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Last updated : 03/11/2026 - 12h05
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Pet Service Holding opens a second BudgetPets store and targets at least 50 sites

Pet Service Holding announced on 2 November 2026 the opening, planned for early December, of its second BudgetPets discount store in Arnhem-Noord, following a first outlet in Bussum. The group, listed on Euronext Growth Paris, expects this site to generate at least €1.5 million in annual revenue.


Pet Service Holding opens a second BudgetPets store and targets at least 50 sites

Fifteen stores in the Netherlands ahead of a network of at least 50 sites

The presented plan provides for the opening of 15 BudgetPets stores in the Netherlands in a first phase, followed by continued expansion to at least 50 sites. According to the press release, Belgium and Germany are "considered as potential growth markets".

Chairman and Chief Executive Officer Ron van Veldhoven presented BudgetPets as "an important growth pillar" of the group's European platform. He linked this rollout, international expansion and the strengthening of existing activities to a "strategic ambition": consolidated annual revenue of at least €50 million by 2029-2030.

Arnhem: a shopping centre with 1.6 million visitors per year

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The store will be located in the renovated De Lely shopping centre, which has approximately 11,500 m² of retail space and includes Jumbo, Lidl, Kruidvat and KiK, among others. The site claims about 1.6 million visitors per year, a catchment area of approximately 392,000 inhabitants within a 20-minute drive, and about 285 parking spaces.

BudgetPets intends to benefit from the footfall of the centre's two supermarkets, which attract customers doing their daily shopping. The range will cover food for dogs and cats, treats, grooming products and accessories, with brands such as Royal Canin.

The online store BudgetPets.nl is scheduled to go live in November 2026 across the Netherlands. Restocking of the stores and processing of online orders will be handled by the group's existing distribution centre in Wormerveer.

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Sector Distribution discrétionnaire › Distribution spécialisée


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 7,4 millions d'euros
  • Quarterly revenue: 7,4 millions d'euros
  • Revenue growth: 4,6 %
  • EBITDA: -0,2 millions d'euros
  • EBITDA margin: -3,1 %
  • Net income: -0,9 millions d'euros
Guidance from the release
  • « the Company remains confident in reaching revenue of approximately €17–18 million in 2026 »
Outlook / guidance
  • Expected revenue: 17,5 millions d'euros
  • Management commentary: « Based on these developments, the Company remains confident in reaching revenue of approximately €17–18 million in 2026. »

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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