Well-positioned for 2018.
Acceleration in trading momentum in 2Q FY18 resulted in the Kogan business outperforming management budgets with revenue and EBITDA growing beyond expectations during November and December.
At the company’s AGM in November 2017, the company announced that in the four months to the end of October, unaudited management accounts reflected revenue growth of 36.2% and EBITDA growth of 58.3% year-on-year.
Kogan.com founder and CEO, Ruslan Kogan said, “I am very proud of the entire Kogan.com team for achieving a record breaking quarter this Christmas sales season. With sales hitting record after record, it demonstrates how compelling our offering is for customers.
“Our entire team is always working tirelessly to ensure we make the most in-demand products and services more affordable for all Australians. We ended the Christmas quarter with a robust level of in-demand inventory. We are now extremely well poised to support our accelerated trajectory into the new calendar year.”