GFG Q1 FY19 result: revenue grows 4.1% to €271 million

Fashion

GFG Q1 FY19 result: revenue grows 4.1% to €271 million

15 May `20

2 min read

Global Fashion Group (GFG), the leading online fashion and lifestyle destination, posted 4.1 per cent revenue growth to €271.4 million in first quarter (Q1) FY20 ended on March 31, 2020 compared to revenue of €260.7 million in same period prior year. Net Merchandise Value (NMV) increased 9.2 per cent to €372.1 million (Q1 FY19: €340.8 million).

Global Fashion Group (GFG), the leading online fashion and lifestyle destination, posted 4.1 per cent revenue growth to €271.4 million in first quarter (Q1) FY20 ended on March 31, 2020 compared to revenue of €260.7 million in same period prior year. Net Merchandise Value (NMV) increased 9.2 per cent to €372.1 million (Q1 FY19: €340.8 million).#

“While the group was trading in line with management expectations until mid-March, GFG’s Q1 results were negatively impacted across each of the regions at different times by the Covid-19 pandemic, and by currency headwinds that resulted in a drag on NMV of around €20 million,” Christoph Barchewitz and Patrick Schmidt, co-CEOs of GFG, said in a press release.

Global Fashion Group (GFG), the leading online fashion and lifestyle destination, posted 4.1 per cent revenue growth to €271.4 million in first quarter (Q1) FY20 ended on March 31, 2020 compared to revenue of €260.7 million in same period prior year. Net Merchandise Value (NMV) increased 9.2 per cent to €372.1 million (Q1 FY19: €340.8 million).#

Gross profit during the quarter was €110.1 million (€98.1 million). Capex during Q1 FY20 was €17.1 million (€11.8 million).

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