Kogan.com nearly doubled earnings in FY18

Ruslan KoganIn a cash flow statement and trading update on Tuesday, Kogan.com reported $23.7 million in full-year EBITDA in FY18, a 90 per cent increase from FY17.

The rise in earnings before interest, tax, depreciation and amortisation was propelled by strong full-year revenue growth.

The online retailer revealed that revenue in FY18 was up more than 40 per cent on FY17, indicating Kogan.com brought in more than $400 million in revenue.

The figures are currently being audited and will further details will be provided with the release of its full-year results next month.

Nevertheless, Kogan.com founder and CEO Ruslan Kogan said he was pleased to finish the year with a strong quarter of continued growth.

“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,” he said in a statement.

Kogan.com had 1.4 million active customers at the end of June, up 45 per cent from a year earlier, and was holding cash of $41.99 million.

This story originally appeared on sister site Internet Retailing.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Does your retail business have a loyalty program?
Vote

Twitter

Supermarket @Coles is taking a leaf out of the @AldiAustralia playbook, creating a limited-time homewares expansion… https://t.co/4FsZG0aUpV

1 day ago

Following the footsteps of its peers, @DavidJonesStore is cutting head office jobs in an effort to cut costs and be… https://t.co/NW5zR3tds2

2 days ago

A post-election bump in confidence seems to have waned over the month of June, with #retail continuing GFC-level co… https://t.co/ZcUudSV1Wr

2 weeks ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered