NMV

EQS-News: Correction of a release from 06/03/2024, 08:00 CET/CEST - GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS

Retrieved on: 
Wednesday, March 13, 2024
Marketing, Growth, Adjustment, GFG, ANZ, Correction, NMV, Gross margin, Environment, Retail

Correction of a release from 06/03/2024, 08:00 CET/CEST - GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS

Key Points: 
  • Correction of a release from 06/03/2024, 08:00 CET/CEST - GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS
    The issuer is solely responsible for the content of this announcement.
  • As a result, we achieved Adjusted EBITDA breakeven in Q4, and maintained a healthy Gross Margin.
  • However, GFG partially offset this volume impact by maintaining growth in Average Order Value, increasing 6.9% in Q4.
  • This guidance reflects ongoing market challenges which have been observed in similar topline trends in the first two months of 2024 compared to Q4 2023.

EQS-News: GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS

Retrieved on: 
Wednesday, March 13, 2024
Marketing, Growth, Adjustment, GFG, ANZ, NMV, Gross margin, Environment

Luxembourg, 6 March 2024 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, demonstrated resilience in executing its strategic initiatives amidst market headwinds to achieve breakeven Adjusted EBITDA and a Gross Margin improvement in Q4.

Key Points: 
  • Luxembourg, 6 March 2024 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, demonstrated resilience in executing its strategic initiatives amidst market headwinds to achieve breakeven Adjusted EBITDA and a Gross Margin improvement in Q4.
  • As a result, we achieved Adjusted EBITDA breakeven in Q4, and maintained a healthy Gross Margin.
  • However, GFG partially offset this volume impact by maintaining growth in Average Order Value, increasing 6.9% in Q4.
  • This guidance reflects ongoing market challenges which have been observed in similar topline trends in the first two months of 2024 compared to Q4 2023.

EQS-News: GLOBAL FASHION GROUP REPORTS Q3 2023 RESULTS

Retrieved on: 
Thursday, December 14, 2023
Pressure, EBITDA, GFG, NMV, ANZ, Cost, Marketplace, Growth, Convertible bond, Security (finance), SEA, LATAM, Q3

Luxembourg, 9 November 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to strategically position itself for a return to growth, underpinned by ongoing efficiency measures and cost initiatives.

Key Points: 
  • Luxembourg, 9 November 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to strategically position itself for a return to growth, underpinned by ongoing efficiency measures and cost initiatives.
  • This includes our transition to a robust platform business and emphasis on driving technology-enabled efficiency through reducing costs and complexity.
  • In Q3 2023, GFG’s Net Merchandise Value (NMV) and Revenue were down 19.4% and 25.0% yoy respectively.
  • Due to market challenges, the Group streamlined the LATAM business and decided to close operations in Argentina, which accounted for 4% of Group NMV and 3% of Revenue in H1 2023.

EQS-News: GLOBAL FASHION GROUP REPORTS Q2 2023 RESULTS

Retrieved on: 
Thursday, August 10, 2023
GFG, Growth, BAE Systems Platforms & Services, EBITDA, Acquisition, GDP, Environment, Marketing, NMV, ANZ, Cryptocurrency, Retail, LATAM, SEA

Luxembourg, 10 August 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to execute cost action plans to adapt to challenging market conditions and improve performance going forward.

Key Points: 
  • Luxembourg, 10 August 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to execute cost action plans to adapt to challenging market conditions and improve performance going forward.
  • These improvements will grow our platform and are adapted to our current focus on careful cost and inventory management.
  • We are confident in our ability to navigate these challenges and in building long-term value for our customers, partners and shareholders.”
    In Q2 2023, GFG delivered NMV of €346.5 million, down 14.7% yoy.
  • Expectations for the full year 2023 are unchanged from the guidance issued in our announcement on 26 July 2023.

EQS-News: GLOBAL FASHION GROUP REPORTS Q1 2023 RESULTS

Retrieved on: 
Friday, April 28, 2023
Science, Growth, GFG, Order, EBITDA, Capital market, Marketing, NMV, Bank, Fine chemical

The outlook reflects the demand environment and near term de-prioritisation of growth to protect cash flow and improve profitability.

Key Points: 
  • The outlook reflects the demand environment and near term de-prioritisation of growth to protect cash flow and improve profitability.
  • In the first quarter of 2023, we saw a continuation of Q4 2022’s trends with some additional Gross Margin investment.
  • GFG’s NMV fell by 6.7% yoy to €303.3 million in Q1, driven by Order volumes down 19.1% and Active Customers down 17.7%.
  • While macroeconomic uncertainty continues, GFG is managing inventory carefully and has reduced inventory levels by €31 million compared to last year.

EQS-News: GLOBAL FASHION GROUP REPORTS Q4 AND FY 2022 RESULTS

Retrieved on: 
Thursday, March 16, 2023
COVID, Gross margin, GFG, SEA, NMV, Capital market, SES Platform Services, Saskatchewan River Sturgeon Management Board, Investment, EBITDA, ANZ, Environment, Growth, Marketing, CET, Self storage, Retail, LATAM, Q4

In 2023, GFG expects to deliver NMV growth of (5)-0%, c.€1.5-1.6 billion in NMV, and c.€1.0 billion of Revenue, all on a constant currency basis.

