Sosandar posts first half revenue growth
Sosandar has posted a 15% increase in net revenue to £18.7 million in the first half of its financial year.
Performance in the six months to 30 September was driven by a 28% increase in own site revenue, as the women’s fashion retailer achieved higher conversion rates and stronger order volumes from both new and existing customers.
Sosandar said its loss of £1.1 million in the period reflected its seasonal trading profile, with profitability typically weighted to the second half.
Ali Hall and Julie Lavington, joint chief executives of Sosandar, said: “We remain incredibly excited for what lies ahead for Sosandar as we leverage the multiple opportunities available to us to expand the brand’s presence across the UK and international markets, progressing towards our goal of becoming one of the leading global womenswear brands.
“The board reiterates its confidence in delivering market expectations for the current financial year with the foundations now in place for sustainable, profitable and cash-generative growth over the medium to long-term.”
