Our Vision & Strategy
Our vision is to lead the fashion e-commerce market globally, in a way that delivers for our customers, people, suppliers and stakeholders. Our focus is to maintain an outstanding customer proposition, with the latest fashion at great prices, combined with excellent customer service. To this end, we have a plan of continuous investment in our systems, infrastructure and technology to ensure we offer an optimal online shopping experience as we look to build for the future and further cement our position as a leader in global fashion e-commerce.
Historical financial performance
| Year ending February | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Sales | 580 | 857 | 1,235 | 1,745 | 1,983 | 1,769 |
| Growth | 97% | 48% | 44% | 41% | 14% | -11% |
| Adjusted EBITDA (1) | 56.9 | 84.5 | 126.5 | 173.6 | 125.1 | 63.3 |
| Adjusted EBITDA Margin | 9.8% | 9.9% | 10.2% | 10.0% | 6.3% | 3.6% |
| Net Cash | £133.0m | £190.7m | £240.7m | £276.0m | £1.0m | £5.9m |
1. Defined as profit before tax, interest, depreciation, amortisation, share-based payment charges and exceptional items.
AGM
Financial calendar