Key Points: 
  • In 2023, GFG expects to deliver NMV growth of (5)-0%, c.€1.5-1.6 billion in NMV, and c.€1.0 billion of Revenue, all on a constant currency basis.
  • Adjusted EBITDA margin is expected to be (3)-(1)%, improving profitability year-on-year, while actively managing costs.
  • In the first two months of the year we have seen a continuation of Q4 trading trends.
  • Reflecting the lower demand environment, GFG delivered NMV of €452.3 million in Q4, (6.9)% yoy, driven by order volumes, down 18.2% and Active Customers down 16.5%.

EQS-News: GLOBAL FASHION GROUP REPORTS Q3 2022 RESULTS

Retrieved on: 
Friday, November 11, 2022
Marketing, AOV, FX, Investment, Convertible bond, Group, ANZ, Environment, NMV, Efficiency, ADJ, Uncertainty, EBITDA, CIS, Marketplace, Pro forma, GFG, Growth, Industry, Retail, LATAM

With over 800 million consumers projected to spend around 230 billion on fashion and lifestyle products in GFGs markets this year, we remain confident in the significant opportunity ahead.

Key Points: 
  • With over 800 million consumers projected to spend around 230 billion on fashion and lifestyle products in GFGs markets this year, we remain confident in the significant opportunity ahead.
  • GFGs outlook is impacted by the macroeconomic backdrop dampening consumer spend and elevated levels of uncertainty over the Groups peak trading period.
  • In Q3, GFG delivered NMV of 399.0 million, up by 1.7% yoy despite the challenging market conditions.
  • The Group adapted to the subdued levels of demand with a focus on inventory levels and actions on costs to preserve profitability.

GreyOrange Provides e-Commerce Retailer Dafiti with Intelligent Fulfillment Orchestration Platform

Retrieved on: 
Thursday, November 3, 2022
Growth, COO, GLOBE, Efficiency, Automation, NMV, CEO, Intelligence, Risk, Partnership, Greymatter (software), Ecosystem, RMS, Solution, Warehouse, Retail

ATLANTA, Nov. 03, 2022 (GLOBE NEWSWIRE) -- GreyOrange , a global leader in automated robotic fulfillment and inventory optimization software, today announced an agreement with Dafiti, the leading fashion e-commerce platform in Latin America, to enhance warehouse productivity for Dafitis operations in Chile through the GreyOrange intelligent fulfillment orchestration platform, GreyMatter, in partnership with Sistemo.

Key Points: 
  • ATLANTA, Nov. 03, 2022 (GLOBE NEWSWIRE) -- GreyOrange , a global leader in automated robotic fulfillment and inventory optimization software, today announced an agreement with Dafiti, the leading fashion e-commerce platform in Latin America, to enhance warehouse productivity for Dafitis operations in Chile through the GreyOrange intelligent fulfillment orchestration platform, GreyMatter, in partnership with Sistemo.
  • GreyOrange partnered with Sistemo , the premier South American consulting and implementation firm for smart fulfillment solutions, to help Dafiti serve customers faster through increased fulfillment throughput using RMS robots.
  • As our partnership grows with Dafiti, GreyMatter's ability to integrate additional automation solutions alongside RMS will enable the increased flexibility and scalability Dafiti requires.
  • Disrupting and re-defining fulfillment, GreyOrange Inc. provides a state-of-the-art hardware agnostic fulfillment orchestration platform, GreyMatter, that responds to customer orders in real time as well as proprietary and certified third-party hardware.

DGAP-News: GLOBAL FASHION GROUP REPORTS Q2 2022 RESULTS

Retrieved on: 
Thursday, August 18, 2022
People, ANZ, Convertible bond, Science, Growth, EUR, Investment, COVID, RUB, Group, Euro, NPS, Marketing, EBITDA, Pro forma, Frequency, GFG, NMV, Pressure, CIS, AOV, FX, SEA, Video game, Retail, LATAM

We remain confident in our strategy and the long-term opportunity as we continue to develop our business as the leading online fashion & lifestyle destination in growth markets.

Key Points: 
  • We remain confident in our strategy and the long-term opportunity as we continue to develop our business as the leading online fashion & lifestyle destination in growth markets.
  • All ranges provided are based on FX rates per the end of Q2 except for a planning RUB to EUR exchange rate of 70.
  • The Group has 16.2 million Active Customers, down 4.6% yoy reflecting subdued demand and the reduced levels of marketing investments.
  • The Group released its 2021 People & Planet Positive Report in April which includes GFGs 2021 achievements and Science Based Targets that were approved in May.

DGAP-News: GLOBAL FASHION GROUP DELIVERS 23% NMV GROWTH IN Q1 2022

Retrieved on: 
Tuesday, April 26, 2022
People, CIS, Lifting, NMV, ANZ, CAGR, Group, Frequency, Convertible bond, SEA, Net income, Pro forma, Uncertainty, Growth, Science, Employment, LATAM, GFG, Communication, Investment, Safety, COVID, Retail, Pharmaceutical industry, Mobile phone, Risk management, Security (finance), Bank, Marketplace, Retail

EBITDA Margin (3.2)% (Q1/21: (3.8)%)

Key Points: 
  • EBITDA Margin (3.2)% (Q1/21: (3.8)%)
    Christoph Barchewitz and Patrick Schmidt, Co-CEOs of GFG, said:
    "We release our Q1 2022 results in difficult times.
  • While this context has made for an unsettling start to the year, our team has delivered good Q1 results.
  • Our customer and financial metrics continued to develop positively and we remain confident in achieving our long-term strategy as the leading fashion & lifestyle destination in growth markets."
  • Conversely, ANZ benefitted from the lifting of restrictions and the growth in "going out" categories delivering strong NMV growth of 28%.