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showroomprive.com FIRST HALF 2021 : STRONG GROWTH IN THE FIRST HALF REVENUE : € 388.3M ( + 28.3 % ) EBITDA : € 33.0M ( + 368 % ) , 8.5 % MARGIN NET INCOME LARGELY POSITIVE : € 20.6M PRESS RELEASE 29 July 2021 La Plaine Saint Denis , 29 July 2021 - Showroomprivé ( SRP Groupe ) , a leading European online retailer for the Digital Woman , announces strong growth in its earnings for the first half , ended 30 June 2021 . Strong revenue and profitability growth in H1 2021 , including 13.7 % in Q2 2021 Strong growth of the activity ( + 28.3 % ) driven by the core business ( + 29.2 % of the online sales ) • Confirmation of the success of strategic repositioning measures and the revitalisation of the offer ( attractiveness , new brands ) ; High level of loyalty from members and continued momentum in acquiring new buyers ; Ramp - up of new growth drivers led by aremarkable performance by SRP Media and launch of the Marketplace . EBITDA¹ of € 33.0 million , vs € 7.0 million in H1 2020 Strong increase in gross margin to 40.6 % ( vs 37.1 % in H1 2020 ) in line with the trend in the second half of 2020 ( continued business selectivity , better management of returns to suppliers and stocks , continued transition of the model to dropshipping ) ; Good control of operating expenses ( marketing , logistics , administration ) at 34.2 % of revenues ( down 3.5 points vs H1 2020 ) offering a good operating leverage . Net income of € 20.6 million , already higher than for the full year in 2020 Sound and strengthened financial structure • • Shareholders ' equity of € 198.1 million , strengthened by 2020 earnings ; Gross cash of € 108.8 million , with positive free cash flow of € 16.5 million driven by a good operating cash flow generation of € 23.1 million ; Repayment of the € 35 million state - guaranteed loan in June 2021 ; Net cash of € 27.9 million as at 30 June 2021 ( € 45.2 million excluding IFRS 16 lease liabilities ) . Outlook and confirmed ambitions for a profitable growth in 2021 • Strengthen our model in the face of a more demanding comparison base in the very short term ; • • Capitalise on an enduringly powerful asset : a unique base of approximately 25 million members in total and our ability to convert them into buyers ; Continue to broaden our brand portfolio whilst maintaining a high level of selectivity ; Accelerate the development of growth drivers , highly EBITDA generative , such as SRP Media , the new Marketplace and SRP Studio ; Maintain strict control and continue the optimisation of operating expenses . 1 EBITDA , according to the definition used by the Company , is obtained by deducting from net income : the amortisation of assets recognised following a business combination ; amortisation and depreciation of intangible assets and property , plant and equipment ; the costs of share - based payments , including the expense arising from expensing the fair value of bonus shares and stock options granted to employees over the vesting period ; other non - recurring operating income or expenses , net cost of debt and other financial income and expenses , and the tax expense for the year . Public