Yoox Net-A-Porter Group’s (YNAP) H1 revenues have exceeded €1bn for the first time following a 20%-plus increase in Q2 net revenues.
The group achieved net revenues in the half of more than €1bn, up 19.5% on on organic basis, after Q2 net revenues jumped 20.2%.
Profitability was also strong in the half with EBITDA up 28.1% at €98m and the group said it had achieved “excellent organic performance” across all three business lines in the half. Multi-brand In-Season (which includes Net-A-Porter.com and MrPorter.com net revenues were up 19.8% at €552.9m; Multi-brand Off-Season (which includes Yoox.com and TheOutnet.com) net revenues were up 18.8% at €381.7m; and Gross Merchandise Value of Online Flagship Stores up 23.9% at €99.5m.
Other key performance indicators for the half include: 394.1m site visits, compared with 342.7m in the first half of 2016; 4.5m orders (H1 2016: 3.9m); Average order value €345 (H1 2016 €335); 3m active customers (H1 2016: 2.6m).
Chief executive Federico Marchetti hailed the results as “outstanding”, adding: “This remarkable performance reflects our success in leveraging on strong company cultures to build one group and one team.”
Other milestones reported include the first Online Flagship Store on YNAP’s new technology which Marchetti said allowed for greater personalisation through artificial intelligence and smart data, the signing of a multi-year deal to run the Ferrari online store and the news that mobile sales have exceeded desktop accounting for more than 50% of net sales.