Brief: Global Fashion FY EBIT Loss Widens To EUR 104.7 Mln
08/03/2022 07:08
March 8 (Reuters) - GLOBAL FASHION GROUP SA GFG.DE :
* FY REVENUE UP AT EUR 1.56 BILLION
* FY GROSS PROFIT UP AT EUR 711.5 MILLION
* FY EBIT LOSS WIDENS TO EUR 104.7 MILLION
* FY PERIOD LOSS WIDENS TO EUR 124.8 MILLION
* CURRENTLY UNABLE TO PROVIDE GUIDANCE FOR FY2022
* FY ADJUSTED EBITDA DOWN AT EUR 13.6 MILLION
* WE HAVE SUSPENDED DELIVERIES TO UKRAINE AND ADJACENT
BORDER
AREAS FOR SAFETY REASONS AND ARE NOT TAKING ORDERS FROM
CUSTOMERS IN THESE LOCATIONS
* PLATFORM IN RUSSIA, KAZAKHSTAN AND BELARUS IS OPERATIONAL
AND
ABLE TO TAKE ORDERS, PROCESS PAYMENTS AND COMPLETE DELIVERIES TO
CUSTOMERS
* HAS BEEN OPERATING IN RUSSIA, BELARUS, KAZAKHSTAN AND
UKRAINE
UNDER LAMODA BRAND SINCE 2011 AND CURRENTLY EMPLOYS C.9,000
PEOPLE ACROSS REGION. IN FY 2021, WE SERVED 3.6M ACTIVE
CUSTOMERS WITH 15.2M ORDERS RESULTING IN EUR 862M OF NMV
* NMV IN UKRAINE WAS APPROXIMATELY EUR 12M IN 2021 AND WE
EMPLOY
C.1,000 PEOPLE THROUGH OUR CUSTOMER CONTACT CENTRE THAT SUPPORTS
CIS
Source text for Eikon: ID:nEQcnN8Ja
Further company coverage: GFG.DE
(Gdansk Newsroom)
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