Samarkand Group plc (SMK)
28 June 2021
Samarkand Group plc
("Samarkand" or the "Company" or together with its subsidiaries the "Group")
Samarkand Group plc, the cross-border eCommerce technology solution provider, is pleased to provide an update on trading for the year ended 31 March 2021 (FY21).
The Group has delivered a strong performance in the year. Revenue (including exceptional revenues of
Since the financial year end, the Company has continued to execute its stated strategy and investment has begun in line with the use of proceeds outlined at the time of flotation. In May 2021, the Group completed the acquisition of Zita West Limited, a
In June the Company began its international expansion through the opening of a
Further progress was made with the investment of over
The Company intends to release its Full Year Results for the 31 March 2021 in late July 2021.
David Hampstead, Chief Executive Officer of Samarkand Group, commented:
"2021 was a watershed year for the Company and I'm delighted with the financial performance and operational progress made. The IPO and additional proceeds from our partner, S.F. Holdings, have given us the firepower to execute our ambitious growth plans and we have begun to invest accordingly. Chinese eCommerce continues to go from strength to strength and our solutions provide the optimal route into the world's largest eCommerce market. We are working with an increasing number of brands, including our growing owned brand portfolio, and remain very confident for the future."
For more information, please contact:
Notes to Editors
Samarkand is a cross-border eCommerce technology and retail group focusing on connecting Western Brands with
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
For further information please visit https://www.samarkand.global/
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