Please note that the data below are pro-forma financial information for the fiscal year ending 31 December 2014 in order to simulate the potential effects of the Merger on the YOOX Group’s financial and economic position as if such transaction had actually taken place at the start of fiscal year 2014 (1st January 2014). To this end, in view of the particular features of the historical data of Largenta UK and the NET-A-PORTER GROUP, certain initial activities had to be undertaken to enable the pro-forma figures of the YOOX Group to be calculated. These were the conversion of the historical data of the Transferor’s subsidiaries from UK accounting principles (UK GAAP) to IFRS (International Financial Reporting Standards) and the re-statement of these figures according to the financial statement schemes used by YOOX (for more information please see Sections 5.6.2 and 5.6.3 of the Informative Document published on this website in the section Investor Relations / Merger YOOX GROUP THE NET-A-PORTER GROUP at this link). To do this, assumptions over and above those traditionally used for preparing proforma statements had to be formulated.

As a result, it should be paid close attention to the fact that the pro-forma figures, by their very nature (i.e. figures based on assumptions), are not to be considered representative of the results that would have been obtained if the Merger had actually taken place at the reference date.

FY 2014

Financials (€ million)

 

 € Million

Net Revenues

1,272.3

Adjusted EBITDA (1)

106

Adjust EBIT (2)

59.0

Key Performance Indicator (3)

Monthly Unique Vistors (millions)

24.2

Average Order Value – AOC (Euro)

318

Orders (millions)

5.8

Active customer (millions)

2.1

 

(1) “Adjusted EBITDA” is defined as earnings before depreciation and amortisation, non-recurring expenses, income/loss from investment in associates, financial income and expenses and income taxes as well as before non-cash costs relating to Stock Option Plans and company incentive schemes as far as YOOX is concerned and the share-based incentive plans used by the Largenta UK Group and related tax effects.

(2) “Adjusted EBIT” is defined as the consolidated operating profit for the period before non-cash costs relating to the Stock Option Plans and company Incentive Plans as far as YOOX is concerned and the share-based incentive plans used by the Largenta UK Group and related tax effects.

(3) All data refer to calendar year 2014 and are calculated as the sum of the two corresponding figures of YOOX Group and THE NET-A-PORTER GROUP except for AOV. Number of Active Customers related to YOOX Net-A-Porter Group calculated as the sum of the two corresponding Active Customer figures in calendar year 2014. An Active Customer is defined as a customer who has placed at least one order in the 12 preceding months.

Consult the Financial Data Archive of YOOX S.p.A