YOOX NET-A-PORTER GROUP: Pro-forma 2015 full year results1

NET REVENUE GROWING BY 31% AND ADJUSTED NET INCOME BY 38%

2015 reported results2
NET REVENUES +76% AND EBITDA +62%

Pro-forma results1 YOOX NET-A-PORTER GROUP

  • Net revenues of Euro 1.7 billion, +30.9% (+20.8% at constant exchange rates) compared to 1.3 billion in 2014. Strong growth recorded by all business lines: Multi-brand In-Season net revenues +36.9%; Multibrand Off-Season net revenues +26.1%; Mono-brand net revenues at gross merchandise value (GMV)3 +27.5%
  • EBITDA adjusted4 at Euro 133.1 million, +25.7% compared to 105.9 million in 2014. EBITDA at Euro 126.4 million, +47.5% compared to 85.7 million in 2014
  • Net income adjusted5 at Euro 59.7 million, +37.8% compared to 43.3 million in 2014. After Euro 6.3 million of non-cash costs relating to share-based incentive plans net of their related tax effects, net income was Euro 53.4 million, +128.5%, compared to 23.4 million in 2014
  • Positive net financial position at Euro 62.1 million compared to 60.4 million at 31 December 2014
  • Key performance indicators:
    • 27.1 million average monthly unique visitors, compared to 23.6 million in 2014
    • 7.1 million orders, compared to 5.8 million in 2014
    • Euro 352 AOV (Average Order Value) compared to Euro 317 in 2014
    • 2.5 million active customers, compared to 2.1 million in 2014

Reported results2 YOOX NET-A-PORTER GROUP

  • Net revenues of Euro 922.7 million, +76.0% compared to 524.3 million in 2014
  • Reported EBITDA of Euro 79.0 million, +61.8% compared to 48.8 million in 2014
  • Reported net income at Euro 16.6 million, compared to 13.8 million in 2014 after Euro 14.8 million of nonrecurring costs relating to the merger with THE-NET-A-PORTER GROUP and non-cash incentive plan costs, net of their related tax effects,
  • Positive net financial position of Euro 62.1 million compared to 31.0 million at 31 December 2014

 

 

“Together as a new Group we achieved revenue growth in excess of 30% and adjusted net income up almost 40% notwithstanding 2015 was a transformational year. This excellent start underlines even further YOOX NET-APORTER GROUP’s power to deliver profitable growth. I’d like to congratulate our global teams for not only delivering on the integration – an innovative challenge in itself – but also ensuring a strong focus on driving results.”

– commented Federico Marchetti, Chief Executive Officer of YOOX NET-A-PORTER GROUP.

 

Milan, 9 March 2016 – The Board of Directors of YOOX NET-A-PORTER GROUP S.p.A. (MTA: YNAP), the world’s leading online luxury fashion retailer, has today examined and approved the 2015 draft financial statements, which will be submitted for approval at the Shareholders’ Meeting and the consolidated financial statements of YOOX NET-A-PORTER GROUP S.p.A. for the financial year ended 31 December 2015 – consisting of YOOX S.p.A. (standalone) consolidated financials for the period 1 January to 4 October 2015 and of YOOX NET-A-PORTER GROUP S.p.A. financials from 5 October 20156, compared to YOOX S.p.A. (standalone) consolidated financials for the financial year ended 31 December 2014.