Successful first-half of 2019 for digital DIY platform fabfab

Schenefeld (ots) -

- Europe's leading digital do-it-yourself platform is growing at
double-digit rates and continues to gain market share
- Growing in all European core markets Significant increase in profit
margin
- Team expansion by ten percent

fabfab, Europe's leading company in the do-it-yourself online
market, recorded double-digit sales growth in the first half of 2019.
With an international revenue share of more than 50 percent, fabfab
is growing in all European core markets. Essential for the growth of
the DIY platform is the ever increasing customer loyalty paired with
continued strong new customer growth. CEO Dr. Andreas Seifert
comments: "Satisfying our customers and retaining them long-term is
clearly our core objective - we have numerous initiatives ongoing to
get better at this every day, and we continue to see great potential
in this area going forward. We are very grateful that our efforts
have already been rewarded so much by the DIY community."

Thanks to economies of scale and process optimization, fabfab was
also able to significantly increase its operating profit margin
compared to the previous year. At the same time, the company has
already created numerous new jobs in 2019, above all in the
technological and customer-oriented areas: the team grew by more than
ten percent. fabfab continues to invest significantly in the areas of
customer experience and digitization, both internally and along the
entire value chain. Dr. Andreas Seifert: "The transformation from
classical e-commerce to a mobile platform for crafters has been
completed. Now we focus on optimizing the customer experience and
inspiring our community."

About fabfab GmbH

fabfab is Europe's leading company in the do-it-yourself online
market. In addition to the German-language creative platform
stoffe.de, the company is present in the United Kingdom, Sweden,
France, Italy, the Netherlands, Finland, Denmark, Spain, the Czech
Republic, Poland and Portugal and exports to more than 50 countries
worldwide. The range includes more than 10,000 (often exclusive)
fabrics for fashion, children's wear and decoration, complemented by
a wide selection of sewing accessories, wool and other DIY supplies.
In addition, the creative platforms offer inspirational content on
various topics and trends, well-founded specialist knowledge and
expert tips, as well as numerous free sewing instructions. The
company employs about 200 people from 14 nations and is based close
to Hamburg, Germany.

Press Contact:
HOSCHKE & CONSORTEN Public Relations GmbH
Christina Sattler
phone: +49 40 36 90 50-83
e-mail: c.sattler@hoschke.de

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Original-Content von: fabfab GmbH, übermittelt durch news aktuell