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GFG - Global Fashion SA News Story

€5.84 0.2  3.0%

Last Trade - 11:04am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £903.4m
Enterprise Value £746.6m
Revenue £1.21bn
Position in Universe 372nd / 1038

BRIEF-Global Fashion Group H1 Adj. EBITDA At EUR - 28.8 Mln

Wed 21st August, 2019 7:04am
Aug 21 (Reuters) - GLOBAL FASHION GROUP SA  GFG.DE :
    * DELIVERS STRONG SECOND QUARTER
    * REMAINS CONFIDENT IN ITS OUTLOOK FOR YEAR AND EXPECTS TO
DELIVER
NMV CONSTANT CURRENCY GROWTH OF 20-23%, AND ACHIEVING NMV OF
EUR1.7-EUR1.8BN
    * 2019 REVENUE IS EXPECTED TO EXCEED EUR1.3BN, WHILST
CONTINUING
TO MAKE FURTHER PROGRESS TOWARDS ADJUSTED EBITDA BREAKEVEN
    * WE NOW EXPECT 2019 CAPEX TO BE AROUND EUR80M DUE TO
PHASING
BENEFITS AND RESULTS OF CONTINUOUSLY OPTIMISING OUR ONGOING
INVESTMENT PLANS
    * Q2 NET MERCHANDISE VALUE (NMV) INCREASED 22.7% ON A
CONSTANT
CURRENCY BASIS TO EUR449M
    * Q2 ACTIVE CUSTOMERS GREW BY 14.6% TO 12.0 MILLION
    * Q2 NUMBER OF ORDERS GREW BY 25.4% TO 8.9 MILLION
    * H1 REVENUE AT EUR 603.2 MILLION VERSUS EUR 534.7 MILLION
YEAR
AGO
    * H1 ADJUSTED. EBITDA AT EUR - 28.8 MILLION VERSUS EUR -
30.3 
MILLION YEAR AGO

Source text for Eikon:  ID:nEQ3y38rla 
Further company coverage:  GFG.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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