Samarkand Group plc
(“Samarkand”, the “Company” or together with its subsidiaries the “Group”)
FY21 Preliminary Unaudited Results
Samarkand Group plc, the cross-border eCommerce technology solution provider, is pleased to announce its preliminary unaudited results for the year ended 31 March 2021 (“FY21”).
FY21 Financial highlights:
* after deducting £0.5m in listing fees and share based payment charge
** adjusted EBITDA is EBITDA adjusted to exclude the profit generated from exceptional revenues, listing fees and share based payment charge.
FY21 Operational highlights:
Post period end highlights:
David Hampstead, Chief Executive Officer of Samarkand Group, commented: “It has been an exceptional year for Samarkand Group plc and I am extremely proud to be presenting the Group’s maiden set of results as a listed Company. The ability with which the Company has progressed during the period in the face of the challenges posed by the pandemic is testament to the strength of our team and the value of our offering. I would like to take this opportunity to thank all our staff for their continued hard work.
The funds raised from our IPO provides Samarkand with the necessary capital to move to the next stage of our expansion and continued execution of our growth strategy. The use of such funds to acquire Zita West Products and a majority interest in Babawest Ltd underlines the ambition of the Group to move quickly in its progression. We continue to assess further opportunities for acquisitive growth.
Chinese eCommerce is only set to grow in significance moving forwards and our offering provides the optimal route for Western brands to penetrate the notoriously difficult Chinese market. The future of the Company is extremely bright and I am excited to continue delivering on our stated strategy in the coming months.”
For more information, please contact:
Samarkand Group plc
|Via Alma PR|
|VSA Capital – AQSE Corporate Adviser and Broker|
Andrew Raca, James Deathe, Pascal Wiese (Corporate Finance)
Andrew Monk (Corporate Broking)
+44(0)20 3005 5000
+44(0)20 3405 0213
Notes to Editors
Samarkand is a cross-border eCommerce technology and retail group focusing on connecting Western Brands with China, the world’s largest eCommerce market. The Group has developed a proprietary software platform, the Nomad platform, which is integrated across all necessary touch-points required for eCommerce in China including eCommerce platforms, payments, logistics, social media and customs. The Nomad platform is the foundation on which the Group’s Nomad technology and service solutions are built. The core products include Nomad Checkout, Nomad Storefront, Nomad Commerce and Nomad Distribution.
The Company’s current customer base comprises leading European brands such as 111SKIN, Shay & Blue, Omorovicza, ICONIC London, Philip Kingsley, Temple Spa and Planet Organic. Samarkand has also successfully grown its own brand, Probio7, acquired in December 2017 and recently announced the acquisition of Zita West Products and Babawest.
Founded in 2016, Samarkand is headquartered in London, UK with offices in Shanghai and Tokyo employing over 140 staff.
For further information please visit https://www.samarkand.global/
Unit 13 & 14
Nelson Trading Estate
The Path, Merton
London SW19 3BL
Tel: +44 (0) 2037403933
4F Ascendas Plaza
333 Tian Yao Qiao Road
Samarkand Global Japan KK,
IBSC, Ark Mori Bldg. 7F 12-32, Akasaka 1-Chome, Minato-ku,
© Copyright – Samarkand Global Limited registered in England and Wales.
Company Registration Number 10174458