GFG Q2 FY20 result: revenue €336 mn; NMV up €488 mn

Fashion

GFG Q2 FY20 result: revenue €336 mn; NMV up €488 mn

20 Aug `20

2 min read

Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 1.8 per cent revenue decline to €336.1 million in its second quarter (Q2) FY20 ended on June 30, 2020 compared to the revenue of €342.4 million in same period last year. Goup’s net merchandise value (NMV) for the quarter grew to €488.3 million (Q2 FY19: €449.4 million).

 

Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 1.8 per cent revenue decline to €336.1 million in its second quarter (Q2) FY20 ended on June 30, 2020 compared to the revenue of €342.4 million in same period last year. Goup`s net merchandise value (NMV) for the quarter grew to €488.3 million (Q2 FY19: €449.4 million).#

“Another strong quarter for GFG. Fashion & lifestyle e-commerce continues to accelerate across our markets helping us execute against our strategic priorities even faster. While focusing on health and safety, we delivered our second profitable quarter, with record growth across active customers, gross margin and marketplace,” Christoph Barchewitz and Patrick Schmidt, co-CEOs of GFG, said in a press release.

 

     Favourite      Print this story  Comments  Submit Press Release