Global Fashion Group achieves EBIDA break even, revenues up 17.7 percent

Global Fashion Group S.A. (GFG) ended 2019 with its first profitable quarter. The company said in a statement that the group delivered adjusted EBITDA of 0.7 million euros (0.78 million dollars). The company reported active customer growth of 17 percent to 13.1 million and orders were up by 20.3 percent to 10.3 million. Net merchandise value (NMV) increased by 22.9 percent on a constant currency basis to 554 million euros (616.6 million dollars), while revenue growth in the quarter was 17.7 percent on a constant currency basis to 417.7 million euros (464.9 million dollars).