Showroomprive, a European online retailer specialising in fashion for Digital Woman, reported 29.6 per cent revenues growth to €161.9 million in its third quarter (Q3) FY20 ending on September 30, compared to the sales of €125.0 million in the same period of previous fiscal. The group’s internet revenues rose 31.2 per cent to €160.0 million (€121.9 million).
“The good third quarter performance both confirms and amplifies the resurgence of our business since the start of the second quarter. We are reaping the rewards of the hard work put in by our teams and management over the past 18 months under the 2018-2020 performance plan,” Showroomprivé co-founders and co-CEOs Thierry Petit and David Dayan, said in a press release.
The group’s Q3 FY20 performance reflects the continued recovery recorded in the second quarter confirming the new growth dynamics in the business amid a favourable environment for e-commerce especially since the start of the health crisis.
“Bolstered by this trend, we are confident that our operating profitability will continue to improve. As such, our second half EBITDA should be higher than in the first half and we reckon we should be able to post a full-year 2020 EBITDA close to €20 million,” Petit and Dayan said.