Gousto grew total sales by 129% in 2020 to £189m, having doubled its capacity during the year.
Along with surging sales growth, the firm, which achieved ‘unicorn status’ of a $1bn valuation after raising £25m of new equity in November, posted underlying EBITDA of £18.2m compared to a loss of £9.1m in 2019.
Founder and CEO Timo Boldt said the shift to profitability occurred before the pandemic hit, having posted a profit in the fourth quarter of 2019.
He added that posting a profit did not reflect any focus on tightening costs during the pandemic, as the brand continued to invest “aggressively” during the year.
Gousto Delivers Maiden Profit After Surge In Sales
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