Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Yoox Net-A-Porter Group
  6. News
  7. Summary
    YNAP   IT0003540470

YOOX NET-A-PORTER GROUP

(YNAP)
SummaryNewsCompany 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

YOOX SpA : PRELIMINARY NET REVENUES FOR THE TWELVE-MONTH PERIOD ENDED 31 DECEMBER 2012

02/06/2013 | 12:40pm EST


PRESS RELEASE YOOX GROUP: NET REVENUES 2012 AT EURO 376 MILLION (+29%) Net revenues in the fourth quarter of 2012 exceeded Euro 100 million for the first time, with Italy showing a significant upturn (+12%)

Milan, 6 February 2013 - The Board of Directors of YOOX S.p.A. (MTA, STAR: YOOX), the global Internet retailing partner for leading fashion & design brands, which met today, examined the preliminary consolidated net revenues 1 of the YOOX Group for the year ended 31 December 2012. Note that the annual results will be examined and approved by the Board of Directors on 5 March 2013.

Consolidated net revenues by business line

In millions of Euros

2012

%

2011

%

Change

% Change

Multi-brand

262.0

69.7%

212.8

73.1%

49.2

+23.1%

Mono-brand

113.9

30.3%

78.4

26.9%

35.5

+45.3%

Total YOOX Group

375.9

100.0%

291.2

100.0%

84.7

+29.1%

Consolidated net revenues by geographical area

In millions of Euros

2012

%

2011

%

Change

% Change

Italy

59.0

15.7%

57.7

19.8%

1.4

+2.4%

Europe (excluding Italy)

180.2

47.9%

141.6

48.6%

38.6

+27.3%

North America

81.5

21.7%

59.7

20.5%

21.8

+36.5%

Japan

31.1

8.3%

19.8

6.8%

11.3

+56.8%

Other Countries

14.6

3.9%

6.1

2.1%

8.5

+139.7%

Not country related

9.5

2.5%

6.3

2.2%

3.2

+51.1%

Total YOOX Group

375.9

100.0%

291.2

100.0%

84.7

+29.1%

Consolidated net revenues for the year 2012

In 2012, the YOOX Group continued to experience strong growth in all its key international markets and in both business lines. 2012 also closed with a positive result for the domestic market, with revenue growth accelerating strongly in the fourth quarter. These results confirm the strength of the Group's business model and the actions implemented during the period to be increasingly close to our partners and end customers.

1 Unaudited preliminary results. Fourth quarter figures are calculated as the difference between the full-year results and the first nine-months results of the same year. Note: For clarity of information, the percentage changes reported in this press release have been calculated using exact figures. Any differences found in some of the tables are due to the rounding of values expressed in millions of Euros.

1

"2012 was a particularly important year for YOOX", commented Federico Marchetti, Founder and CEO of the YOOX Group. "On the one hand, our multi-brand business line continued along its path of sustained growth, while on the other, we further consolidated the foundations for the Group's long-term growth in the mono-brand business line.

"Thanks to the hard work of all the team, net revenues in the year therefore increased quarter after quarter, constantly hitting new peaks and, in the last quarter of the year, exceeding Euro 100 million for the first time in YOOX's history. The mobile channels, smartphones and tablets, in which YOOX has invested right from the start, are becoming increasingly important for the Group: in the Christmas month alone, visits from these channels accounted for around

25% of total traffic.

"The US was once again the Group's no. 1 market, and we were also very pleased with Italy's performance: specifically, in the fourth quarter, our country grew by 12% thanks to a highly successful Christmas campaign and the decision of an increasing number of customers to shop with us".

As of 31 December 2012, the YOOX Group's consolidated net revenues, net of returns and customer discounts, therefore amounted to Euro 375.9 million, up 29.1% from Euro 291.2 million in 2011 (+25.2% at constant exchange rates). In the fourth quarter of 2012, net revenues rose by 26.6% to Euro 109.8 million, compared with Euro 86.8 million in the same period of the previous year (+24.4% at constant exchange rates).
The Multi-brand business line, which includes yoox.com , thecorner.com and shoescribe.com, recorded consolidated net revenues of Euro 262.0 million, an increase of 23.1% compared with Euro 212.8 million at the end of 2011. A significant contribution to this performance came from the growth of yoox.com which experienced a marked acceleration in sales in the fourth quarter and whose Chinese version was also launched during the same period.
2012 was also an extremely positive year for thecorner.com and for shoescribe.com, which, following its launch in
March 2012, is proving to be a destination of choice in the footwear sector.
In the fourth quarter of 2012, net revenues of the multi-brand business line were 25.5% ahead of the previous year at
Euro 75.7 million.
Overall, the Multi-brand business line accounted for 69.7% of the Group's consolidated net revenues as of 31
December 2012.
The Mono-brand business line includes the set-up and management of the online stores of some of the leading global fashion and luxury brands. In 2012, this business line posted consolidated net revenues of Euro 113.9 million, an increase of 45.3% compared with Euro 78.4 million at 31 December 2011 thanks to the performance of both the online stores that were already active at the start of 2012 and those launched during the year.
In the fourth quarter of 2012, net revenues of the Mono-brand business line were Euro 34.1 million, an increase of
29.0% compared with the same period of the previous year. Specifically, some online stores of a significant size were launched in the final months of 2011, and the Group had benefited from higher web marketing, set-up and maintenance fees compared with the fourth quarter of 2012.
Overall, at 31 December 2012, the Mono-brand business line accounted for 30.3% of the Group's consolidated net
revenues with 33 online stores.
In 2012, the Group recorded extremely positive performances in all its key markets.
In particular, North America remained the Group's no. 1 market, with revenues of Euro 81.5 million, corresponding to
21.7% of consolidated net revenues, an increase of 36.5% compared with 2011 (+26.0% at constant exchange rates). In the fourth quarter, the Group recorded net revenues of Euro 25.2 million, up +29.1% compared with the same period of 2011 (+22.7% at constant exchange rates), with revenue growth accelerating from the previous quarter, even though performance was influenced by Hurricane Sandy in the early part of the period.
An extremely positive performance was recorded by Italy, which saw strong growth (+11.8%) in the fourth quarter of
2012. This is due both to the effectiveness of the initiatives implemented during the period and the increasing number
2

