Boxed mattress brand delivers record sales backed by a strong Q4

Boxed mattress retailer Simba Sleep has reported a growth in sales and widening losses.

According to the latest filed accounts ended 31 December 2021, total sales rose 57% to £105.2m from £67m in 2020.

Gross profit increased from £30.9m to £47.7m, while pre-tax losses resulted at £5.3m, widening from a loss of £2.6m recorded the previous year.

Stated within its report, Simba said UK sales rose 60% to £98.2m from £61.2m, while mainland Europe revenues increased from £5.3m to £6.2m. Sales outside of the EU rose from £519,000 to £707,000.

Simba said that it delivered its biggest ever sales quarter in Q4 2021, leading to its record sales, while overall sales were up 119% when compared to 2019.

The company added that it has sourced a new French manufacturing facility for its mainland Europe sales to further boost overseas markets, while investing in product development throughout the year.

Save this article for later

You can revisit this article if you save it as favourite news!

Leave a Comment

MORE ARTICLES