Global Fashion Group S.A.
GFG
ISIN LU2010095458 / Valor 48524147
Global Fashion Group S.A.
UMushroom community rating:
About company
Global Fashion Group S.A. is a prominent fashion and lifestyle destination operating in 11 countries across Latin America, Southeast Asia, and Australia and New Zealand. Established in 2011, the company runs three ecommerce platforms - Dafiti in LATAM, ZALORA in SEA, and THE ICONIC in ANZ. These platforms offer customers and brand partners a convenient one-stop shop experience with a diverse range of products and services.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Revenue Decline
Global Fashion Group S.A. reported a revenue decrease of 18.8% in Q1 2024 compared to the same quarter in the previous year. This decline reflects ongoing demand pressures and lower traffic and conversion rates across its platforms.
Net Merchandise Value
In Q1 2024, Global Fashion Group S.A. achieved a Net Merchandise Value (NMV) of €238.8 million, representing a 16.5% year-over-year decrease. The decline in NMV was primarily due to reduced consumer spending and intense competition in key markets.
Gross Margin Improvement
Despite the revenue decline, Global Fashion Group S.A. saw an improvement in its gross margin, which increased to 44.0% in Q1 2024 from 41.0% in Q1 2023. This improvement was driven by better retail margins and growth in marketplace and platform services.
Adjusted EBITDA Margin
Global Fashion Group S.A. reported an adjusted EBITDA margin of (11.3)% for Q1 2024, an improvement from (12.1)% in Q1 2023. The margin gains were attributed to strategic marketing investments and cost efficiency measures, although fixed cost deleverage partially offset these gains.
Cash Position
At the end of Q1 2024, Global Fashion Group S.A. had a pro-forma cash position of €320.8 million and a pro-forma net cash position of €135.5 million. The company continues to focus on cost efficiency and cash flow improvements to build a financially sustainable business.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
50 M
Market cap (USD)
59,797
Daily traded volume (Shares)
0.23 / 0.215
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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