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.

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