YNAP to outpace the online luxury market through 2020 leading the mobile revolution to reshape luxury fashion retail
London, 6 July 2016 – YOOX NET-A-PORTER GROUP S.p.A., (MTA: YNAP) (“YNAP”), the world’s leading online luxury fashion retailer, today sets out a compelling strategy to deliver growth over the years 2015 to 2020, as the Group moves to harness the tremendous potential offered by the luxury online retail market.
SIGNIFICANT VALUE CREATION
- Strong annual net revenue growth of 17% to 20% at constant exchange rates1,
- Increase in Adjusted EBITDA2 margin to a range of 11% to 13% by 2020, from 8% in 2015,
- Capital expenditure to progressively reduce to 4% to 5% of net revenues by 2020 upon completion of integration investments,
- Positive free cash flow generation from 2018 onwards.
1 Based on actual average fiscal year 2015 exchange rates