Dutch e-tailer Coolblue has delayed the IPO it had announced for this month. The current conditions on the stock exchange are too uncertain - but are recent reports about a drop in profit margin to blame as well?
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Coolblue's profitability has suffered badly in the last few months, especially due to staff shortages. This is bad news days before the webshop's planned IPO.
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Coolblue is preparing for its IPO. This month the e-commerce player goes to the stock exchange in Amsterdam. The company wants to raise an amount of 150 million euros.
Dutch e-tailer Coolblue is likely to make a second attempt to go to the stock market in the coming weeks. However, it is currently unclear whether this will be in Amsterdam or Brussels.
Dutch e-tailer Coolblue has announced it will open its third store in Antwerp. It will be three times as big as the current store, its oldest existing store in Belgium. As such, the plans symbolise Coolblue's explosive growth in Belgium.
Coolblue’s Belgian turnover grows faster than its group turnover, thanks to the opening of new stores and the roll-out to the French-speaking part of the country. The retailer belongs to the winners of the corona crisis.
At the end of this year Coolblue will open its first German store, more specifically in Düsseldorf. About a year ago the electronics webshop started with its first deliveries in Germany.
Dutch e-tailer Coolblue is to open a sixth Belgian store in Kuurne by the end of the year, its first in the coastal province of West Flanders.
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Coolblue was able to quadruple its net profit last year: it went from 15.2 to 61.1 million euros. This implies a record-breaking profit for the electronics retailer, which is aiming for an IPO.
Dutch e-tailer Coolblue has delayed its IPO to "after the summer" as its shareholders need more time to prepare for the step. According to analysts, the decision is exceptional and not without any risk.
Coolblue has reached the milestone of 2 billion euro turnover: during the Covid year 2020, the electronics retailer sold 34 per cent more. The Belgian market now accounts for a quarter of all sales.
In order to gain market share in the Benelux, Amazon charges significantly lower prices than direct competitors such as bol.com, Coolblue or MediaMarkt. And that pays off: the webshop attracts more customers.
Amazon has not yet been able to meet the high expectations following the launch of a Dutch webshop. It turns out that a mature market cannot be taken over just like that. And corona was both a curse and a blessing.
Dutch online retailer Coolblue is continuing its German expansion. Deliveries are now also possible in the area around Cologne, while a first physical store in Germany is planned to open soon.
Dutch electronics retailer Coolblue has expanded to Germany, with an e-commerce pilot in Düsseldorf launched today. The aim is to open physical stores soon as well.