Global Fashion soars after 2021 core profit beats its guidance
08/03/2022 10:29
** Shares in Global Fashion Group GFG.DE rise 22%, set for
their best day since October 2020, after the Luxemburg-based
group posted full-year core profit above its outlook
urn:newsml:reuters.com:*:nASM0002NJ
** Its FY adjusted EBITDA came in at 13.6 million euros
($14.79 million), beating its latest guidance of around 10
million euros urn:newsml:reuters.com:*:nL5N2VB22N
** In addition, the group reported annual revenue of 1.56
billion euros, up 17.2% in constant currency, and gross profit
of 711.5 million euros versus 586.2 million in 2020
** The fashion retailer refrained from providing a guidance
for 2022 due to low visibility
** Global Fashion is the top performer on the German
small-cap index .SDAXI
($1 = 0.9195 euros)
(Reporting by Alexander Kloss)
((alexander.kloss@thomsonreuters.com))