- The luxury etailer reported a 15.2% rise in its first-half EBITDA
- Yoox Net-a-Porter’s sales soared 15.8% during the same period
- The retailer reported a 1.9 million rise in average monthly unique visitors to 28 million
Yoox Net-a-Porter reported a surge in its half-year profits and sales as rising customer numbers offset a decline in average order value.
The global luxury fashion firm, which was established last year with the merger of Yoox and Net-a-Porter, reported a 15.2% surge in adjusted EBITDA to €76.5m (£64.9m) year-on-year in its first-half results to June 30.
The luxury etailer’s sales soared 17% on a constant currency basis to €897m (£761.1m) during the same period, bolstered by a 17% rise in second quarter sales to €450.8m (£382.5m).
Yoox Net-a-Porter delivered these results despite a year-on-year decline in average order value from €354 to €335, which was offset by the number of average monthly visitors rising from 26.1 million to 28 million during the same period.
The luxury etailer, which reported a 26% jump in full-year EBITDA as sales rose 31% to €1.7bn in February, also recorded a rise in active user numbers from 2.3 million last year to 2.6 million this year.
Chief executive Federico Marchetti said Yoox Net-a-Porter had delivered its latest financial results “despite the mixed economic environment”.
“The positive momentum maintained across all our business lines demonstrates the strength of our model and its significant potential for further profitable development,” she added.