Cettire (ASX:CTT) Sees 78% Revenue Growth in FY24, Eyes Future Growth with Expanding Luxury Market

Mon 03 Feb 25, 03:48 AM | Team Kalkine

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Highlights

Cettire's sales revenue surged 78% YoY to AUD 742.25 million in FY24, driven by a 64% rise in active customers.

In FY24, CTT’s adjusted EBITDA increased to AUD 32.4 million, but adjusted net profit declined slightly to AUD 18.21 million from AUD 19.40 million in FY23.

The global luxury market is expected to increase to USD 600 billion by 2030, with online luxury sales projected to reach USD 200 billion.

Cettire Limited (ASX:CTT) is an ASX-listed global luxury online retailer which is focused on expanding its presence in the high-end fashion market. For the 12 months ended 30 June 2024 (FY24), Cettire reported a 78% YoY increase in sales revenue, reaching AUD 742.25 million. This surge was driven by a 64% YoY rise in active customers, which exceeded 692,000 during the year. The company’s adjusted EBITDA also showed improvement in FY24, climbing to AUD 32.4 million from AUD 29.3 million in FY23. However, adjusted net profit declined slightly to AUD 18.21 million in FY24, compared to AUD 19.40 million in the previous year.

In Q1FY25, sales revenue of CTT rose 22% YoY to AUD 155 million, while adjusted EBITDA increased to AUD 2 million, up from AUD 1.6 million in Q4FY24.

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