Sosandar, the British womenswear e-tailer, has seen its revenue shoot up by a massive 142 per cent to clock £ 29.5 million for the year that ended 31 March 2022.
Back in April, Sosandar had forecast the revenue to touch somewhere around £ 29 million.
Also Read: Women’s fashion label Sosandar expects revenue of £29 million for full year
What’s noteworthy here is that even in the first quarter of 2022, the e-tailer witnessed a fantastic revenue growth of 81 per cent.
The gross margin for the year rose by an impressive 56 per cent, which Sosandar attributed to the resumption of normal trading conditions within the sector.
The losses, importantly, narrowed as EBITDA improved to a £ 0.2 million loss, while it was £ 2.9 million a year earlier.
Ali Hall and Julie Lavington, Co-CEOs, Sosandar, said that the good numbers were due to the e-tailer’s well-planned approach and entrepreneurial and agile culture.
Sosandar creates some of the finest womenswear in its own in-house design studio.
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