YNAP FY17 revenues grow 16.9 percent

Full-year net revenues of 2.1 billion euros (2.6 billion dollars) at Yoox Net-A-Porter Group, were up 16.9 percent on an organic basis and 11.8 percent reported compared to 2016. The company saw positive organic growth across all three business lines with multi-brand in-season net revenues up 18.3 percent; multibrand off-season net revenues up 14.9 percent and gross merchandise value of online flagship stores up 20.8 percent. For 2018, the company expects to achieve organic net revenue growth in line with its strategic plan. The group also expects to deliver an improvement in the adjusted EBITDA margin at constant exchange rates.