Due to strong 3Q performance.
Strong trading momentum for Kogan has continued in 3Q17 with the business exceeding revised management budgets and producing net operating cash flows of $1.1 million.
As a result of this performance, the company has delivered more than $10 million of pro forma trading EBITDA in the nine months to 31 March, 2017. The board now expects full year FY17 pro forma trading EBITDA to be more than $11.5 million – an increase from the previous guidance of between $10.5 million and $11.5 million as outlined in the company’s half year results.
Kogan founder and CEO, Ruslan Kogan said, “We are building the Kogan.com business in line with our long term growth strategy. Our operating momentum is strong and we are delivering sustainable growth for our shareholders.
“With the funds raised at the IPO, our consumer offering is stronger than ever and our customers are happier than they’ve ever been. We look forward to maintaining this momentum as we scale and continue to delight our customers.”