Adolfo Domínguez closed the first nine months of its fiscal year, which started in March 2023, in the red. The accumulated losses stood at 2.7 million euros, above the 2.16 million in the same period of the previous year. , as explained by the Galician fashion brand in a statement released this Thursday. It highlights that, despite everything, it sees an improvement since it has had two quarters (from June to November) of positive net results (0.7 million). Sales in the first three fiscal quarters grew by 13.2%, to 83.8 million.
The company attributes the losses to “the seasonality of the sector and the strong investment associated with expansion and digital transformation.” sales on-line of the firm have grown by 25% during the period. Meanwhile, the gross margin has increased to 51.3 million and operating expenses over sales have decreased by one percentage point, to 49.6%. The operating result (ebitda) was 9.7 million, 25.2% more than in the same period of 2022, according to data sent to the National Securities Market Commission.
Sales increased in all the markets in which it is present (356 points of sale in 23 countries) with increases of 10.5% in Europe and 19.9% internationally.
“Sales continue to grow at double digits and we continue to improve our profitability,” highlights Antonio Puente, CEO of the group, in the statement. “We focus on the renewal of our commercial network, with premium locations, while reaching new audiences on-line”. One of the new things that the brand has introduced is that, since autumn, it has had its own clothing rental service.
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