FF Group said its consolidated turnover grew 9.2 pct to 956.2 million euros in the January-September period, from 875.5 million in the same period last year.
The group said improved operating activity in all business sectors led to an increase in operating profits to 169.2 million euros in the nine-month period from 154.6 million in 2015, an increase of 9.5 pct.
Consolidated EBITDA grew 9.8 pct to 192.3 million euros, while net consolidated after tax and minorities earnings amounted to 112.1 million.
The jewelry, watch, accessory sector reported a 9.4 pct increase in turnover to 687.1 million euros, with EBITDA rising 8.6 pct to 169.5 million. The department store sector reported a 7.0 pct increase in turnover to 129 million euros and an EBITDA of 11 million euros, up from 9.8 million in 2015. The clothing/footwear wholesale/retail sector reported a 10.5 pct increase in turnover to 140.1 million euros in the nine-month period.
Tzortzis Koutsolioutsos, CEO of FF Group, commenting on the results said: “We continue growing successfully in a very volatile environment and in all countries with established activities. In this framework and despite continuing challenges in the external environment (Brexit, terrorist attacks, etc) the Group’s business sectors continue showing exceptional resilience. We continue a digital transformatin of the group to meet new market demands and to be ahead of our competitors in this field. We also restructure internal procedures and our operating model to support this significant transformation. We are all thrilled with this development and we are certain that this will add value to our employees, customers and shareholders in the coming years”.
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