OKA Direct has posted its yearly results today, reporting a strong rise in sales and revenue figures.
In the 52 weeks to January 23 the luxury furniture retailer recorded a 12 per cent rise in sales to £23.8 million.
Margins over the year improved by over 58 per cent and EBITDA rose by nine per cent to over £2.3 million compared to the prior year.
A focus on multichannel sales which lead to online sales rocketing by 34 per cent from last year, along with continued development of OKA’s collection, has been attributed to the strong sales figures.
The retailer also opened new stores in Bath and Marlow this year, growing its outlets to 12 across the UK. It plans to continue to expand its retail presence over the coming year.
“The store roll-out plan continues, underpinned by strengthening the executive team, a focus on improving our operational performance and increased marketing expenditure,” OKA founder Annabel Astor said.
“The company’s financial position remains strong and we have a loyal, stable and growing client base.
“In short, I believe the company is well-placed to meet the challenges ahead.”