Sosandar FY profits to miss market expectations, shares slide

For the year to the end of March 2025, the AIM-listed women’s fashion brand expects pre-tax profit of not less than £0.5m, versus a loss of £0.3m the year before. Revenue is set to come in at £37.2m, down from £46.3m the year before amid the continued transition away from price promotional activity.

This is below market expectations for pre-tax profit of £1m and revenue of £38.5m.

Sosandar said trading in the fourth quarter was robust in what is a seasonally quieter period, and against the continued challenging macro-environment.

In January, full price sales were in line with its expectations. However, February was "very much the outlier", it said, with trading softer than it expected.

March saw a return to "pleasing" levels of full price sales, which were in line with the prior year. Sosandar said the momentum seen in March has continued into the new financial year with performance in April to date ahead of April 2024.

At 0920 BST, the shares were down 18.5% at 5.50p.