GymBeam keeps doing well this year

GymBeam (Dalibor Cicman), online retailer of sports nutritional supplements and fitness clothing, increased its net profit more than 10 times to €2m last year and its sales soared by 52% to €52.9m. In the first quarter it already reported €21.5m in sales and €1.1m EBITDA profit. After the pandemic boom, it thus avoided problems that plague sock retailer Dedoles. GymBeam is seeking €4.4m in fresh capital via investment platform Crowdberry and already collected €1.2m. In 2019, it raised €6m from the state Slovak Investment Holding and from Crowdberry investors. Its sales come from the CEE region and it plans to expand into German-speaking countries. It has "fitness hubs" for the sale and distribution of goods in Budapest and Prague.

(trend.sk)