Sosandar delivered another chunky gross margin increase in the all-important Q3 period, up 640bps against a comp that was itself up 340bps. This sustained delivery of higher margins establishes the platform for achieving its £10m+ PBT multi-channel strategic roadmap. While revenue on its own site still declined as a result of the transition away from price promotions, the rate of decline halved vs H1, and the QoQ performance equated to c50% growth. This is a crucial dynamic. The inflection back to growth on its own site is now in sight.
