Yoox group H1 net revenues up 23.2 percent

For the first half of 2012, Yoox group, the global internet

 retailing partner for leading fashion and design brands, posted consolidated net revenues of 120.6 million euro’s (149.7 million dollars/Rs 824 crores), an increase of 23.2 percent compared with 97.8 million euro’s (121.4 million dollars/Rs 668 crores) at June 30, 2011. This increase is attributable to the positive performance of both yoox.com and thecorner.com, which have been joined by shoescribe.com since its successful launch on March 7, 2012. The net income recorded was 2.2 million euro’s (2.7million dollars/Rs 14 crore) compared with 2.9 million euro’s (3.6 million dollars/Rs 19 crore) for the same period last year.

Overall, at June 30, 2012, the Multi-brand business line accounted for 69.7 percent of the group’s consolidated net revenues. The Mono-brand business line includes the set-up and management of the online stores of some of the leading global fashion and luxury brands. This business line posted consolidated net revenues of 52.3 million euro’s (64.9 million dollars/357 crores), up 56.6 percent from 33.4 million euro’s (41.4 million dollars/Rs 227 crores) at June 30, 2011. The growth in the Mono-brand business line is partly due to the strong performance of the 30 online stores that were already active at December 31, 2011, and partly due to the four new online stores launched during the first half of 2012: barbarabui.com, pringlescotland.com, pomellato.comand alexanderwang.com. The dsquared2.com online store in China was also added on March 5, 2012. Overall, at June 30, 2012, the Mono-brand business line accounted for 30.3 percent of the group's consolidated net revenues with 34 online stores.

The group continues to register strong international growth. All the international markets, which at June 30, 2012 accounted for 84 percent of total net revenues, grew significantly compared with the first half of 2011. In particular, North America remains the group's no. one market, with net revenues of 37.4 million euro’s ( 46.4 million dollars/Rs 255 crores), representing 21.6 percent of consolidated turnover, and growth of 47.5 percent compared with the first half of 2011. Japan put in an excellent performance, with net revenues 74.4 percent ahead of the previous year, while Other Countries continued to record sustained growth. Results for the Rest of Europe were also strongly positive and showed an acceleration of growth over the first quarter of 2012, rising by 27.2 percent compared with the first half of 2011.

The main countries that contributed to the group’s revenues in Europe in the first half of 2012 were France, Germany and the UK, all of which reported improved figures compared with the first half of 2011, and Russia, which continues to achieve outstanding results. Finally, the Italian market firmed up the good results seen in the first half of 2011 with net revenues at June 30, 2012 of euro 27.5 million (US$33.9 million/Rs 186 crores), broadly in line with the previous year.