Spartoo publishes its 2021 half-year results

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GRENOBLE, France – (COMMERCIAL THREAD) – Regulatory news:

Spartoo (ISIN: FR00140043Y1 – mnemonic: ALSPT), one of the leaders in the online sale of fashion items in Europe, today announces its 2021 half-year results as of June 30, 2021, as approved by the Board of Directors on September 29, 2021.

(in thousands of euros, limited revision)

06 2021

06 2020

Variation

GMV

105,982

89,261

19%

GMV BtoC

94,770

81,979

16%

Returned

74,404

62,326

19%

Commercial margin

31 522

26,490

19%

%

42.4%

42.5%

Adjusted EBITDA

2,726

2 454

11%

%

3.7%

3.9%

figures restated from TooAndré to be comparable from one year to the next

Boris Saragaglia, co-founder, Chairman and CEO of Spartoo , declared: “

We are satisfied with the sales performance for the semester, which exceeded expectations. Spartoo took full advantage of the continued development of its fashion offer and the rapid deployment of its decoration offer. Our own brands, which generate synergies between the Group’s various businesses, also performed well. Finally, our range of services dedicated to professionals, based on our e-commerce expertise, is experiencing significant growth, driven by the need to digitize brands and independent businesses. EBITDA growth, which includes increased advertising investments in line with our Spartoo brand awareness strategy, is in line with our expectations. Given these positive trends and the acceleration of growth investments, Spartoo is confident that the strategic plan recently announced during the IPO will be successfully implemented.

. ” Strong commercial momentum, driven by the development of the fashion items offering and the success of the third-party service offering In the first half of 2021, GMV reached 106.0 million euros, an increase of 19% compared to the same period last year. The B2C GMV, which reached 94.8 million euros, recorded an increase of 16% compared to the first half of 2020. The offer of third-party services rose sharply by 46% over the period.

BtoC activity, online &

offline

During the period, Spartoo’s footwear, clothing, bags and accessories offer expanded to include a number of brands directly available in the Group’s stocks (Polo Ralph Lauren, Minelli, Nero Giardini, etc.) , in connection with the model purchase and resale, or available from marketplace partners. At the end of June 2021, Spartoo had more than 1 million unique references in Europe. In addition, the Company added 50,000 interior decoration products to its offering, ranging from textile decoration items to household linens, including lighting and wall decoration items.

In the first half of 2021, Spartoo reaffirmed its SRI commitments following the launch of the

New life

website, which supports the circular economy by enabling customers to buy and sell second-hand items. Three months after its launch, more than 50,000 used references have already been created.

Sales of Spartoo stores are up more than 40% compared to 2020. Since their reopening, store activity has grown very strongly and exceeded 2019 levels.

On the private label side, the period confirmed the positive momentum observed over the past 18 months for the GBB children’s brand, with orders for new units and restockings by retailers of children’s footwear growing steadily. At the same time, the brands acquired in the second half of 2020 are developing rapidly. The brand of eco-designed Easy Peasy slippers is enjoying great success, particularly internationally, while the historic brands JB Martin, Pellet and Little Mary are once again sold to retailers, less than 6 months after their acquisition by Spartoo.

Third party activities

In the first half of 2021, the freight forwarding activity is growing strongly compared to 2020, supported by the acquisition of 20 new e-merchants, mainly based in the Paris region, and by the growth in volumes of existing customers.

The TooBone activity (integrated logistics and transport offer on behalf of third parties) was launched in the first half of 2021 with the aim of ensuring the operational fulfillment of Spartoo’s partners, including the brands, in B2C and B2B, in France. and internationally. Six months after starting the activity, around ten partner brands have joined the program. Overall, the offer of third-party services grew strongly by 46% over the period.Adjusted EBITDA growth of 11% and increase in advertising investments

The commercial margin stood at 31.5 million euros over the period, stable at 42% as a percentage of sales.

After taking into account the 32% increase in advertising spending, the Group’s adjusted EBITDA amounted to 2.7 million euros, an increase of 11%.

As of June 30, 2021, Spartoo had cash and cash equivalents of 14.5 million euros, not including the amount of more than 20 million euros, raised in July as part of the IPO of the society.

The Half-Year Financial Report is available in the Documentation section of the Spartoo investor website,

www.spartoo-finance.com

.

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About Spartoo With 8,000 brands and more than 1 million items, Spartoo offers one of the largest selections of fashion items (shoes, ready-to-wear, bags) in more than 30 countries in Europe, thanks to its team of more than 400 employees of nearly 30 different nationalities. In 2020, the Group achieved a turnover of 134 million euros, corresponding to a GMV (Gross Merchandise Value) of 194 million euros, of which 39% abroad. With an integrated logistics platform and after-sales service, Spartoo stands out with its customer-centric approach, as evidenced by a very high customer satisfaction rate. The strategy is based on the strong synergies between the online sales model and the advantages of physical stores, which promote loyalty and brand awareness. Capitalizing on its e-commerce know-how, Spartoo has also developed a full range of services for professionals.

Forward-looking statements This press release contains summary information only and is not intended to be detailed. This press release may contain forward-looking information and statements relating to the Group and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations regarding future operations, future revenues and services, and statements regarding future performance. Forward-looking statements may be identified by the words “believe”, “anticipate”, “objective” or similar expressions. Even if the Group believes that the expectations reflected by these forward-looking statements are reasonable, the investors and shareholders of the Group are informed that the forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally outside Group control, which could imply that actual results and events may differ significantly and unfavorably from those communicated, implied or indicated by such forward-looking information and statements. These risks and uncertainties include those put forward or identified in documents filed or to be filed with the Autorité des marchés financiers by the Group (in particular those detailed in Chapter 3 of the Company’s Reference Document). The Group does not undertake to publish any updates to forward-looking information, whether as a result of new information, future events or any other element. 1 Gross value of goods (GMV): total sales of products (including VAT) and services, net of returns.


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