Answear.com Q1 net loss slightly widens to PLN 3.3 mln

Digital sale platform for clothing and footwear Answear.com reported a Q1 net loss of PLN 3.3 million compared to PLN 3.0 mln a year ago. Revenue increased to PLN 178.2 million in Q1  compared to PLN 123.5 million a year earlier.

The suspension of sales on the Ukrainian market and lower customers’ spending after the outbreak of the war resulted in pressure on margins and a decrease in additional orders, which normally have a higher margin compared to pre-orders. As a result, sales margin dropped to 39.4%compared to 45.4% in Q1 2021, the company said.