Brief: Global Fashion Group Q2 Loss Narrows To EUR 8.6 Million

Global Fashion SA

20/08/2020 07:08

Aug 20 (Reuters) - Global Fashion Group SA  GFG.DE :
    * DGAP-NEWS: GLOBAL FASHION GROUP DELIVERS HIGH GROWTH AND
PROFITABLE, CASH FLOW POSITIVE SECOND QUARTER
    * Q2 ADJUSTED EBITDA PROFITABILITY OF EUR 9.5M, A MARGIN OF
2.8%,
BREAKING EVEN FOR SECOND TIME
    * Q2 ORDERS GREW BY 18.8% TO 10.6M, WITH A 3.3% INCREASE IN
AVERAGE ORDER VALUE, AND CUSTOMER FREQUENCY OF 2.5 TIMES PER
YEAR
    * SEES 2020 CONSTANT CURRENCY NMV GROWTH OF C.20% DELIVERING
C.EUR
1.9 BILLION NMV AND C.EUR 1.3 BILLION OF REVENUE
    * GFG ALSO EXPECTS TO APPROACH BREAKEVEN WITH RESPECT TO
2020
ADJUSTED EBITDA, CAPEX INVESTMENT WILL BE NO MORE THAN EUR 45
MILLION
    * Q2 LOSS FOR PERIOD EUR 8.6 MILLION VERSUS LOSS EUR 26.7
MILLION
YEAR AGO

Source text for Eikon:  ID:nEQ42lryTa 
Further company coverage:  GFG.DE 

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