Yoox, the internet retail group for fashion and luxury brands, looks back on a 2012 of satisfactions and looks – with equal confidence – at the results that will shape the year 2013. Consolidated net profit in 2012 is 10,2 million euros (up 1,8%); Ebitda rose to 32,1 million (+33,2%), as stated in the note. Despite the capital account investments of 30,3 million, there was also an improvement in the net financial position which, at the end of 2012, was positive for 14,6 million (compared to 12,9 in 2011).
As in previous years, no distribution of dividends is envisaged. The motivation is that "profits must be reinvested with the aim of further financing the company's growth and development projects".
The founder and CEO of the group Federico Marchetti declares that he has great confidence for 2013. “Based on the trend of the online retail market, the proven validity of Yoox's business model and its technological and logistical leadership, it is reasonable to assume – reads the press release – that in 2013 Yoox Group will record further growth in turnover and of profits. It is likely to expect that both business lines (Multi-brand and Mono-brand) and all the main markets in which the group operates will contribute in a more balanced way to this growth”.
