Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Jon Robinson

Sosandar's revenue surges 122% as it heads towards the black

Revenue surged by 122% at women's fashion brand Sosandar during the last three months of 2021 compared to the same period in 2020, new figures have revealed.

The Wilmslow-headquartered business has posted a revenue of £8.85m for the period to December 31, 2021, up from £3.98m.

In a statement to the London Stock Exchange, the company added that its first EBITDA-positive quarter demonstrates its "trajectory towards annual profitability".

READ MORE: B&M raises earnings forecast after 'very strong' lead up to Christmas

Sosandar also confirmed "record trading" with third parties M&S, Next and John Lewis "following significant investment in stock depth and breadth".

In a joint statement, co-founders and co-CEOs Ali Hall and Julie Lavington said: "We are delighted to report a record quarter for Sosandar, with each month being EBITDA positive.

"Our expanded product range and effective communication with our customers, in line with our strategy, has been a key driver of the growth we have delivered.

"The strength of our trading, together with the impact of our increased scale, is leading us towards sustainable profitability.

"We continue to trade very well, with our expanded product range and innate agility enabling us to tailor our offering to customer demand.

"We remain vigilant to the external challenges, however, we have not experienced any material disruption at this time and believe our approach continues to position us well going forward.

"We are more confident than ever that Sosandar is well on the road to becoming the go-to one stop shop for fashion forward women."

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.