Close×

Booktopia's investment in its distribution centre and automation paid off over Christmas, with the business recording the strongest December in its 16-year history. 

In a trading update, Booktopia reported that it shipped 728,000 units in December alone, while 4.2 million units were shipped in the first half to December 31 2020. 

The business reported a 52% increase in revenue to $113 million compared to $74.5 million in H1 FY20. 

Booktopia CEO Tony Nash said the unaudited results indicated the business was trading well thanks to its ability to quickly adapt and take advantage of the increasing shift to online shopping.

"The Christmas period saw strong demand from customers. 

"Our investment in additional capacity and automation allowed us to meet customer orders in a timely fashion and ensured we were able to have the biggest December in the history of the company.

"We are confident the momentum and growth we experienced in 2020 should continue throughout the year and beyond and as a result the business is on track to meet forecasts provided in the company’s prospectus," he said. 

Booktopia reported a 506% increase in EBITDA to $8 million, compared to $1.3 million in H1 FY20. 

The first stage of the company’s $20 million expansion and automation project at the Lidcombe Distribution Centre in Sydney was completed in November and increased outbound capacity from 30,000 units to 60,000 units per day.

 

comments powered by Disqus