YOOX NET-A-PORTER GROUP:
Trading Statement for the first quarter to 31 March 20161
NET REVENUES UP 15% AT CONSTANT EXCHANGE RATES 

  • Net revenues of Euro 446.2 million, +14.5% at constant exchange rates (13.8% at current exchange rates) compared with pro-forma1 net revenues of Euro 392.0 million in the first quarter of 2015
    • Multi-brand In-Season up 11.0% at current exchange rates reflecting tough comparatives; strong growth achieved by Multi-brand Off-Season net revenues, up 20.1% at current exchange rates; Gross Merchandise Value of Online Flagship Stores (GMV)2 up 10.3% at current exchange rates
    • Balanced organic performance across all key markets
  • Key Performance Indicators:
    • 29.6 million average monthly unique visitors, compared with 28.3 million in the first quarter of 2015
    • 2.0 million orders, compared with 1.7 million in the first quarter of 2015
    • Euro 324 AOV (Average Order Value) compared with Euro 334 in the first quarter of 2015
    • 2.5 million active customers, compared with 2.2 million in the first quarter of 2015

 

Milan, 12 May 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 the consolidated net revenues and the key performanceindicators for the first quarter ended 31 March 2016, compared with the pro-forma financials related to the same period of the previous year.

As previously announced, starting from this year YOOX NET-A-PORTER GROUP will publish on a voluntary basis interim trading statements on net revenues for the first and third quarters in line with the provisions of the New Transparency Directive (Directive 2013/50/EU), which removes quarterly financial reporting obligations.

YOOX NET-A-PORTER GROUP will continue to publish full half-year and annual reports as usual.

1 Preliminary consolidated financials for the period ended 31 March 2016 of YOOX NET-A-PORTER GROUP (“YNAP”) are compared with pro-forma consolidated financials for the period ended 31 March 2015, which were prepared by aggregating the historical data of YOOX GROUP and of THE NET-A-PORTER GROUP and then carrying out adjustments for the purpose of simulating the economic effects of the merger on the operating performance of YNAP as if such transaction had virtually occurred on 1 January 2015. Historical financial data of YOOX GROUP and of THE NET-A-PORTER GROUP at 31 March 2015 derive, respectively, from the unaudited consolidated interim report of YOOX GROUP at 31 March 2015 and from the unaudited consolidated interim financial statements of THE NET-A-PORTER GROUP at 31 March 2015 prepared in accordance with the accounting principles applicable in the UK; such data was originally expressed in Sterling and for the purpose of being included in the pro-forma financials of YNAP has been converted into Euro and arranged according to the presentation criteria adopted by YOOX GROUP.