Online sales of Answear initially increased by by 51% y / y to PLN 244 million in Q3

Online sales carried out by Answear in the third quarter of this year. increased by 51% y / y to PLN 244 million, the company said, presenting preliminary data. Sales revenues according to IFRS reporting in Q2 this year. increased by 50% y / y to PLN 233 million.

Online sales for 9 months of 2022 amounted to PLN 607 million and increased by 38% y / y, while revenues according to IFRS - by 43% y / y to PLN 608 million, it was reported.

“We are pleased with the preliminary sales data in Q3 2022. Despite the difficult market environment in the form of, above all, high inflation and the specter of recession, our business is constantly growing dynamically, unlike the competition, which is recording sales drops. This confirms the legitimacy of our strategy of geographic diversification and the constant increase of the average order value. In addition, the last quarter was the first full period this year, taking into account the restarted Ukrainian market. We remain optimistic here as well, we see a constant reconstruction of this market, which should translate into even better sales in the future, ”said Krzysztof Bajołek, president of Answear, quoted in the announcement.

Answear is an e-commerce company founded in 2011 dealing with the sale of brand-name clothing, footwear and accessories. Currently operates in 10 markets. Sales are geographically diversified, and none of the markets accounts for more than 30% of the company's total revenues. The company has been listed on the main market of the WSE since 2021.

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