Catch Group releases Q1 results

Customer numbers on the rise.

Catch Group has announced its first quarter results for FY 2019 with gross transaction value reaching $99.39 million – an increase of 72.9% on the previous corresponding period. This was attributed to healthy customer growth and an increased range of products available through marketplace.

At the end of the quarter, active customers had grown to 1.2 million, growth of 50% year-on-year.

Catch Group CEO and managing director, Nati Harpaz said, “I am extremely proud of the strong financial and operational results that the team here at Catch Group have delivered this quarter. Our ability to offer in-demand products across a wide range of categories from highly sought-after brands at great prices continues to attract and retain customers.

“We have seen demand increase in the first quarter of 2019 as we expand our suite of products. Catch now offers in excess of 1.9 million SKUs via the marketplace platform. With over 100 million annual website and app visits, the addition of a new warehouse will allow us to continue to capitalise on this potential growth.”

Catch Group recently secured a new warehouse close to its current facilities in Truganina, Melbourne. This additional facility provides the company with the capacity needed for the next five years of expected growth.

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