The Amazon of washing machines: How Marks Electrical is taking on the titans
In a volatile and inflationary electricals market, Marks Electrical has bucked sector trends by growing both sales and market share. Retail Week speaks to chief executive Mark Smithson about how his business is outcompeting its more established rivals
Marks Electrical reported record results in its maiden full year as a listed company this week, with sales up 44% to £80.5m in the year to March 31, against a strong comparable of 78% revenue growth the previous year.
The online electricals retailer also reported an adjusted EBITDA of £7.2m with a 9% profit margin.
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