losses widen despite ‘record’ sales

Made Mailbox 2’s losses widened despite posting record full-year sales bolstered by international expansion and redevelopment of its flagship London showroom.

The furniture retailer reported a loss before tax of £5.7m in 2018 up from a loss of £4.9m the previous year with a 45.6% increase in distribution costs the main contributing factor. 

Despite this, the specialist retailer recorded a 37% increase in sales to £173.4m in 2018 compared with sales of £127m the previous year.

Adjusted EBITDA loss decreased to £0.4m during the period, down from a loss of £2.2m to 2017.

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