The Italian clothing group OTB SpA closed the 2023 financial year with increases in sales and operating profit. This emerges from current key figures that the company published on Friday. The parent company of brands such as Diesel, Jil Sander, Maison Margiela, Marni and Viktor & Rolf achieved strong growth, particularly in Asia.
Last year, group sales reached 1.9 billion euros, which represented an increase of 7.2 percent (currency-adjusted +10.2 percent) compared to the previous year. Net sales grew by 9.1 percent (currency-adjusted +12.4 percent) to 1.8 billion euros.
The Diesel and Jil Sander brands can also grow strongly
The growth drivers were the Asian markets with a currency-adjusted sales increase of 74 percent. The company’s own retail sector also developed at an above-average pace, with total sales increasing by 33.8 percent after adjusting for currency effects, not least thanks to the opening of 76 new boutiques.
According to the group of companies, all major brands were able to achieve strong sales growth. Adjusted for exchange rate changes, diesel revenues rose by 13.1 percent. Jil Sander (currency-adjusted +17.3 percent), Marni (currency-adjusted +8.6 percent) and Maison Margiela (currency-adjusted +23 percent) also clearly exceeded the previous year’s level.
The group also made progress in terms of operating profit. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by almost eleven percent to 348 million euros compared to the previous year.
