With strong Q1 results.
Kogan.com has recorded a 35.9% jump in revenue and EBITDA growth of 37.7% in 1QFY18 when compared to the prior corresponding period. There was also an increase of $12.8 million in inventories since 30 June, 2017, in anticipation of strong seasonal sales.
Kogan.com founder and CEO, Ruslan Kogan said the company is pleased with the performance and the continuation of the strong trajectory of the business.
“By continuing to delight our growing customer base with our various long term business strategies, we are pleased to deliver a trading update that demonstrates ongoing strong year-on-year growth in revenue and profitability,” he said.
“With significant investment in high quality inventory, and an exciting line-up of new product releases and promotional offers to be rolled out over the coming quarter, we are better poised than ever to help out Santa Claus this Christmas,” he added.