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Yoox Net-A-Porter sets ambitious financial targets
08
Jul '16
Online luxury fashion retailer Yoox Net-A-Porter has set ambitious financial targets till 2020 in order to harness the tremendous potential offered by the online luxury retail market.

The online retailer expects strong annual net revenue growth of 17-20 per cent at constant exchange rates and increase in adjusted EBITDA margin to between 11 and 13 per cent by 2020, from 8 per cent in 2015.

Yoox Net-A-Porter also projects to progressively reduce capital expenditure to 4-5 per cent of net revenues by 2020, upon completion of integration investments and positive free cash flow generation 2018 onwards.

The retailer is embarking on an ambitious plan to significantly grow its share of global luxury goods sales through enhanced conversion, customer engagement and retention driven by accelerated shift to mobile.

It will also ensure strong growth of high value customer base, through a combination of a uniquely captivating product offers, personalised marketing, creative content and impeccable service.

It will also offer enriched product offers with launch of fine jewellery and watches in the in-season business, which is set to grow to €100 million and private label in the off-season business.

The company aims to undertake robust international expansion coupled with strengthened leading position in the US, achieve full presence in the Middle East and further expansion in China and rest of APAC.

“I am confident that by 2020, we will not only reflect on five years of strong growth in revenues and profitability but we will also have positioned us, technologically at the forefront,” CEO Federico Marchetti said. (AR)

Fibre2fashion News Desk - India

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