Yoox Net-a-Porter reveals soaring profits and sales

Adjusted EBITDA rose 17% to €156m while sales were up 17.7% to €1.87bn. That growth rose to 19.2% in the fourth quarter, accelerating on the rest of the year.

All business lines saw healthy growth, with in-season revenues up 16%, off-season revenues up 19.5% and with the gross merchandise value of online flagship stores up an impressive 23.7%.

Average monthly unique visitors and order numbers both rose, up from 26.7 million to 28.8 million and 7.1 million to 8.4 million respectively. Actove customer numbers nudged up from 2.5 million to 2.9 million.

One detractor was the fall in average order value, from €352 to €334, which Yoox Net-a-Porter attributed to unfavourable exchange rates.

Chief executive Federico Marchetti said: “In 2016 YNAP consolidated its leading position with a robust performance and growth in profitability.

“We continue to demonstrate our superiority across all the sectors in which we operate. 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.

“Constantly evolving, we are building the luxury retail ecosystem of the future, providing luxury brands with bespoke partnerships.”