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Showroomprivé H1 FY20 sales grow to €303 mn

Jul '20
Pic: Showroomprivé
Pic: Showroomprivé
Showroomprivé, an European online retailer specialising in fashion for the Digital Woman, reported slight increase in its sales to €302.7 million in first half (H1) FY20 ended on June 30, 2020 compared to sales of €302.0 million in same period last year. Sales in the second quarter were up 19 per cent making up for the 20 per cent decline in Q1 FY20.
“Our first-half results have exceeded our initial expectations. We were able to step up our recovery in the second quarter thanks to a healthy combination of internal and external factors. While we undeniably benefited from a consumer shift towards e-commerce during the health crisis, we were also able to capitalise on a renewed and more attractive offering, thanks to business initiatives set up with our partner brands,” Showroomprivé co-founders and co-CEOs Thierry Petit and David Dayan, said in a press release.
Gross margin for the period jumped to €112.4 million (H1 FY19: €88.7 million). EBITDA during H1 FY20 were €7.0 million compared to loss of €23.2 million. First half net loss reduced by nearly €35 million to €6.6 million. Operating loss were €5.3 million (€43.8 million).
Online sales in France for H1 FY20 were up 2.5 per cent to €255.1 million (€248.8 million). International sales however dropped 7.4 per cent to €45.4 million ($49.0 million). 
“All indicators are gradually turning green. However, we remain vigilant given the current environment, and aim to continue along the trajectory we’ve been following for the past few months,” Petit and Dayan said.

Fibre2Fashion News Desk (JL)

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