Koovs Share Discussion Threads

[rampmeister] 07/9/2017 09:09

Scramble on to get out at any price. Nearly 6 months in and no comment on current trading. Think comparison with e-tail overall unhelpful and should be more sector specific. Would be good to know if Koovs are competing with their fellow fashion e-tailors.

RM

[ckafetz] 07/9/2017 08:58

Why a 10p fall to start the day? What are the negatives?

[putneylad66] 07/9/2017 08:56

Wow- how hard was it to buy on that dip!!!

Just bought another decent amount!!!!

[irishlass2] 07/9/2017 08:54

Great results and I bought more on the dip.

[lazytrader] 07/9/2017 08:35

you are right..... it is no trading update

[putneylad66] 07/9/2017 08:27

Nothing new here really. Now into positive margins & a clear road to profitability.

Losses stabilised.

Closure on fundraising could be what the market was looking for. Will just have to wait & see.

[ksharlandjiev] 07/9/2017 08:23

Oh well... this was a surprise "Positive trading margin* at +4%"

[lazytrader] 07/9/2017 07:35

07.00 7 September 2017
Koovs plc ("Koovs" or the "Company") 

Preliminary Results for the year ended 31 March 2017

Sustained growth and market outperformance

Koovs plc (AIM:KOOV), the fashion-forward business focused on the young Indian e-commerce market, today announces its preliminary results for the year to 31 March 2017.

Financial highlights:
· Strong gross sales order value growth* at KOOVS.COM up 65% / 87% to INR1,616m / £18.6m (2016: INR981m / £10.0m)
· Positive trading margin* at +4% (2016: -6%) driven by improved intake margin and managing the markdown
· Pre-tax loss stable* at INR 1,691.3m / £19.3m (2016: INR1,650.4m / £16.7m) reflecting implementation of capital discipline and cost control measures
· Koovs plc revenue* up by 49% at INR761m / £8.7m (2016: INR512.4m / £5.2m)

* Explanation of these metrics are noted in the trading performance and KPIs section within the Operating Review

Operational highlights:
· Website traffic up by 79% to 78.5m
· Brand awareness growth to 15% (2016: 8%) driven by targeted and efficient marketing
· 100% increase in both units shipped and repeat customers
· 40% of sales generated by the Koovs private label brand
· Signed first international distribution agreement to launch Koovs private label brand Summer 2017 in the Middle East on SOUQ.com, the region's leading e-commerce platform
· Four successful standout designer capsule collections launched during the year, from Manish Arora, Hattie Stewart, Gauri & Nainika and Masaba
· Social media audience grew to over two million followers and industry leading engagement over 3x the nearest category competitor
· Leader in our peer group for customer satisfaction with highest average Net Promoter Score (RedSeer)

Post Balance Sheet event

On 14 August 2017, the shareholders approved the issue of up to £18.9m of convertible loan notes in order to provide funding for the Group's business plan, of which £8.9m has been secured to date.

Mary Turner, CEO, said:
"We are pleased to have delivered strong sales growth, significantly outperforming India's e-commerce market by over five times during the challenging period of demonetisation, which affected the whole economy in India.

"Our highly distinctive and targeted brand marketing has further established Koovs fashion authority among our core market of India's 18 to 34-year-olds.

"The focus for FY18 is to build on these foundations for sustainable growth towards profitability in FY20 and to further capitalise on the unique growth prospects of India's fashion e-commerce market, for the benefit of our shareholders."

[irishlass2] 07/9/2017 07:25

07.00 7 September 2017
Koovs plc ("Koovs" or the "Company") 

Preliminary Results for the year ended 31 March 2017

Sustained growth and market outperformance

Koovs plc (AIM:KOOV), the fashion-forward business focused on the young Indian e-commerce market, today announces its preliminary results for the year to 31 March 2017.

Financial highlights:
· Strong gross sales order value growth* at KOOVS.COM up 65% / 87% to INR1,616m / £18.6m (2016: INR981m / £10.0m)
· Positive trading margin* at +4% (2016: -6%) driven by improved intake margin and managing the markdown
· Pre-tax loss stable* at INR 1,691.3m / £19.3m (2016: INR1,650.4m / £16.7m) reflecting implementation of capital discipline and cost control measures
· Koovs plc revenue* up by 49% at INR761m / £8.7m (2016: INR512.4m / £5.2m)

* Explanation of these metrics are noted in the trading performance and KPIs section within the Operating Review

Operational highlights:
· Website traffic up by 79% to 78.5m
· Brand awareness growth to 15% (2016: 8%) driven by targeted and efficient marketing
· 100% increase in both units shipped and repeat customers
· 40% of sales generated by the Koovs private label brand
· Signed first international distribution agreement to launch Koovs private label brand Summer 2017 in the Middle East on SOUQ.com, the region's leading e-commerce platform
· Four successful standout designer capsule collections launched during the year, from Manish Arora, Hattie Stewart, Gauri & Nainika and Masaba
· Social media audience grew to over two million followers and industry leading engagement over 3x the nearest category competitor
· Leader in our peer group for customer satisfaction with highest average Net Promoter Score (RedSeer)

Post Balance Sheet event

On 14 August 2017, the shareholders approved the issue of up to £18.9m of convertible loan notes in order to provide funding for the Group's business plan, of which £8.9m has been secured to date.

Mary Turner, CEO, said:
"We are pleased to have delivered strong sales growth, significantly outperforming India's e-commerce market by over five times during the challenging period of demonetisation, which affected the whole economy in India.

"Our highly distinctive and targeted brand marketing has further established Koovs fashion authority among our core market of India's 18 to 34-year-olds.

"The focus for FY18 is to build on these foundations for sustainable growth towards profitability in FY20 and to further capitalise on the unique growth prospects of India's fashion e-commerce market, for the benefit of our shareholders."

Notes to Editors

[sarkasm] 06/9/2017 07:18

jackson83
6 Sep '17 - 01:04 - 1048 of 1048 0 0
Just checked and yes Koovs website ls up and running still




in that case have a nice day