Global Fashion Group accelerates: grows 15% in the first quarter

Global Fashion Group picks up pace in the first quarter. The company, which manages the e-commerce platforms Dafiti, Zalora, Lamoda and The Iconic and is owned by Rocket Internet and Kinnevik, among other investors, closed the first quarter of the year with a turnover of 261 million euros, a 15,1% more than in the same period of the previous year.

In parallel, the company has published that is carrying out a financial plan, with the aim of reducing its lost benefits and reaching break even. The operating result (ebitda) of the group has reduced its losses by a 9,8% in the established period, registering red numbers for the value of 25,5 million euros.

Asia Pacific was the region where the group registered a better performance, with a growth of 19,2%, reaching the amount of 92,4 million euros. In Latin America, Global Fashion Group's revenues have increased by 16%, arriving to 80 million euros, while in Eastern Europe, the company's sales experienced a growth of a 13%, getting to 86 million euros.

In the first quarter of the annual exercise, Global Fashion Group increased the number of active consumers by a 14,5% up to 11 million. On the other hand, the number of orders had a rise of 26,8% in that period, reaching to a quantity of 6,9 million.