Net sales at Yoox Net-a-Porter Group (YNAP) rose 17.7% to €1.9bn (£1.6bn) for the year to 31 December, following a “sound” performance across all sections of the business.
Sales of in-season stock were up 13%, while off-price was up 19.5% in constant currency, compared to 2015.
In the three months to the end of December, net sales were up 19.2% to €538m (£461m). Sales of in-season stock were up 17.6% while off-price was up 16.3% on last year.
During the year YNAP had 28.8 million average monthly unique visitors, up from 26.7 million in 2015.
However, the average order value decreased from €352 (£301) in 2015 to €334 (£286) in 2016 due to unfavourable exchange rates.
Federico Marchetti, chief executive of YNAP, said the results demonstrateed the group’s ”ability to deliver growth while investing in [its] future”, adding: “The rapid execution of our group’s combined ecosystem is laying the foundations for a leading, solid, long-term business.”