of customers who decided to do their Christmas shopping online. Net revenues for Italy in the full year therefore increased by 2.4% compared with 2011.
The Rest of Europe also reported excellent results, with growth of 27.3% in the year, accelerating in the fourth quarter (+29.6%). The main countries that contributed to the Group's revenues in Europe in 2012 were France, Germany and the UK, which all reported improved figures compared with 2011, and Russia, which continued to achieve outstanding results.
Very solid performances were also achieved by Japan, up 56.8% compared with 2011 (+44.8% at constant exchange rates) and Other Countries (+139.7% compared with 2011), driven by China.

***

Pursuant to Article 154-bis, paragraph 2 of the Italian Consolidated Law on Finance, Francesco Guidotti, the Director responsible for preparing the financial statements, certifies that the accounting information contained in this press release corresponds to documentary records and to accounting books and ledger entries.

YOOX Group - Media and Investor Relations Contacts

Ivan Dompé

Financial and Corporate Communication Director


T +39 02 89011300 ivan.dompe@yoox.com

Silvia Scagnelli

Investor Relations Manager


T 39 02 89011300 investor.relations@yoox.com

Image Building

Simona Raffaelli, Emanuela Borromeo

T +39 02 89011300 yoox@imagebuilding.it

YOOX Group

YOOX Group is the global Internet retailing partner for leading fashion & design brands. It has established itself amongst the market leaders with multi-brand online stores yoox.com , thecorner.com and shoescribe.com, as well as with numerous mono- brand online stores, from armani.com to zegna.com, all "Powered by YOOX Group". The Group has also partnered with PPR in a joint venture dedicated to managing the mono-brand online stores of several PPR luxury brands. The Group has offices and operations in Europe, the United States, Japan, China and Hong Kong and delivers to more than 100 countries worldwide. Find out more at www.yooxgroup.com.

3

distributed by

ę Publicnow 2013
All news about YOOX NET-A-PORTER GROUP
2018YOOX NET A PORTER : YNAP and Bloomsbury partner to bring Fashion Video Archive to Educatio..
PU
2018YOOX NET A PORTER : The new Balmain.com
PU
2018YOOX NET A PORTER : Research Highlights Need For Positive Role Models In Inspiring Next Ge..
PU
2018YOOX NET A PORTER : NET-A-PORTER unveils Gucci Kidswear Pop-up Store
PU
2018YOOX NET A PORTER : Voluntary Public Tender Offer for all ordinary Shares of YNAP – ..
PU
2018LVMH targets growing jewellery sales with online boost
RE
2018YOOX NET A PORTER : Voluntary Public Tender Offer for all ordinary Shares of YNAP – ..
PU
2018YOOX NET A PORTER : Voluntary Public Tender Offer for all ordinary Shares of YNAP – ..
PU
2018YOOX NET A PORTER : MR PORTER LAUNCHES “THE LUXURY WATCH GUIDE”
PU
2018YOOX NET A PORTER : Voluntary Public Tender Offer for All Ordinary Shares of YNAP – ..
PU
More news
Analyst Recommendations on YOOX NET-A-PORTER GROUP
More recommendations
Managers and Directors
Geoffroy Lefebvre Chief Executive Officer
Federico Marchetti Chairman
Pete Marsden Chief Technology Officer
Olivier Schaeffer Global Chief Operating Officer
Catherine GÚrardin-Vautrin Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
YOOX NET-A-PORTER GROUP30.29%0
INDITEX6.95%97 924
KERING15.07%95 793
FAST RETAILING CO., LTD.-27.92%60 212
ROSS STORES, INC.-9.97%39 158
HENNES & MAURITZ AB-4.03%28 969