YNAP’s core profit margins to rise 30-70 basis points in 2018: CEO to Reuters

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MILAN (Reuters) – Core profit margins at Yoox Net-A-Porter (YNAP) (YNAP.MI) will rise by 30-70 basis points in 2018 and growth at the luxury online retailer will be boosted by mobile sales and those in the Middle East, the group’s chief executive said on Tuesday.

Federico Marchetti, CEO of online clothing retailer Yoox Net-A-Porter speaks during a news conference at the unveiling of the company Tech Hub premises at White City in London Britain June 27, 2017. REUTERS/Toby Melville

“(The results) in 2017 and the outlook for 2018 put us on track to meet our five-year plan target and we expect an improvement in adjusted EBITDA margin between 30-70 basis points this year,” CEO Federico Marchetti told Reuters in an interview ahead of the group’s full-year results.

Reporting by Giulia Segreti