Bol.com grows revenue by 5,6 percent

After red numbers in the first and second quarter, Dutch marketplace Bol.com made 1,2 billion euros in revenue in Q3. That is an increase of 5,6 percent. This is mostly thanks to its 51.000 third-party sellers, who account for nearly 60 percent of sales.

Bol.com is the largest online store in the Netherlands and Belgium. This year, the company owned by Ahold Delhaize was supposed to go public. The plans did not go through after disappointing numbers and overall economic uncertainty.

1.2 billion euros revenue on Bol.com

Now, mother company Ahold Delhaize shared the results of its latest quarter. In Q3, Bol.com made 1.2 billion euros in revenue – an increase of 5,6 percent. In the second and first quarter, the online store was respectively 1,7 and 7 percent in the red. Therefore the sales numbers are looking up.

Sales numbers are looking up.

Partner sales increased 11 percent

The numbers are mostly thanks to over 50.000 partner sellers on the platform. Together they account for as much as 59 percent of Bol.com’s sales. In Q3, revenue by partners was 11 percent higher than during the same period last year.

Net online sales 2,7 billion euros

Net online consumer sales of Ahold Delhaize were good for 2,7 billion euros – an increase of 11,5 percent. Of this, 1,6 billion euros came from online sales in Europe. Here, the mother company also owns supermarket Albert Heijn, drugstore Etos and liquor store Gall&Gall.

The company says it faces cost increases.

The numbers are positive during an uncertain time for ecommerce and the economy in general. The company does say it faces high inflation rates, supply chain challenges and major cost increases, such as higher costs in transport.