Fashion
GFG Q3 FY20 results: revenue €337 mn; NMV €503 mn
13 Nov `20
2 min read
Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 3.5 per cent revenue growth to €336.5 million in its third quarter (Q3) FY20 ended on September 30, 2020 compared to revenue of €325.1 million in same period last year. Group’s net merchandise value (NMV) for the quarter grew to €503.4 million (Q3 FY19: €433.8 million).
Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 3.5 per cent revenue growth to €336.5 million in its third quarter (Q3) FY20 ended on September 30, 2020 compared to revenue of €325.1 million in same period last year. Group`s net merchandise value (NMV) for the quarter grew to €503.4 million (Q3 FY19: €433.8 million).#
“Q3 was one of our strongest quarters since the start of GFG almost 10 years ago and we are very pleased to have increased NMV by 35 per cent while also improving Gross Margin and Adjusted EBITDA significantly,” Christoph Barchewitz and Patrick Schmidt, co-CEOs of GFG, said in a press release.
Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 3.5 per cent revenue growth to €336.5 million in its third quarter (Q3) FY20 ended on September 30, 2020 compared to revenue of €325.1 million in same period last year. Group`s net merchandise value (NMV) for the quarter grew to €503.4 million (Q3 FY19: €433.8 million).#
Gross profit for the quarter was €149.5 million (€131.5 million). Adjusted EBITDA for Q3 FY20 was €10.3 million compared to loss of €9.1 million in Q3 FY19.
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