By
EFE
Translated by
Roberta HERRERA
Published
Jul 19, 2024
Adolfo Domínguez has reduced its losses to 1.8 million euros in its first fiscal quarter, spanning March to May, aided by a 10.45% increase in business volume, which exceeded 24 million euros—the highest for this interval since 2015.
In a statement sent to the National Securities Market Commission (CNMV), the company noted that after two consecutive fiscal years with a positive net result, it continues to improve its profitability. In the first quarter, EBITDA reached 2.1 million euros, five times higher than in the 2023/24 period.
The gross margin stood at 16 million euros, up 9.6% from the same period last year, and represents 66.6% of sales.
Europe leads the brand’s growth, with a 16.7% increase in sales. After nearly 50 years in the European market and with 180 sales points across seven countries, the company continues to expand its international presence, opening new stores in Greece, Luxembourg, and Spain between March and May.
Operating expenses were reduced by 2% to 13.9 million euros in the reviewed period.
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