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YNAP sales hit €1bn for the first time

Sales at Yoox Net-a-Porter group for the six months to 30 June have hit €1bn (£896m) for the first time, up 19% on the same period last year, driven by growth across all sectors of the business.

The etailer delivered growth across its three arms of the business: in-season was up 19%, off-price was up 21% and hosting websites for brands was up 23% during the half year, compared with2016.

First-half adjusted EBITDA was up 28% to €98m (£88m), while adjusted net profit edged up €1m to €38m (£34m).

During the period the business had 394.1 million visits, compared with 342.7 million in the first half of 2016, and received 4.5 million orders, compared with 3.9 million in 2016.

The average order spend dropped to €345 (£309) from €355 (£318) in 2016.

Mobile sales now exceed desktop, and account for more than 50% of net sales.

In the three months to 30 June sales were up 20% to €519m (£465m) and the business reported “solid growth” in all key markets. The US and Asia-Pacific were the fastest-growing regions.

Federico Marchetti, chief executive, said: “This remarkable performance reflects our success in leveraging on strong company cultures to build one Group and one team. Thank you to the 4,315 talents who share the same ambition and collaborative spirit, bringing their best to our customers every day.

”We just hit another important milestone in our integration plan, with the launch of the first online flagship store on our new state-of-the-art technology. This enables us to deliver far greater personalisation through artificial intelligence and smart data.” 

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