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Strong revenue growth at Sosandar

Womenswear etailer Sosandar has increased its revenue fivefold for the six months to 30 September 2018.

The retailer met its revenue growth expectations of a 407% increase to £1.84m. Gross profits increased 498% to £1.01m. However, Sosandar posted an underlying EBITDA loss of £1.96m.

The results come after the etailer re-platformed onto a new ecommerce platform to increase website functionality. It recorded a rise in orders to 43,979 from 8,049 in the same period last year.

Co-CEOs Ali Hall and Julie Lavington commented: “We have set out a clear growth plan and are delivering on it. The exceptional growth in revenue, increased average order values and surge in repeat orders is evidence of how well we are engaging with an under-served market of women and testament to the quality and unique design of our products. It is pleasing that increasing sales have been matched by strong advances in efficiency throughout the business.”

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