Wehkamp, the Dutch on-line division retailer, made 782,7 million euros in turnover in 2021. That’s 7 % greater than the yr earlier than. The retailer maintained its income, though on-line purchasing is returning to pre-pandemic ranges.

Wehkamp launched its monetary outcomes for 2021-2022. The corporate is likely one of the largest on-line shops within the Netherlands alongside giants Bol.com, Coolblue and Zalando. In 2020, the net retailer’s gross earnings greater than doubled on account of a peak in on-line purchasing. On the finish of final yr Wehkamp introduced a doable IPO.

7 % income improve

Wehkamp managed to take care of its income ranges. In 2021, the corporate made 782,7 million euros in turnover – a 7 % improve in comparison with the yr earlier than. Wehkamp says that is largely because of its acquisition of kleertjes.com, a Dutch youngsters’s trend retailer.

The corporate made 782,7 million euros in turnover.

Wehkamp’s EBITDA dipped from 59,3 million euros to 48,8 million euros, although. In accordance with the retailer, this is because of breaking ties with monetary arm Tinka and elevated warehouse employment prices. Warehouse staff got a hard and fast contract on account of present labour shortages.

New men-focused store in 2022

Following the success of kleertjes.com, Wehkamp is gearing up for extra acquisitions and new specialised outlets, CEO Graham Harris says: “In 2022, we’ll launch a devoted on-line purchasing vacation spot centered on males and are poised for additional acquisitions to supply our robust fulfilment experience, portfolio and product vary to a fair wider buyer group.”

From electronics to dwelling merchandise

Earlier than the pandemic increase in on-line purchasing, Wehkamp was over 17 million euros within the purple. In comparison with 2019-2020, revenues elevated roughly 30 % previously yr.

Wehkamp eliminated electronics with low margins.

The previous few years, Wehkamp mentioned goodbye to electronics and instruments with low margins and centered extra on its dwelling section. In the course of the pandemic, this class turned out to be a gold mine. It resulted in a buyer soar from 2,1 to 2,5 million. At the moment, Wehkamp nonetheless has 2,4 million lively clients.

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