Booktopia 'eclipses expectations' as sales rise 35%

Booktopia 'eclipses expectations' as sales rise 35%

Revenue at Australian online book retailer Booktopia Group Limited has grown by 35% this year, soaring to $223.9m (£119m) from last year's $165.7m (£88m) and beating its forecasts for the full year to 30th June 2021. 

The increase comes in at 10% above the $204.5m (£108.7m) forecast in the company’s November 2020 prospectus, and underlying EBITDA was $13.6m (£7.2m), up 125% on the previous year's $6m (£3.2m) and 45% above prospectus forecasts of $9.4m (£5m).

The company has also shipped a record 8.2 million units this year compared with 6.5 million in 2020. The current financial year sees...

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