Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Adili misses market expecations

Ethical etailer Adili has warned that full year EBITDA will come in below expectations, after investment in a new web platform and increased discounting dented margins.

Sales rose 56% to £550,000 for the year to April 30, but the company said EBITDA would be marginally lower than market expectations.

Adili said it remained debt-free but that it continued to see working capital funds that would be required for by July to help it towards a breakeven and then profitable position. An interim fundraising in April raised £350,000 to fund short term working capital requirements.

Adili said the launch of its new website in November last year represented a significant stepping stone for the future growth of the business, and that it continued to invest in both of its own labels, Adili and Ascension, to improve overall margins and control of supply chains.

Adili chairman Nick Samuel said: “I am pleased to report another year of considerable progress for Adili. Current trading remains buoyant and sales growth, despite the present economic conditions, is accelerating as internet shopping and the ethical market continues to gain popularity.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.