Adolfo Domínguez's sales increased by 13.2% between March and November 2023 compared to the same period last year, driven by the online channel. Specific, The company's online sales increased 25%.
The fashion group has imagined this National Securities Market Commission (CNMV) its results in the first nine months of the 2023/24 financial year, in which it a Sales of 83.8 million euros. In the cumulative third quarter, Adolfo Domínguez achieved an operating profit (EBITDA) of 9.7 million, 25.2% more than in the same period of 2022. Between September and November, the company generated a net profit of 0.7 million, having already had two quarters with positive net results.
«We add another quarter of good performance. Sales continue to grow in double digits and we continue to improve our profitability. We are focused on renewing our commercial network with prime locations while reaching new online audiences that drive our e-commerce“, Explain Antonio Puente, CEO of the Adolfo Domínguez Group. The brand has its own will be offering its own clothing rental service starting in the fall.
The company's sales recorded an increase in all markets in which it is present, with increases of 10.5% in Europe and 19.9% internationally. The company's cumulative net result for the first nine months is -2.7 million, improving by 0.7 million euros compared to the first half of the year.
Online growth
The Innovation and exploration of new forms of consumption It is one of Adolfo Domínguez's growth levers. At the end of 2021, the company became first fashion brand in Spain to organize the interactive social live shopping shopping experience: an online event where you can discover the men's and women's collections and learn how to make the most of their garments to encourage more rational purchasing. Since then, nearly 110,000 people have taken part in the experience.
In the first nine months of the 2023/24 financial year The company's online sales increased by 25%. Adolfo Domínguez has 356 points of sale in 23 countries and an annual turnover of 114.2 million euros (fiscal year 2022/23).