The E-Commerce Group Global Fashion Group SA (GFG) made further progress in the result in the second quarter of 2025. This is evident from current figures that the parent company of the online fashion platforms Dafiti, Zalora and The Iconic presented on Thursday.
In the period from April to June, the group turnover was 163.4 million euros. This corresponded to a decline of 8.4 percent compared to the previous year. Adjusted to change course changes, the proceeds shrank only by 1.2 percent. The net star value (NMV) fell by 7.9 percent to EUR 249.2 million, and was only narrowly missed the previous year’s level (-0.4 percent). Current -adjusted growth in Latin America as well as in Australia and New Zealand were not quite enough to compensate for considerable losses in Southeast Asia.
Thanks to an increase in gross margin from 44.9 to 47.7 percent and successful cost reductions, the group achieved a result of interest, taxes and depreciation (EBITDA) in the amount of 3.0 million euros. In the same period last year, it was still negative at -3.7 million euros. The loss before interest and taxes (EBIT) from continued business areas decreased from 18.6 to 9.6 million euros.