YOOX NET-A-PORTER Group Q3 revenues up 17.7%

Luxury omnichannel business YOOX NET-A-PORTER (YNAP) has posted a 17.7% rise in Q3 revenues to €481.8m and says it has achieved good organic growth across all three of its business lines.

Multi-brand In-Season (which includes NET-A-PORTER.com and MR PORTER.com) net revenues were up 16.8% to €235.9m; Multi-brand Off-Season (YOOX.com and THE OUTNET.com) net revenues were up 17.4% at €203.6m; while Gross Merchandise Value of Online Flagship Stores (those online stores YNAP operates on behalf of other luxury brands) were up 24.8% at €42.3m.

The UK achieved a 13.2% growth in sales during the quarter to €63.8m while Italy was up 7.1% at €34.1m. The rest of Europe was up 27.9% at €134.7m, North Americas was up 28.8% at €138.6m with APAC up 17.1% at €82.2m. The rest of the world was up 5.9% at €28.5m.

Nine month total revenues for the business were up 18.6% on an organic basis at €1.516bn.

Chief executive Federico Marchetti said the "solid organic growth" was "nicely balanced" across the business and said he was particularly excited about MR PORTER's launch of its own label Mr P. "Driven by seven years of customer insights and data, together with the impressive know-how of our buyers and our editors, the Mr P. collection is built around a range of essentials. The label draws its strength from our unmatchable vantage point," he said.