Another record year with significant increases in revenue and underlying EBITDA. MySale Group plc (AIM: MYSL), the leading international online retailer, is pleased to provide a trading update for the 12 months to 30 June 2018.
The group expects to report underlying EBITDA at least in line with the top end of market expectations of A$11.8 million (FY17: A$8.7 million). This performance, which represents a significant year-on-year increase in profitability, has been driven by revenue growth of 10%, to approximately A$295 million (FY17: A$268 million), combined with improvements in the gross margin.
Gross margin improvements have been supported by the planned increase in own-buy inventory within the sales mix, whilst the group’s new international and local strategic partnerships have continued to increase the product range available on the group’s marketplace, on a low risk third party basis, with the available SKU1 count now exceeding one million.
The group’s preliminary audited results for the financial year ended 30 June 2018 will be released during the week commencing 1 October 2018.
Carl Jackson, Chief Executive Officer of MySale Group, commented: ”We have had another record year with double digit revenue growth driving a material increase in underlying EBITDA.
”In parallel, we have made excellent progress increasing the product range available to our customers whilst further developing our proprietary financial services and subscription delivery propositions, Ourpay and Ourpay Select.
”The group continues to invest in enhancing our proprietary technology platform, which has a key role to play as volumes increase, efficiencies are unlocked and operational gearing improves.
”We move into the new financial year with confidence and with the expectation that our strategic plans will continue to support the group’s profitable growth.”
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