GLOBAL FASHION GROUP UPGRADES OUTLOOK FOR FULL YEAR 2020
11/11/2020DGAP-Ad-hoc: GLOBAL FASHION GROUP UPGRADES OUTLOOK FOR FULL YEAR 2020
Global Fashion Group S.A. / Key word(s): Change in Forecast/Results Forecast GLOBAL FASHION GROUP UPGRADES OUTLOOK FOR FULL YEAR 2020
GFG now expects to achieve constant currency Net Merchandise Value ("NMV") growth of around 25%, giving just over €1.9 billion NMV and €1.3 billion of revenue. Adjusted EBITDA is expected to be at least €10 million. Capex investment will remain around €45 million. This guidance is based on current currency exchange rates. In its outlook published on 8 October 2020, GFG guided to constant currency NMV growth of around 23%, delivering c.€1.9 billion NMV and c.€1.3 billion of revenue. GFG expected to be profitable with respect to Adjusted EBITDA and capex investment of around €45 million. GFG will publish its third quarter results on 12 November 2020 as scheduled. For inquiries please contact: Press / Communications Investor Relations Forward looking information About Global Fashion Group For more information visit: www.global-fashion-group.com
11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Global Fashion Group S.A. |
5, Heienhaff | |
L-1736 Senningerberg | |
Luxemburg | |
Phone: | +352 691 20 56 54 |
E-mail: | investorrelations@global-fashion-group.com |
Internet: | https://global-fashion-group.com |
ISIN: | LU2010095458 |
WKN: | A2PLUG |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange |
EQS News ID: | 1147490 |
End of Announcement | DGAP News Service |