Earnings release
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showroomprive.com Q1 2021 NET REVENUES : € 178.4M , UP 51 % GROWTH MOMENTUM CONFIRMED PRESS RELEASE 28 April 2021 La Plaine Saint Denis , 28 April 2021 - Showroomprivé ( SRP Groupe ) , a leading European online retailer for the Digital Woman , has published net revenues up very sharply for the first quarter , ended 31 March 2021 . All indicators pointing in the right direction • Net revenues up 51 % , boosted by a favourable comparison base ; Equally strong growth trend both in France and worldwide , still driven by the strategic " Fashion and Beauty " sectors and the long - term acceleration in e - commerce penetration ; Performance was underpinned by a volume effect ( 3.6 million orders over the quarter ( + 36 % ) and a bigger average basket ( + 14 % ) ) ; Success of an increasingly diverse and high - quality offering , with more premium brands ; Continuing acquisition of new members combined with a good conversion rate ( 200,000 new buyers ) ; Launch of the new Marketplace and dynamic business of SRP Media over the quarter . Confirmation of the profitable growth trajectory in 2021 • Lock in the acceleration in e - commerce penetration for the long term ; • Capitalise on the power of our membership and repeat customer base ; Continue to broaden our brand portfolio whilst maintaining a high level of selectivity ; Accelerate the development of growth drivers such as SRP Media , the new Marketplace and SRP Studio ; Maintain strict control and continuous optimisation of operating expenses ; Profit from the leverage effect of growth on profitability ( good absorption of fixed costs ) . Showroomprivé co - founders and co - CEOs Thierry Petit and David Dayan commented on the performance : " 2021 began in promising fashion and confirmed that we are on the right path with our strategic moves . While we may have benefited from a favourable comparison base over the quarter , the key factor was our ability to capitalise on the hard work of recent months that allowed us to build up our offer of premium brands and fully cater to the expectations of our ever - expanding customer base . We attracted many new members , more than 620,000 in this first quarter , and achieved particularly a high transformation rate in a still favourable environment . We are capturing market share and all operational indicators are positive , including those on the profitability plan as business volumes posted amply covered fixed costs in the first quarter . Showroomprivé should continue to reap the rewards of its operational optimisation and confirm its profitable growth trajectory . " Public