The E-Commerce Group Global Fashion Group SA (GFG) made further progress in profitability in the first quarter of the 2025 financial year. The parent company of the online fashion platforms Dafiti, Zalora and The Iconic announced on Tuesday that it could significantly reduce its operational loss.
In the period from January to March, the group sales were 145.9 million euros. This corresponded to a decline of 1.5 percent compared to the previous year. However, adjusted to change course changes increased the proceeds by 0.9 percent. The net star value (NMV) fell by 1.5 percent to 226.3 million euros, and was met by 1.3 percent due to strong growth in Latin America as well as in Australia and New Zealand.
Thanks to an increase in gross margin from 43.9 to 46.0 percent and successful cost reductions, the loss of interest, taxes and depreciation (EBITDA), which was adjusted for special effects, decreased by almost 36 percent to EUR 10.7 million. The designated loss before interest and taxes (EBIT) decreased from 30.8 to 22.9 million euros.