Luxury online retailer Cettire reports strong revenue growth

Cettire Limited (ASX: CTT), a global luxury online retailer, has reported strong revenue of AU$141.3 million for the four-month period ending 30 April 2023, up 122% from the prior corresponding period. The company's adjusted EBITDA was at least AU$7 million on a delivered margin of greater than 20%, while marketing investment was a high single-digit percentage of sales revenue.

Cettire's April sales revenue rose 160% year-on-year, which it expects to maintain throughout the rest of the financial year. The company aims to maximize profitable revenue growth while self-funding. Cettire will release its full-year results for the 12 months ending 30 June 2023 in August. CEO Dean Mintz said that Cettire is "rapidly growing share in a large and growing global market, which benefits from the structural shift to online".

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