Pure-play online retailer Kogan.com’s full year revenue grew more than 40% in 2018, according to a quarterly cash flow and trading statement.
That would put the full year result, due to be announced next month, at $405 million compared with $289.5 million in 2017.
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) for 2018 was more than 90% higher than 2017’s $12.5 million.
Kogan.com closed the year with active customers of 1,388,000 compared to 955,000 the year before.
“Kogan.com finished the financial year with a strong quarter of continued growth, as we execute our long term strategy,” says Kogan.com Founder and CEO Ruslan Kogan.
“We are excited about all the growth initiatives we are implementing, as we continue to make the most in-demand products and services more accessible and affordable for our customers.”
At the end of June, the company had cash of $41.99 million and access to a $10.0 million bank facility.
In February, Kogan.com posted a 45.7% jump in revenue to $209.62 million for the six months to December. Profit was $8.33 million, up 470%.
Kogan.com listed on the ASX in 2016 at $1.80 a share. They last traded at $6.62.
Ruslan Kogan owns about half of the company.
Kogan.com has been expanding its portfolio offering, last month signing supply and logistics agreements which allow it to enter the Australian Whitegoods and Built-In Kitchen Appliance Market with its own range of exclusive brand price-competitive products.
The company has Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Health and Kogan Travel.
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