Global Fashion Group reported a Q1 FY24 NMV of €239 million (~$256.2 million), down 16.5 per cent YoY, with orders falling 18.1 per cent.
Despite regional challenges, gross margin rose to 44 per cent.
GFG reaffirmed its 2024 guidance, expecting an NMV decrease of 5-15 per cent.
Adjusted EBITDA is projected between minus €25 million and minus €45 million.Global Fashion Group reported a Q1 FY24 NMV of €239 million (~$256.2 million), down 16.5 per cent YoY, with orders falling 18.1 per cent.
Despite regional challenges, gross margin rose to 44 per cent.
GFG reaffirmed its 2024 guidance, expecting an NMV decrease of 5-15 per cent.
Adjusted EBITDA is projected between minus €25 million and minus €45 million.
