Women’s fashion label Sosandar expects revenue of £29 million for full year

Following second successive EBITDA positive quarter, online women’s fashion brand Sosandar expects the year – ended 31 March 2022 – to conclude ahead of expectations.

The clothing e-tailer has, reportedly, seen a robust Q4 owing to strong trading across all channels.

Notably, sales were boosted by an ‘earlier-than-normal’ take up of spring and holiday ranges in Q4.

Consequently, the e-tailer’s full-year EBITDA loss will be cut down by over 80 per cent to around £0.6 million, from a loss of £2.9 million in FY21.

Sosandar now expects its full-year revenue to clock at least £29 million – and if that happens, it would be a 138 per cent jump on 2020/2021.

While the gross margin rose from 48 per cent in 2020/2021 to 56 per cent, the year ended with net cash in excess of £7 million.

Meanwhile, Sosandar, which is stocked by Marks and Spencer, Next and John Lewis, has said that it has expanded its third-party partnerships.

In this regard, it is worth stating that from Q1 of 2022/2023, the fashion e-tailer’s products will be sold through Next’s Platform Plus, through which orders will be picked from Sosandar’s warehouse and then delivered via Next’s distribution network.

Sosandar believes that despite the continuing uncertainty in the wider environment, its confidence in the outlook is undiminished.