious European expansion plans. This financing, arranged by a consortium of the country's largest banks, aims to strengthen Notino's operations, including enhancing infrastructure, expanding inventory, and increasing market penetration.

It has been a record-breaking year for Notino, with revenues rising by 30%, surpassing €1 billion (25 billion CZK). Notable growth has been observed in key markets such as Switzerland and Poland. Poland, the company’s largest international market, accounted for 15% of its total revenue. The company has also invested in a new 28,000-square-meter warehouse in Poland, opened a new office in Bulgaria, and modernized several other facilities.

Notino aims to achieve €1.5 billion (38 billion CZK) in revenue for the current fiscal year, marking an impressive 25% year-on-year growth. The new loan is not entirely fresh funding but rather a substantial extension of an existing credit facility. Part of the loan will refinance previous debt, allowing the company to benefit from better terms. This restructuring frees up additional funds for new investments to scale operations and improve logistics. The syndicate backing the loan includes Česká spořitelna, Komerční banka, ČSOB, Citibank, and the newly added UniCredit Bank.

Notino is also heavily investing in modernizing its IT systems, infrastructure, and security measures to maintain a competitive edge as it continues its European growth. The company’s focus on innovation and scalability positions it as a leader in the e-commerce beauty sector, ready to tackle new challenges and opportunities.

The article was prepared by the CzechTrade Morocco team.

Source: www.expats.com