Australian online book retailer Booktopia Group reported a 35% increase in revenue in the fiscal year ended June 30, 2021 over fiscal 2020 with sales of A$223.9 million ($167 million). Underlying EBITDA (earnings before interest, depreciation, amortization, and amortization) increased to A$13.6 million, a 125% jump over fiscal 2020.
The company, which went public in December 2020, said total shipments in the year rose 27%, to 8.2 million, while the average order increased to $A71.07 from $A65.08 in fiscal 2020. The company reported that is now has now a database of over five million customers with 1.8 million active customers in fiscal 2021, a 19% increase from the previous year.
In prepared remarks, Booktopia CEO Tony Nash noted that the results exceeded company expectations and “laid the foundation for the next phase of growth.” That growth, Nash said, will involve expanding its market penetration while looking for more partnerships and acquisitions. Nash added that sales in July and August were above last year.
In addition to growing its online business, during the year the company expanded its publishing operations, (Booktopia Publishing) and distribution business, (Booktopia Publisher Services). And while Booktopia’s immediate focus is on Australia and New Zealand, Nash said the company “will look at opportunities in other markets if we believe there is attractive, medium-term, growth potential.”
