International markets deliver rapid growth as Made hits record sales

Online furniture retailer Made.com has reported a growth in sales as turnover smashed past £200m to record levels.

According to its latest filed accounts for the year ended 31 December 2019, total sales rose 22% to £211.8m from £173.4m in 2018.

UK sales rose 13.8% to £114.3m from £100.4m, while International sales jumped 33.5% to £97.5m from £73m, representing 46% of total revenues, rising from 42%.

Gross profit increased from £93m to £115.2m, while pre-tax losses rose from £5.7m to a loss of £19.3m.

Stated within its report, Made.com said that all markets experienced growth and was boosted from investments in three new warehouses, with one in the UK and two in Europe.

Made.com also invested in upgrading its flagship showroom in London as well as the completion of its logistics transformation programme, which will further boost future growth.