Home / Knowledge / News / Fashion / Yoox Net-A-Porter sets ambitious financial targets
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

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search