Earnings release
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TEMPLE & WEBSTER GROUP LTD ABN 69 608 595 660 TEMPLE & WEBSTER ASX Announcement 2nd Feb 2021 Temple & Webster Half Year Results to 31 December 2020 Temple & Webster ( ASX : TPW ) , Australia's largest pure play online retailer in the furniture and homewares market¹ , today released an investor presentation containing its half year results ( pre- auditor review ) for the period ending 31 December 2020 . Key H1 FY21 Highlights² • H1 revenue of $ 161.6m up 118 % year on year • EBITDA of $ 14.8m , versus $ 2.3m in prior corresponding period ( up 556 % ) Cash flow positive half with ending cash balance of $ 85.7m ( including proceeds of a $ 40m placement ) • Active customers up 102 % to 687k Trade and Commercial division grew 89 % year on year Temple & Webster CEO , Mark Coulter , said " I am pleased to present a great set of results for the first half of FY21 . While 2020 remained a challenge for the country , we are proud that many Australians continued to turn to Temple & Webster for their furniture and homewares needs . It is great to see our revenue growth translating into operating leverage and significant profit growth . This allows us to accelerate our investment into areas such as data , technology , private label and brand awareness to further differentiate our proposition " . " Our strategy of being a category specialist , with a clear customer offering built around the biggest and best range of furniture and homewares in the country , combined with the most inspirational content and services and a great delivery experience and customer service , is working . The advantages of being the online market leader are apparent as we continue to grow our market share " said Coulter . 1 Source : IBISWorld Industry Report OD4176 Online Household Furniture Sales in Australia 2 All numbers contained in this announcement are pre - auditor review