Sosandar (SOS)

Sector:

Retailers

Index:

FTSE AIM All-Share

 18.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 36.00p
  • 52 Week Low: 18.00p
  • Currency: UK Pounds
  • Shares Issued: 221.41m
  • Volume: 55,664
  • Market Cap: £40.96m

Sosandar tops expectations with record quarterly performance

By Iain Gilbert

Date: Monday 20 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Women's fashion brand Sosandar said on Monday that full-year revenues were on track to come in ahead of market expectations following a record quarter.

Revenues for the three months ended 31 December 2019 were above management's expectations at £3.8m - a 136% increase on the same period in 2018 and "significantly exceeding" the £2.8m in sales generated over the entire first half of the trading year.

The AIM-listed group said this was driven by product range expansion and increased TV investment after a successful trial back in September.

Sosandar's customer database increased 109% to 207,672, while average order value grew to £101.97, an increase on the first half as cold weather drove sales of higher price point items.

Repeat orders increased 140% to 51,320 and total orders increased 140% to 84,304. Gross margins for the quarter came to 52%.

Joint chief executives Ali Hall and Julie Lavington said: "The opportunity we identified appears to be bigger that we first thought, with the success of new product areas helping to drive repeat purchases increasing the potential for future ranges.

"This has been enhanced by the successful trial in TV advertising which, combined with the already established channels of social, direct mail and PR, expands our ability to attract more new customers than originally anticipated."

As of 0835 GMT, Sosandar shares were up 2.30% at 28.90.

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Sosandar Market Data

Currency UK Pounds
Share Price 18.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 36.00p
52 Week Low 18.00p
Volume 55,664
Shares Issued 221.41m
Market Cap £40.96m

Sosandar Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.46% below the market average52.46% below the market average52.46% below the market average52.46% below the market average52.46% below the market average
10.64% below the sector average10.64% below the sector average10.64% below the sector average10.64% below the sector average10.64% below the sector average
Price Trend
5.09% below the market average5.09% below the market average5.09% below the market average5.09% below the market average5.09% below the market average
37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average
Income Not Available
Growth
52.99% above the market average52.99% above the market average52.99% above the market average52.99% above the market average52.99% above the market average
56.00% above the sector average56.00% above the sector average56.00% above the sector average56.00% above the sector average56.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sosandar Dividends

No dividends found

Trades for 01-Jul-2022

Time Volume / Share Price
16:29 3,236 @ 18.54p
15:26 525 @ 18.54p
08:25 50,000 @ 18.50p
08:24 1,903 @ 18.38p

Sosandar Key Personnel

CFO Stephen Dilks

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