Farfetch has announced that Elliot Jordan will step down from the role of CFO by the end of 2023, after more than eight years. Jordan joined the business in January 2015, since then it has grown its annual GMV from US$380 million to US$4.1 billion for the years ended December 31 2015 and 2022, respectively, now serving over 190 countries and territories. He also helped guide it through its transformation from a private company to a publicly traded company, including its listing on the New York Stock Exchange in September 2018.
Elliot Jordan, CFO of Farfetch, said: “I’m pleased to report our fourth quarter 2022 results which demonstrate that we continue to deliver solid underlying performance, are managing to navigate unprecedented external factors and are clearly focused on the actions needed to return the business to profitability and generating positive free cash flow in 2023. Our long term trajectory has been one of strong GMV growth, operating cost leverage and improving full year Adjusted EBITDA margins. We expect to return to this position by the end of 2023, which will be a great year for Farfetch.”
The business recorded revenue for Q4 2022 of US$2.3 billion which was up 3 per cent year-over-year with a loss after tax of US $177 million & adjusted EDITDA of US $(35) million.
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