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

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.

“(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.