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PRIVACY
Retail & Consumer

Fashion brand In The Style more than doubles revenue as it returns to profit

The full-year results are the first since In The Style raised £11m when it floated on AIM in March.

Online womenswear fashion brand In The Style is headquartered in Salford(Image: In The Style)

Online women's fashion brand In The Style more than doubled its revenue during its latest financial year which saw the Salford company float on AIM.

The business has reported a revenue of £44.7m for the 12 months to March 31, 2021, up from 19.3m.

New figures published this morning also reveal that In The Style made a pre-tax profit of £125,000 compared to a loss of £2.1m during the prior year.

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The company's direct-to-consumer revenue increased from £17.5m to £36.4m while its adjusted EBITDA went from a loss of £1.1m to a profit of £3.8m.

The full-year results are the first since In The Style raised £11m when it floated on AIM in March.

During the period the company added nine new influencers to its ranks and it signed a new partnership with Asda.

In a statement, the business also said its sales in the first quarter of its current financial year are 44% ahead of the prior year.