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Italian etailer Yoox delivers jump in EBITDA

Italian etailer Yoox delivered a 33% jump in EBITDA as the company posted an “extremely positive performance” in all its key markets.

Revenues soared by 29.1% in the year to December 31 to €375.9m (£324.8m) as the company boasted an excellent performance across all key markets. EBITDA jumped 33.2% to €32.1m (£27.7m).

The number of monthly unique visitors rose 24.5% to 13m in 2012, while the number of active customers increased by 17.2% to 947,000.

The retail group also sets-up and manages the online stores of some luxury brands including Pringle of Scotland and Alexander Wang. During the year this arm saw net revenues rise 45.3% to €113.9m (£98.4m).

Founder and chief executive Federico Marchetti said: “In 2012 we achieved strong results, thanks to the extraordinary efforts of all our people across both business lines. We have an outstanding team, which worked with great passion in all our key markets. We are now further strengthening it, adding new talents and competences that will support future, sustained growth of the group”,

He added: “I therefore believe that 2013 can be another successful year, during which we must continue to focus on the impeccable execution of projects currently on-going with all of our partners and to focus even more on our customers, with the goal of always providing them with the best possible shopping experience on all channels.”

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