Social Chain has confirmed it achieved revenues of around €620m with EBITDA (adjusted) profits of more than €20m in 2021.
The company, which was co-founded by entrepreneurs Steven Bartlett and Dominic McGregor in Manchester, is now headquartered in Berlin but has international offices alongside its remaining Manchester office.
Social chain said the group’s EBITDA, even without adjustments, is expected to be €7m this year and will announce its full expectations for 2022 on 9 March.
Last year, the company announced it is targeting €1bn revenue by the end of the 2023 financial year.
Social Chain CEO Wanja S. Oberhof said: “Social Chain AG is solidly profitable – even before special effects adjustments.
“This makes me proud and I thank our entire team of 1,400 employees for their outstanding performance. Our vision for 2022 is clear: to put all the power of our Social Commerce knowledge into building our own brands and products, first and foremost into our flagship brands KoRo, CLASEN BIO, LANDMANN, URBANARA and BEEM.“
