- Huw Hughes
-
|
Notonthehighstreet has recorded an almost-doubled operating EBITDA for
its full-year results, despite sales remaining broadly flat.
For the year ended 31 March, the UK e-tailer saw an 82 jump in operating
EBITDA from 1.7 million pounds to 3.1 million pounds, helped by more
targeted marketing and prudent cost management. However, full-year sales at
the company were broadly flat, falling slightly to 35.2 million pounds from
35.9 million pounds the year before.
Post-tax losses at the company narrowed significantly year-on-year to
1.5 million pounds from 3.1 million pounds, while its active customer base
rose by 3 percent to 2.6 million.
Darren Shapland, chairman of Notonthehighstreet said: “FY19 was a
positive year for Notonthehighstreet and I’m pleased with the results and
overall performance of the business, particularly in a challenging consumer
environment. Our new CEO, Claire Davenport, previously CEO of HelloFresh
UK, has an extensive background of successfully scaling businesses and
disrupting markets and we’re delighted to welcome her into the business as
she works with the team to deliver on our exciting plans for the
future.”
CEO Claire Davenport added: “I joined Notonthehighstreet in August of
this year to build on the solid foundations that the team worked tirelessly
to lay down in FY19. Key priorities include continuing to invest in our
tech platform and focus our efforts on creating a step-change in our
Partner and customer experience. Our journey will take time but we have a
strong, committed and passionate team of people and activity is already in
full swing as we approach Christmas, our busiest time of year.”
Photo credit: Notonthehighstreet, Facebook
