Sosandar PLC Trading Update (5093E)

TIDMSOS

RNS Number : 5093E

Sosandar PLC

12 February 2018

SOSANDAR PLC

("Sosandar" or the "Company")

Trading update

Seasonal trading exceeds management expectations

Sosandar PLC (AIM: SOS.L), the online women's fashion brand, announces a strong performance across the December 2017 and January 2018 trading period with net revenues exceeding management expectations.

The strong trading follows on from its successful flotation on AIM and fundraising in November 2017, which has enabled the Company to acquire larger and wider ranges of product and to accelerate its media and marketing activities.

Strong seasonal sales were driven by both new customer acquisition and increased repeat purchase with key KPIs ahead of management expectations. Basket size, conversion rate and traffic to the website were all ahead of target. Investment in new marketing channels continues to accelerate customer acquisition. Customer promotional brochures showcasing, partywear, dresses, knitwear, outerwear, luxury leather and footwear categories drove both new customer acquisition and repeat purchases during the festive period.

Please click link below to view some Sosandar product lines:

http://www.rns-pdf.londonstockexchange.com/rns/5093E_-2018-2-9.pdf

Julie Lavington and Ali Hall, Joint CEOs, commented: "During the busiest and most fiercely competitive online trading period of the year, we are delighted with our Christmas and New Year sales results. We achieved multiple sell-outs of a number of products, highlighting huge demand from both existing and newly acquired customers. Demand was so high that we have generated large waiting lists that we have fulfilled with repeat orders. Strong results from marketing activity, especially brochures, has given us the confidence to increase investment in this area, ahead of plan, to sustain and accelerate growth in trading results."

The Company expects to publish unaudited interim accounts for the nine month period ended 31 December 2017 by 31 March 2018.

Enquiries

 
 Sosandar plc                                                  www.sosandar.com 
 Julie Lavington / Ali Hall,                                    c/o Walbrook PR 
  Joint CEOs 
 
 Cairn Financial Advisers 
  LLP (Nominated Adviser)                                  [phone] 
 Sandy Jamieson/Liam Murray 
  / Richard Nash 
 
 Turner Pope Investments 
  (TPI) Limited (Broker)                                   [phone] 
 Ben Turner / James Pope 
 
 Walbrook PR                    [phone] or [e-mail] 
 Paul McManus / Nick Rome                              Mob: [phone] 
                                                                / 07748 325 236 
 

Note to Editors:

About Sosandar PLC

Sosandar is an online womenswear brand specifically targeted at a generation of women who have graduated from younger online and high street brands, and are looking for affordable clothing with a premium, trend-led aesthetic. Based on previous experience within the UK fashion industry and their understanding of the target demographic, this is a section of the market that the Company believes is currently being overlooked.

Sosandar was launched on 19 September 2016 following ten months of preparation that included building the management team, designing the initial Sosandar range, sourcing suitable suppliers, appointing a logistics provider and building the website. The Sosandar business model is built around using trend-led, in house designs that are sourced from a variety of global suppliers to cater for a growing market of fashion conscious women, while utilising an outsourced logistics provider that can support its planned growth over the coming years.

Sosandar's founders are Alison Hall and Julie Lavington, who have previously worked together at high street fashion and celebrity style magazine Look, as editor and publishing director respectively. They have a combined experience of over 35 years in the media and fashion industries, including in the design of fashion ranges for some of the UK's high street retailers, including Debenhams, Office, Oasis and JD Williams.

More information is available at www.sosandar.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 12, 2018 02:00 ET (07:00 GMT)