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Investegate | Global Fashion Group SA (0A5H) Announcements

MORNING BRIEFING - Deutschland/Europa

DJ MORNING BRIEFING - Deutschland/Europa Der Markt-Überblick am Morgen, zusammengestellt von Dow Jones Newswires. +++++ TAGESTHEMA +++++ Die US-Notenbanker haben bei der Ratssitzung im Juli

MORNING BRIEFING - Deutschland/Europa -2-

DJ MORNING BRIEFING - Deutschland/Europa Der Markt-Überblick am Morgen, zusammengestellt von Dow Jones Newswires. +++++ TAGESTHEMA +++++ Die US-Notenbanker haben bei der Ratssitzung im Juli

Investegate |Global Fashion Group S A Announcements | Global Fashion Group S A : GLOBAL FASHION GROUP DELIVERS FIRST ADJ EBITDA POSITIVE YEAR, Q4 NMV UP 29%

- Marketplace NMV grew by 89% yoy, achieving 32% participation (Q4/19: 22%) - Gross Margin 44.0% (Q4/19: 40.4%) - Pro-forma 3 cash balance at 31 December of €372m, an increase of €91m in the quarter, bolstered by the €120m share placing in November - Continued strong Active Customer growth, up 24.6%, with NMV per Active Customer up 0.9% to €120.3 FY 2020 Highlights (growth rates at constant currency) - - First Adj. EBITDA positive year with €16.4m, and a margin of 1.2% Christoph Barchewitz and Patrick Schmidt, Co-CEOs of GFG, said: FY 2020 was GFG s first profitable year, on an Adj. EBITDA basis. This milestone and our continued like-for-like NMV growth is a testament to our leading position as the only online fashion and lifestyle-focused platform operating at scale in our markets, where we have continued to act as brands partner of choice. Performance this quarter was driven by a record increase in Active Customers, as ecommerce adoption continues to accele

MORNING BRIEFING - Deutschland/Europa -2-

MORNING BRIEFING - Deutschland/Europa -2-
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