The Aschheim-based e-commerce specialist BestSecret Group generated sales of more than one billion euros for the first time in the 2022 financial year. The company, which offers reduced-price items from around 3,000 fashion brands on its platform, increased its sales by 11.5 percent year-on-year to EUR 1.05 billion, according to a statement published on Wednesday. The group has thus passed a “historic milestone” despite “geopolitical and macroeconomic uncertainties, inflation-related pressure and declining consumer sentiment”.
Sales abroad developed particularly dynamically: sales there grew by 33.7 percent to 357.8 million euros. As a result, the share of international business in total sales increased to 34.0 percent. In Germany, sales increased by 2.7 percent to 693.3 million euros.
According to the company, earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects amounted to EUR 137.7 million last year. This was only slightly below the previous year’s level of EUR 138.7 million.