By  on April 20, 2018

MILAN — Designer brands contributed to OTB’s growth last year, but one-off tax charges and currency fluctuations dented the group’s 2017 profits and revenues, while operating profit and net financial position spiked.

In the 12 months ended Dec. 31, OTB net profit dropped 21 percent to three million euros from 3.8 million euros in the previous year. The bottom line was affected by one-off tax charges of approximately seven million euros due to regulation changes in the U.S. and Japan.

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