Yoox Net-A-Porter Group reports sales of 1 billion euros in the first half of 2017

Sales at Yoox Net-a-Porter Group for the six months to June 30 have hit 1 billion euros for the first time, following a 20.2 percent organic revenue growth in Q2 net revenues.

Releasing its H1 2017 results after the close of the Italian market, YNAP stated that the 1 billion euros was achieved after increases of 19.5 percent on an organic basis, compared with 897 million euros in the first half of 2016.

The sales growth has been driven across all sectors of the business, with “excellent organic performance” across all three business lines, with the multi-brand in-season, which includes Net-A-Porter.com and MrPorter.com, accounted for 53.5 percent of the Group’s consolidated net revenues, recording a 19.8 percent increase to 552.9 million euros.

The multi-brand off season, which includes Yoox.com and TheOutnet.com, achieved net revenues of 381.7 million euros, an increase of 18.8 percent, while online flagship stores, which includes the design, set-up and management for online stores such as Armani.com and Chloe.com, have reported gross merchandise value sales up 23.9 percent to 99.5 million euros.

Net-A-Porter Chloe campaign