Octago: Strengthening Market Leadership & Expanding Across Borders
2024 was a milestone year for Octago, as the company solidified its position as the #1 market leader in Slovakia while successfully entering the Croatian market. With revenues reaching EUR 3.45 million, 23% YoY growth, and exceeding its initial targets by 15%, Octago has proven its ability to scale efficiently.
While net profits came in lower than expected at EUR 80K (-47%), the company’s continued investments in expansion and operational improvements set the stage for an even stronger performance in 2025. The ambitious goal for the year ahead is to surpass EUR 4M in revenue, driven by increased market demand and enhanced service offerings.
Octago’s success story is an inspiring one. Founded in 2014 by a group of young sports enthusiasts in Slovakia, the company has grown into one of the leading providers of street workout and recreational sports infrastructure in Europe. The company has completed nearly 1,000 projects across five countries, with a total value exceeding EUR 10 million. Octago’s high-quality, modern outdoor fitness solutions have been recognized for their innovative design, including multiple CEZAAR architecture award nominations in Slovakia.
The company recently strengthened its presence in Croatia, a country where outdoor sports are deeply ingrained in the culture. Octago has already implemented projects in some of the country’s most well-known tourist destinations, offering unique workout and recreational spaces that align with the region’s emphasis on active tourism. The company has also joined forces with Zagreb entrepreneur Krešimir Dvorski, paving the way for new developments in Croatian cities.
With a mission to promote a healthy lifestyle and modernize public spaces, Octago’s expansion in Croatia is backed by strong institutional support. Grants from the Ministry of Tourism and Sports and local municipalities have been instrumental in financing these projects. Looking ahead, Octago plans to establish a stable subsidiary in Croatia, reinforcing its leadership in the recreational space sector.
