Farfetch expects to meet profitability targets planned for 2021

Farfetch Limited in a preliminary financial results announcement for the first quarter ended March 31, 2020 said, it expects to deliver strong digital platform GMV growth, supported by the performance of the China region, which continued to grow faster than the overall marketplace, and from February 1, 2020, accelerated to grow faster year-on-year than this region grew for all of 2019. The company expects to deliver profitability at the adjusted EBITDA level for 2021 as planned.