// Spreadshirt EBITDA rises 23% to €10m (£8.89m)
// Total revenue up 3.4% to €110m (£97.83m)
// Shopping via mobile and tablets increased 17.7% to 58%
Spreadshirt has recorded its biggest profit yet, thanks to the growth of online sales via mobile phones and tablets.
The print-on-demand ecommerce retailer ended 2018 with an EBITDA rise of 23 per cent to €10 million (£8.89 million), and a 3.4 per cent rise in total revenue to €110 million (£97.83 million).
Spreadshirt said its successful trading is partly down to mobile traffic, which increased by 17.7 per cent to 58 per cent during the period, while almost half of all orders were placed via mobile devices in 2018 – 10 per cent more than in 2017.
“Spreadshirt achieved something in 2018 that many of our competitors are failing to do,” Spreadshirt chief executive Philip Rooke said.
“We have sustainably increased our profitability. We’ve been able to drive success for our partners and ourselves through our focus on technology and service improvements.
“By investing in other companies and new printing technologies, we will further strengthen our market position as the leading platform for self-expression,” he said.
Ten million designs were uploaded on the site in 2018.
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