Sosandar (SOS)

Sector:

Retailers

Index:

FTSE AIM All-Share

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

Sosandar first-half sales surge as demand picks up

By Michele Maatouk

Date: Thursday 07 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Sosandar reported a big jump in first-half revenue on Thursday following strong trading from its own website and third parties as demand for 'going out' and work wear increased, sending shares in the online fashion brand surging.
In the six months to 30 September, revenues rose 184% from the same period a year ago to £12.2m, with record revenue in September as demand accelerated for new season products.

Website visits were up 67% to more than 6m and the number of active customers grew 41% from March.

Sosandar said the first half began "strongly" as Covid-19 restrictions eased and momentum continued to build during the period. Trading with third parties such as M&S, Next and John Lewis was "very strong", it said.

Early autumn sales have also been "very strong" as demand for 'going out' and work wear has increased.

"The company took the decision to bring in stock early for autumn, anticipating early demand for partywear, coats, boots and knitwear," it said. "Sequins, Christmas jumpers and fur coats are already best sellers."

Co chief executives Ali Hall and Julie Lavington said: "We are delighted to report another strong period for Sosandar with enhanced sales delivered across our entire product range as customers begin to return to the office and attend events. After over a year in loungewear our customers are clearly enjoying a return to fashion.

"With a substantial increase delivered in active customers, repeat customers and conversion rate, we can see the benefits of our marketing strategy, broadened range and operational improvements flowing through. Our sales continue to see great growth momentum both on the Sosandar website and with our third party partners and we are very excited about the opportunity that lies ahead for the company."

At 1100 BST, the shares were up 19% at 30.11p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Sosandar Market Data

Currency UK Pounds
Share Price 18.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 36.00
52 Week Low 18.00
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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