About You Holding SE, a Hamburg-based e-commerce company, saw sales of €1.94B, up 1.6% YOY. Adjusted EBITDA improved significantly, reaching €3.2M after a loss of €137M last year. The net loss reduced to €112.2M, nearly halving the previous year's €229M.
About You Holding SE achieved a sales total of €1.94B in the financial year, marking a 1.6% increase from the previous year. The boost is credited to a robust final quarter with a 5.2% revenue rise.
The company enhanced its profitability significantly due to increased gross margins and cost reductions in fulfillment, marketing, and administration relative to sales.
Adjusted EBITDA turned positive at €3.2M, a substantial recovery from a €137M loss last year. The overall net loss decreased sharply to €112.2M from €229M.
"We are on a solid path to profitability," stated the CFO. "This year's results reflect our strategic adjustments and operational efficiencies."
How will About You's strategy evolve?
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