{"id":158846,"date":"2017-03-02T09:53:32","date_gmt":"2017-03-02T09:53:32","guid":{"rendered":"https:\/\/www.theindustry.fashion\/ynap-sales-edge-toward-e2bn-after-12-4-growth\/"},"modified":"2021-08-12T13:45:01","modified_gmt":"2021-08-12T13:45:01","slug":"ynap-sales-edge-toward-e2bn-after-12-4-growth","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/ynap-sales-edge-toward-e2bn-after-12-4-growth\/","title":{"rendered":"YNAP sales edge toward \u20ac2bn after 12.4% growth"},"content":{"rendered":"<p>YNAP (Yoox Net-A-Porter Group) net revenues increased by a reported 12.4% (17.7% on an organic basis) in 2016 taking them just shy of the \u20ac2bn mark at<strong> \u20ac1.87bn<\/strong>.<\/p>\n<p><!--more--><\/p>\n<p>Sales at the luxury ecommerce giant<strong> accelerated in the final quarter of the year by 19.2%<\/strong> on an organic basis compared to 17.1% during the first nine months of the year. EBITDA for the full year was up 13.4% at \u20ac143m.<\/p>\n<p>CEO Federico Marchetti said the group had consolidated its market leading position and was reaping the rewards of its long-term strategy to create the \"<strong>luxury retail eco-system of the future<\/strong>\".<\/p>\n<p>\"We continue to <strong>demonstrate our superiority across all the sectors<\/strong> in which we operate,\" he said. \"Our unique service, unbeatable product selection, outstanding content and continuous innovation make us the first destination of choice for customers who trust us as a leading fashion authority.\"<\/p>\n<p>Multi-brand In Season (which includes <a href=\"http:\/\/www.netaporter.com\" target=\"_blank\" rel=\"noopener\">Net-A-Porter.com<\/a> and <a href=\"http:\/\/www.mrporter.com\" target=\"_blank\" rel=\"noopener\">MrPorter.com<\/a>) achieved sales growth of 51.8% in the year hitting \u20ac968.6m, while Off Season (<a href=\"http:\/\/www.yoox.com\" target=\"_blank\" rel=\"noopener\">Yoox.com <\/a>and <a href=\"http:\/\/www.theoutnet.com\" target=\"_blank\" rel=\"noopener\">TheOutnet.com<\/a>) was up 37.2% at \u20ac696.8m. Its Flagship Stores division, which runs the ecommerce sites of a number of luxury brands from Armani to Isabel Marant, achieved sales of \u20ac205.3m, up 11%.<\/p>\n<p>UK full year net revenues were up 15.3% on a constant currency basis at \u20ac269.9m and recovered in the final quarter after a softer second and third quarter due to jitters surrounding the Brexit vote. Its largest market, North America, was up 14.1% on a reported basis at \u20ac573.9m.<\/p>\n<p>Earlier this week it was revealed that Net-A-Porter founder Dame Natalie Massenet, who left the business following its merger with Yoox in September 2015, <a href=\"https:\/\/www.theindustry.fashion\/\/farfetch-confirms-will-working-dame-natalie-massenet\/\">had joined YNAP rival Farfetch as non-executive co-chairman<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"page\" title=\"Page 2\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[9772,9900,9773,9774,9899,10314,9775,10353],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>YNAP sales edge toward \u20ac2bn after 12.4% growth - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"YNAP (Yoox Net-A-Porter Group) net revenues increased by a reported 12.4% (17.7% on an organic basis) in 2016 taking them just shy of the \u20ac2bn mark at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/ynap-sales-edge-toward-e2bn-after-12-4-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YNAP sales edge toward \u20ac2bn after 12.4% growth - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"YNAP (Yoox Net-A-Porter Group) net revenues increased by a reported 12.4% (17.7% on an organic basis) in 2016 taking them just shy of the \u20ac2bn mark at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/ynap-sales-edge-toward-e2bn-after-12-4-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-02T09:53:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-12T13:45:01+00:00\" \/>\n<meta name=\"author\" content=\"Lauretta Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauretta Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/ynap-sales-edge-toward-e2bn-after-12-4-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/ynap-sales-edge-toward-e2bn-after-12-4-growth\/\"},\"author\":{\"name\":\"Lauretta Roberts\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\"},\"headline\":\"YNAP sales edge toward \u20ac2bn after 12.4% growth\",\"datePublished\":\"2017-03-02T09:53:32+00:00\",\"dateModified\":\"2021-08-12T13:45:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/ynap-sales-edge-toward-e2bn-after-12-4-growth\/\"},\"wordCount\":279,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Federico Marchetti\",\"Mr Porter\",\"Natalie Massenet\",\"NET-A-PORTER\",\"The Outnet\",\"YNAP\",\"Yoox\",\"YOOX NET-A-PORTER Group\"],\"articleSection\":[\"Finance\",\"News &amp; 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