Answear.com Continues Dynamic Growth in Q1 2025
Answear.com, one of the leading premium & high-end fashion retailers in Central Europe, has reported preliminary sales results for Q1 2025. The company’s sales revenue reached PLN 351.9 million, representing a 22% year-over-year increase. This marks yet another consecutive quarter of strong growth dynamics, indicating a return to the company’s previous growth trajectory. In the past quarter, Answear’s sales were supported by winter clearance sales and an attractive spring collection, which garnered significant customer interest.
- We’ve had a strong start to the year. We are pleased to maintain an attractive revenue growth rate of over 20% for yet another quarter. Last year, our business underwent a significant transformation, with key investments made to reposition the brand towards the premium segment. Our current results demonstrate that the investment phase has concluded, and we are now seeing the first tangible effects of these efforts - commented Krzysztof Bajołek, CEO of Answear.com.
The continued high sales growth rate in Q1 2025 is a result of the effective execution of the winter sales season, which was optimally planned in terms of both product assortment and pricing strategy. Additionally, strong sales performance was driven by the successful launch of the spring collection, which received a positive response from customers.
The company's growth is also supported by the development of the PRM brand. Notably, the strengthening of PRM’s market position is accompanied by a gradual improvement in its profitability, which positively impacts Answear.com S.A.'s overall margins.
-We remain optimistic about the rest of the year. The spring-summer collection has been well received, and we continue to enhance our product offerings and brand partnerships, reinforcing our position in the premium segment in line with our strategy. We are already witnessing tangible benefits from last year’s investments, which are contributing to both improved profitability and sustained high growth - added Jacek Dziaduś, CFO of Answear.com.
About Answear.com:
Answear.com is the first Polish online multi-brand store, offering a wide selection of clothing, footwear, and accessories from over 800 global brands. Its carefully selected collections for women, men, and children. Featuring premium, sports, and denim brands. Currently operating in 12 markets, the company plans further expansion. Since its launch in 2011, Answear.com has received over 50 awards and accolades, earning the trust of thousands of customers. It continuously delivers fashion inspiration through collaborations with trendsetters and industry experts. The company operates its own logistics centre and IT solutions, enabling high operational efficiency, cost optimization, and competitive pricing. All items in an order are shipped in a single package, emphasising both environmental sustainability and customer convenience. Answear.com is committed to fast delivery—same-day shipping is available in select Polish cities—and top-tier customer service. Loyal customers benefit from the Answer Club loyalty program, which offers exclusive shopping discounts.
About PRM:
PRM is a response to the needs of the urban fashion community, offering a carefully created selection of high-end fashion & sneakers, unique collaborations, and initiatives that promote culture and design. The brand's portfolio includes iconic names like Adidas Originals and New Balance, as well as renowned European labels such as Kenzo, MM6 Maison Margiela, Rick Owens, J.W. Anderson, Ganni, Paul Smith, Fred Perry, Barbour, Coperni, Axel Arigato, Sportmax, and Carhartt WIP. Since April 2024, PRM has also had a physical presence with its first boutique located in Warsaw’s Norblin Factory, offering a handpicked selection of its most sought-after products.
For further information, please contact:
Paweł Strzyżewski
InnerValue Investor Relations
+48 506 229 863