MILAN — Foreign currency exchange rates and increased amortization on higher capital expenditures in IT and logistics dented Yoox Net-a-porter Group’s bottom line, although the e-tailer reported growth in revenues and adjusted earnings before interest, taxes, depreciation and amortization in 2017, fueled by all business channels in all regions.
Net profit decreased 26.1 percent to 51.2 million euros, compared with 69.3 million euros in 2016.
In the 12 months ended Dec. 31, adjusted EBITDA rose 8.6 percent to 169.2 million euros, compared with 155.7 million euros in the year before.
Preliminary sales reported in January were confirmed, showing an increase of 11.8 percent to 2.1 billion euros compared with revenues of 1.87 billion euros in 2016. On an organic basis, sales were up 16.9 percent.